Ohio Sports Betting – Since the United States Supreme Court ruling that each state should be allowed to determine the future of Sports Gambling in their respective states many states have been introducing bills to allow Sports Gambling. The most recent to do so is Ohio. Senators John Eklund and Sean O’Brien introduced Senate Bill 316 on Thursday.
The Bill is not fully detailed at this time as the Senators hope to look into other regulated markets to determine what will be in Ohio’s best interest. O’Brien hopes to add more specific language to the Bill by the fall. As Ohio and Pennsylvania share a state line, and Pennsylvania’s eventual move into sports Gambling, Ohio hopes to keep Sport Wagering revenues in their own state.
Ohio taxes casino’s are roughly 33% and 33.5% respectively on gross revenue. The collected tax gets broken down by 51% state fund, 34% goes to Education, 5% to the casino host city, while the remainder goes to Ohio Casino Control Comm, Ohio Racing Comm, Law Enforcement, and Problem gambling and addiction programs.