Bill > HB344

This bill addresses electronic instant bingo, lottery terminals, and associated taxation. Specifically, the bill introduces a comprehensive framework for retailer video lottery terminals and electronic instant bingo, establishing new regulations, licensing requirements, and tax structures. The bill creates a system where electronic instant bingo distributors will be required to pay a 35% tax on the ideal gross profit of electronic instant bingo deals, with the revenue earmarked for supporting arts projects, sports development, and veterans' programs. For retailer video lottery terminals, the bill sets up detailed licensing procedures, operational guidelines, and taxation mechanisms. Venue restrictions are implemented, such as limiting electronic instant bingo sales to specific locations and times, and requiring organizations to obtain appropriate licenses. The bill also establishes reporting and compliance requirements for distributors, operators, and organizations conducting these gaming activities. Notably, the implementation of these new regulations is phased, with full implementation set for January 1, 2026, allowing existing organizations time to adapt to the new regulatory environment. The legislation aims to create a structured, regulated approach to electronic instant bingo and retailer video lottery terminals while generating revenue for state programs.

Budget and Finance

https://www.legislature.ohio.gov/legislation/136/hb344