While Gov. Mike DeWine hopes this will send a message about aggressive ad campaigns, industry experts and at least one veteran Republican lawmaker think the increase from a 10% to 20% tax rate is “shortsighted.”
“We wanted to send a message to the market that Ohio was not the Wild, Wild West,” Tierney said.
“That will make them less competitive, and it will likely result in some leaving the market,” Grove said. “The less attractive the legal market is, the more attractive the illegal sportsbooks become,” Grove said. reached out to several betting companies for comment. DraftKings deferred to the Sports Betting Alliance, an industry group that represents“While we strongly disagree with this decision, sports betting’s success in Ohio demonstrates the promise of creating a safe and regulated market for online gaming - both in terms of combating illegal and unregulated gaming enterprises and providing meaningful support for state priorities,” the group’s spokesman Nathan Click said in a statement.
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