Ohio Gov. Mike DeWine increased the tax on sports betting revenue to 20% in the fiscal year 2024-25 state budget plan, doubling the payments legal sportsbooks will have to pay.
The idea was proposed last week and agreed to on June 30. DeWine himself was responsible for the initiative that proposed the idea in February, which left it as little surprise that he signed the plan into action and it took effect on July 1.
There are varying concerns about the ripples that the newly-doubled rate will create.