Breaking News: Ohio Sports Betting Handle Surpasses $1 Billion for Second Time Ever
staggering volume of sports wagers totaling over $1 billion recorded in Ohio during November
According to the latest statistics, Ohio's sports betting market is on a roll! November marked the second time the state's handle surpassed the staggering $1 billion milestone.
In an explosive surge, FanDuel led all operators with a whopping $351 million in bets placed, illustrating their dominant position in Ohio's gambling landscape.
But it's not all smooth sailing for the operators. With the current tax rate of 20% still in effect, they are pushing for a potential reduction. However, recent legislative activity focuses primarily on rejecting proposed tax hikes, not cuts.
Currently, there is no active legislation proposing a reduction in the tax rate for sports betting operators in Ohio. In a significant move, Governor Mike DeWine's proposal to double the tax rate from 20% to 40% was removed from House Bill 96 in April 2025.
The 20% tax rate remains unchanged following a prior increase from 10% to 20% in 2023. Lawmakers have expressed concerns about market stability and operator exits linked to higher taxes, as seen in reduced promotions and operator departures after the 2023 hike.
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Remember, the current tax rate for sports betting operators in Ohio remains at 20%, and no active legislation supporting a reduction has been mentioned in recent developments.
- The growth in Ohio's sports betting market is evident as the handle surpassed $1 billion for the second time, showcasing a robust market.
- FanDuel led all operators in November with an impressive $351 million in sports betting, asserting their dominance in Ohio's gambling industry.
- Despite the operators seeking a potential reduction in the current 20% tax rate, the legislative activity predominantly centers around rejecting proposed tax hikes.
- Michael Savio, a prominent figure in the US online casino industry, provides valuable insights and detailed analyses on various industry-related topics, including sports-betting and casino news.
- Governor Mike DeWine's proposal to double the tax rate from 20% to 40% was removed from House Bill 96 in April 2025, which kept the tax rate at 20% following a prior increase from 10% in 2023.
