Market News - Gambling

Ohio lawmakers introduce separate bills to regulate online gambling

Ohio lawmakers have introduced separate bills to regulate online gambling, aiming to establish a legal framework for internet-based casino gaming in the state. The proposed legislation includes a 36% tax on an operator’s internet gambling receipts, along with a $50 million initial licensing fee and a $5 million renewal fee. These measures are designed to generate significant revenue for the state while providing oversight and regulation of the online gambling industry.

View the original full article here: https://www.crainscleveland.com/politics-policy/ohio-lawmakers-introduce-bills-regulate-online-gambling

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