There are no income tax cuts in Republican Gov. Mike DeWine’s proposed $87 billion, two-year state budget, and there’s the elimination of the state sales tax on baby products in it. But there’s also a tax hike buried in the 4,000+ page spending plan.
The budget doubles the tax on sports betting from 10% in law now to 20%, to be paid by casinos and teams running sportsbooks with mobile companies such as DraftKings and Barstool Sportsbook. And just slightly over the average of 19% that other states are levying, according to a report from Bloomberg Tax.
The revenue would go to schools for athletics and extracurricular activities, toward problem gambling and to administrative costs of overseeing sports betting.
