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SportsTranscript
00:00How about in Ohio, where it's the opposite here, where they've been trying to raise taxes there now for quite some time, I think several months, lawmakers as of now saying that this is not going to happen.
00:13But, you know, Pat, how things can change.
00:16That's true.
00:17So, yeah, to fully understand this, you have to go back to 2023 when Ohio launched and you had Governor Mike DeWine immediately, like a couple months after it launched, going, hey, let's raise the tax rate from 10% to 20%.
00:30So he's already doubled it once.
00:32And then you enter this year when he proposed his budget in February.
00:36He said, let's double it again.
00:38Why not?
00:3820% to 40%.
00:39And that was all to potentially fund the Cleveland Browns stadium construction and some renovations in other stadiums in the state.
00:51Lawmakers were even heading into this session kind of wary of that idea.
00:57You know, there was a report that was filed by lawmakers last fall that said, no, you know, that first doubling, the 10% to 20% was premature.
01:06This was, we needed to see what the market was going to do.
01:08We needed to see how much it was bringing in.
01:10That was premature.
01:11Then last, in December, in a late session, a lawmaker proposed reducing it back to 10%.
01:19That didn't go anywhere.
01:20But then a month or two later, you had DeWine proposing to double it again.
01:25So there's this back and forth between the legislator and the governor.
01:29You've got the lead finance committee in the House saying, no, we're not raising taxes.
01:35And that's what happened.
01:36The House stripped that provision from the budget, passed it.
01:41It could come back and reemerge, but I doubt it based on kind of what the Republican lawmakers in Ohio are feeling about the taxes there.
01:50So, again, a lot of states are proposing to hike their sports betting taxes.
01:57Ohio joined the list of basically saying, no, we're not doing that this year.
02:01So, again, a lot of states are saying, no, we're not doing that this year.