by Zachary Kelley | Feb 23, 2024 4:25 pm | Regulatory
Ohio banned player prop bets across all college sports effective immediately. Ohio Governor Mike DeWine and NCAA President Charlie Baker requested the prohibition. Bovada legally offers college player props for Ohio players thanks to their international licensing....
by Zachary Kelley | Sep 5, 2023 4:43 pm | Revenue
DraftKings surpassed FanDuel in monthly handle for the first time since Ohio sports betting launched in January. July was the lowest monthly-handle in Ohio’s sports betting history. Ohio surpassed the $4 billion mark in seven months despite their worst month in July....
by Zachary Kelley | Jul 5, 2023 4:52 pm | Legal
A newly approved Ohio state budget includes a sports betting tax rate increase to 20%. Ohio Governor Mike DeWine signed the approved budget on July 3. The tax rate increase went into effect on July 1, 2023. COLUMBUS, Ohio – A sports betting tax rate increase included...
by Zachary Kelley | Jun 21, 2023 7:12 pm | Legal
The Ohio House of Representatives did not concur with the Senate-approved tax rate amendment. A legal sports betting tax rate increase from 10% to 20% was approved in the Ohio Senate on Thursday. The Ohio Casino Control Commission recorded over $45 million in tax...
by Zachary Kelley | Jun 1, 2023 7:52 pm | Revenue
The Ohio Casino Control Commission’s monthly revenue report shows that more than $520 billion dollars in sports betting wagers were placed in April. Another month with over half a billion dollars in wagers saw Ohio surpass the $3 billion mark in just four months with...
