Ohio sportsbooks encourage gambling commission to lower sports betting tax

The sports betting industry begged the commission to suggest lowering the state's sports betting tax during a meeting.

When the market opened for business in January 2023, Ohio taxed the gross revenue that oddsmakers won at a rate of 10%. About six months later, the governor of Ohio requested that the rate be doubled.

The numerous physical and online sportsbooks in Ohio's crowded sports betting market already present licensees with operational difficulties. The higher tax rate made it harder for sportsbooks to compete with unlicensed offshore sports betting websites and hurt their bottom lines.

 

[Qwert135]

The tax rate is pretty significant actually and it should not be increased so that the platforms can provide good services for the industry and the players are also not affected this can improve the overall growth of the industry which can impact the revenue of the stake holders and the people affiliated with such industry can become able to have much better income as well with such options these must be implemented for the benefit of everyone involved in the industry to have positive outcomes for every one indeed