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A Glimpse into Ohio's Record-breaking Month
Ohio registers an astounding $1 billion in sports betting wagers for the month of November
Author: Michael Savio | 01/02/2025 02:31 Courtesy of Erik Drost, CC BY 2.0
The Highlights 🏆
- Ohio's sports betting market hit an all-time high, surpassing the $1 billion mark for the second time in history, during November
- Leading the way, FanDuel secured over $351 million in wagers, dominating the industry
- Speculation persists about a possible half-cut in the operators' tax rate
Insights from the Pro
Michael Savio, a seasoned analyst in the US online casino industry, sheds light on the latest trends in the bustling sports betting scene. With a background in the retail industry and a foot firmly planted in the thriving online market, his articles deliver a unique blend of expert insights and information unparalleled in the industry. From the grittiest online casino reviews to the most recent industry news, Michael's comprehensive coverage keeps readers ahead of the game. Catch up on Michael's latest findings at casinos.com! 🎲🎰
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In the News 📰
Though there's no current legislative initiative, Governor Mike DeWine has been advocating for an increase in the sports betting tax rate from 20% to 40%[1][2][5]. The aim is to garner additional funds for future stadium development and youth sports programs. However, a proposal to reduce the tax rate for operators has not yet been tabled[3][5]. Stay tuned for updates on Ohio's sports betting landscape! 🚨💪🏽🏈💸
Learn More 🔗💎💰
In the rapidly evolving online casino industry, sports betting in Las Vegas and other jurisdictions, such as Ohio, is thriving. Amidst this growth, Ohio's sports betting market set a new record in November, surpassing $1 billion, with FanDuel leading the way with over $351 million in wagers. Meanwhile, discussions about potentially lowering the operators' tax rate continue in the background, adding an intriguing twist to this dynamic scene.
