Ohio Rolls the Dice with 15% Tax Rate in Latest iGaming Laws

A revolutionary legislative proposal is currently being discussed at the Ohio Statehouse, which could pave the way for the legalization of internet casino gaming in the state. The proposed tax rate for this initiative is set at 15%, with the introduction of Senate Bill 312 aiming to bring various online casino games to Ohio residents.

State Senator Niraj Antani (R-Miamisburg), the primary sponsor of the bill, is extremely excited about the potential impact of this legislation on gaming in Ohio. “I think that this is the next progression of gaming in Ohio,” remarked Antani. His vision includes allowing Ohioans to participate in a wide range of online games, such as poker, roulette, slot machines, and card games like blackjack. “Blackjack, any sort of card game, table game, you’ll see allowed. That’s the idea here,” Antani explained.

The bill entrusts the Ohio Casino Control Commission with the responsibility of working with licensed casinos to determine which games can be offered online. This measure is intended to create a regulated and secure environment for online gambling enthusiasts.

Despite the potential benefits of the proposal, some stakeholders have expressed concerns, particularly those in the traditional brick-and-mortar sectors. David Corey, executive vice president of the Bowling Centers Association of Ohio, voiced worries about the negative impacts on physical businesses. “It is definitely worrisome for our clients,” Corey stated, citing fears of job losses and decreased customer traffic at physical locations. However, Corey also acknowledged the potential advantages for the hospitality sector, such as the expansion of gambling kiosks.

Senator Antani also reflected on the initial goals of sports betting, which sought to level the playing field between online platforms and traditional industries. However, the rapid rise of online sports betting platforms raised concerns about market fairness, leading to ongoing discussions for equitable solutions.

Looking ahead, Antani remains a strong proponent of the legalization of iGaming. He believes that legalizing online gambling will help curb illegal activities in the sector and provide a regulated, safe framework for players. “People want iGaming. They do it illegally now. They do it on the black market. I believe we should be able to do it safely and in a regulated way and its time to legalize this practice,” he emphasized.

According to WLWT, Senate Bill 312 proposes a tax rate of 15% for online casino games, which is 5% lower than the current tax rate for online sports betting in Ohio. The bill’s introduction signals the beginning of a legislative process, with the first hearing expected to take place in November. If successful, Ohio would join the ranks of seven other US states, including Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia, that currently offer legal iGaming.

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