As the sports betting industry expands, Ohio's Governor Mike DeWine proposed raising the sports betting tax from 20% to 40% as part of his $218 billion budget for 2026 and 2027. This tax increase follows a prior rise from 10% to 20% in 2023. The generated revenue would support youth sports initiatives and contribute to a new stadium for the Cleveland Browns. However, there's opposition in the legislature, with some advocating for a decrease in the tax rate to promote industry growth.
Ohio's sports betting tax is poised to double under Governor DeWine's new budget proposal, aiming to fund youth sports and a new stadium for the Browns.
DeWine criticized sports betting operators for their aggressive tactics and argued that they should help fund public infrastructure like stadiums due to Ohioans losing significant money.
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