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Ohio: Details released on how stadiums can get sports wagering tax funding

Ohio: Details released on how stadiums can get sports wagering tax funding

If approved, the State of Ohio could significantly reduce the Cleveland Browns’ ask for public funds from Cuyahoga County and the city of Brook Park for their proposed $3.4 billion dome and development.Last week Ohio governor Mike DeWine proposed increasing the state’s sports gaming tax to help pay

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Ohio governor’s proposal to hike sports betting tax for new stadium faces legislative skepticism

Ohio governor’s proposal to hike sports betting tax for new stadium faces legislative skepticism

Gov. Mike DeWine’s budget proposal to double Ohio’s tax on sports betting companies’ revenue to fund sports stadium projects – like a proposed new Cleveland Browns stadium – received a skeptical, though not completely hostile, reaction from state lawmakers on Tuesday.The plan, unveiled by DeWine on

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Ohio governor’s proposed sports betting tax hike could pay for Paycor Stadium upgrades

Ohio governor’s proposed sports betting tax hike could pay for Paycor Stadium upgrades

As Hamilton County and the Bengals wrangle over how to fund major upgrades needed to Paycor Stadium, Ohio Gov. Mike DeWine has suggested gamblers could pay for some of it.In his two-year state budget proposal released Monday, DeWine proposed raising Ohio’s sports gaming tax from 20% to 40% to genera

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Ohio sports bettors push November handle beyond $1 billion for second time

Ohio sports bettors push November handle beyond $1 billion for second time

Ohio sports bettors have once again shattered records, generating over $1 billion in total sports betting handle in November. This marked only the second time the Buckeye State has surpassed the billion-dollar milestone since legalizing sports betting in January 2023. The Ohio Casino Control Commiss

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Ohio's sports betting revenue surpassed $900 million in October, setting a new historical record.

Ohio's sports betting revenue surpassed $900 million in October, setting a new historical record.

In October, sports betting companies in Ohio set a new historical high in sports betting revenue.According to data compiled by the Ohio Casino Control Commission and the Ohio Lottery Commission, these companies took in nearly $901.4 million in bets. After paying out winnings and voiding bets, these

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Ohio sports betting handle reaches $901.4M in October, second-highest total in state history

Ohio sports betting handle reaches $901.4M in October, second-highest total in state history

Ohio reported a sports betting handle of $901.4 million in October, the second-highest monthly amount since the state launched its legal market in January 2023. The figure surpasses last year's$747.7 million by 20.6% and 4.5% higher than $863 million inSeptember. It is second only to $1.11 billion i

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Ohio: Lawmaker aims to halve sports betting tax rate

Ohio: Lawmaker aims to halve sports betting tax rate

Dayton-area state Sen. Niraj Antani, the author of a bill that legalized Ohio sports betting in 2022, proposes cutting the sports gaming tax rate back to its original 10% after the state bumped it to 20% last year.Antani, a Miami Twp. Republican, submitted written testimony to the Senate Finance Com

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Ohio sportsbooks saw handle grow 25 percent year-over-year in September

Ohio sportsbooks saw handle grow 25 percent year-over-year in September

The Ohio Casino Control Commission recently announced that the state’s sports betting market grew substantially in September. Their monthly sports betting handle grew year-over-year to hit $6 billion. Ohio online sportsbooks finished with a $864.3 million handle in September 2024, a 25% year-over-ye

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