States debate optimal tax rates as online gaming revenue soars

Saturday, December 14, 2024 12:25 PM
Photo:  Quad Script Ohio flickr photo by fusionpanda shared under a Creative Commons (BY-NC) license
  • Dave Grendzynski, Action Network

Whether it’s sports betting or online casinos, states are making millions of dollars off the tax revenue both industries provide.

But lawmakers in some of the states that offer legalized online gaming or sports betting are struggling to come up with the right percentage for operators.

There are states on the verge of increasing their tax rate, if they haven’t already, but other states where lawmakers think they are charging too much. Here are a few examples.

Ohio state Senator Niraj Antani, who helped legalize sports betting, is pushing to lower The Buckeye State’s tax rate back to the original 10%.