Bill > SB111

This bill permits the Ohio Casino Control Commission to regulate sports wagering and to levy a tax on businesses that provide sports wagering. The key provisions of the bill are: - It creates a new chapter in the Ohio Revised Code (Chapter 3775) to regulate sports wagering, including authorizing the Ohio Casino Control Commission to issue certificates to casino operators and video lottery sales agents to conduct sports wagering at their legal gaming facilities. The bill sets application and administrative fees for these certificates. - It allows sports wagering operators to accept wagers from individuals physically located in Ohio or in other states where the Commission has entered into a sports wagering agreement. The bill also prohibits certain individuals, like sports league employees and problem gamblers, from placing wagers. - It imposes a 6.25% tax on the sports wagering receipts (total amount of cash and cash equivalents received from sports wagering less winnings paid and other deductions) of sports wagering operators, with the tax revenue going to the state's general revenue fund. - It adds provisions to existing law to require sports wagering operators to withhold Ohio income tax from winnings and to report and remit those withholdings to the state. - It establishes penalties for violations of the new sports wagering regulations, including criminal penalties in some cases.

Government Affairs

https://www.legislature.ohio.gov/legislation/legislation-summary?id=GA133-SB-111