An Ohio state senator has introduced legislation to halve the state tax rate levied on sports betting operators, which could cut tens of millions per year, at least, most of which flows to K-12 education.
Just before Thanksgiving, Sen. Niraj Antani – a Miamisburg Republican who recently announced plans to run for Congress – introduced Senate Bill 190. It would cut sports books’ gross receipts tax from 20% to 10%.
When Ohio’s sports betting program launched Jan. 1 of this year, casinos paid a 10% tax on gross receipts. However, lawmakers in the state budget this summer doubled the rate to its current 20%. State law steers most revenue from sports betting to support public and nonpublic K-12 education.
