Ohio lawmakers are drafting legislation to legalize online casino gaming, aiming to expand digital gambling options and increase state revenue. Representative Brian Stewart, chair of the House Finance Committee, is leading the initiative.
The proposed bill would allow Ohioans to access virtual poker and online casino games on mobile devices and computers. This move seeks to provide wider access to gaming while generating new revenue streams without raising traditional taxes.
Ohio’s Online Casino Bill is Backed by Market Studies
A state-commissioned report indicates that iGaming can boost revenue without negatively impacting physical gambling venues. Lawmakers suggest that tax funds from iGaming could support K-12 education and other public services.
This legislative effort aligns with recent budgetary revisions by House Republicans, who have made significant changes to Governor Mike DeWine’s initial budget proposal. Notably, they removed a proposed tax increase on sports gambling operators intended to fund a sports facilities fund.
Representative Stewart has been instrumental in shaping the state’s financial strategies, including the development of House Bill 96, the House’s version of the two-year state budget. His leadership reflects a commitment to fiscal responsibility and innovation in revenue generation.
The introduction of this online casino bill marks a significant step in Ohio’s approach to digital gambling. By embracing iGaming, the state aims to modernize its gaming industry with various online slot games and other offerings.
Such initiatives provide residents with more entertainment options, and secure additional funding for essential services.
Potential Issues and Prospects of the Ohio Online Casino Bill
Ohio lawmakers urged legalizing online casinos to boost tax revenue, noting similar success in other states. However, they warned Ohio must protect retail casinos and racetracks from possible market cannibalization.
Moreover, last year, the Ohio Lottery claimed online sports betting hurt its revenue. However, the majority of iGaming operators support expansion, highlighting its potential benefits for the gaming industry and the state.
One CEO of a prominent online sportsbook operator expressed the potential benefits of having online casinos operating in Ohio,
“As more states recognize the dual benefits of protecting their citizens and generating substantial tax revenues, we believe the iGaming legalization will gain momentum in the coming years.”
Last Updated on by jonathan r
