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It seems that Michigan sports betting may face increased competition from the southern region.
As budget constraints loom across the nation and the regulated sports betting industry gains momentum, Ohio is steadily advancing to the forefront.
On Thursday, the gambling bill was approved by the state House of Representatives, advancing it to the Senate, where it joins an existing bill.
By a margin of 83-10, the House successfully passed its bill after engaging in over a year-long debate.
The non-partisan bill, sponsored by both Democrat Brigid Kelly and Republican David Greenspan, faced opposition solely from conservative Republicans.
Sports betting would be legalized in Ohio, making it the 18th state to do so.
Details of competing Ohio sports betting bills
The regulatory body is a point of contention in both bills, despite both bills allowing for mobile sports betting.
While the House bill grants power to the Ohio Lottery Commission, the Senate bill shows preference towards the Casino Control Commission.
The division is nonpartisan, despite Republicans holding control of both congressional chambers. Additionally, Governor Mike DeWine, who aligns with the Senate bill, is a member of the Republican party.
Moving forward, it seems that the main concerns are centered around tax rates and the allocation of generated revenue.
The House bill suggests implementing a 10% tax on betting earnings, with the resulting funds allocated towards education and programs promoting responsible gambling.
The Senate bill imposes a 6.25% tax, with the generated revenue designated for the state’s general fund.
The inclusion of collegiate athletics in the proposed bill has raised concerns among the state’s 13 Division I college athletic directors, creating a potential point of contention in college sports betting.
Ohio sports betting tax proposals straddle Michigan
Kelly pointed out that Indiana billboards near her Cincinnati district are evidence of Ohio’s loss in revenue to neighboring states that have legalized sports betting.
Michigan, along with Indiana, Pennsylvania, and West Virginia, is among the four neighboring states of Ohio where sports betting is readily accessible.
The state of Michigan, under the regulation of the Michigan Gaming Control Board, implements an 8.4% tax rate on sports betting, which falls closely in between the contrasting tax rates proposed in Ohio.
The tax rates for sports betting in Pennsylvania, West Virginia, and Indiana are 36%, 10%, and 9.5% respectively.
According to state estimates reported by Cincinnati.com, the House bill is projected to generate $23.7 million in fiscal year 2022, whereas the Senate bill is expected to yield $20 million.
Michigan and Ohio border war could intensify
Another interstate rivalry may soon join Ohio State’s dominance over Michigan in college football every November.
Casinos in Michigan located near the Ohio border will closely monitor the results of retail sports betting.
There are three commercial casinos in Detroit, which is located approximately an hour’s drive from Ohio.
- The name of the establishment is Greektown Casino-Hotel.
- The MGM Grand Detroit
- The casino in MotorCity
The Hollywood Casino Toledo stands as the nearest Ohio casino in proximity to the Michigan border.
Timeline for what’s next in Ohio
According to Greenspan, he anticipates that discussions regarding the matter will occur during the upcoming summer, with a bill ultimately reaching DeWine’s desk by the conclusion of the year.
DeWine’s press secretary expressed that the governor aimed to finalize sports betting via the legislative process prior to the upcoming November elections.
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