Tag: Penn Sports Interactive

Ohio Governor DeWine Aims to Double Sports Betting Tax Rate in Proposed Budget

Hannah Poling

Ohio Governor Mike DeWine is attempting to double the tax rate from 10 percent to 20 percent just over a month after sports betting became legal in the state. This increase is part of his biennial executive budget plan for the 2024–2025 fiscal years.

The budget doubles the tax on sports wagering that casinos and teams operating mobile sportsbooks must pay. A Bloomberg Tax analysis shows that the tax is just a little bit higher than the average 19 percent levied by other states.

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Governor DeWine Says Sports Betting Operations Have Already Crossed the Line in Ohio

Hannah Poling

A mere two days since the legalization of sports betting in Ohio, Governor Mike DeWine is already questioning the legality of some companies’ practices.

In his first remarks on the matter since the state’s legalized sports betting on Sunday, DeWine said he had taken a personal interest in upholding state laws governing gambling organizations’ advertising.

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Sports Betting Company May Face $250,000 Fine After Being Accused of Promoting Sports Gaming to College Students in Ohio

Hannah Poling

Penn Sports Interactive (Penn) could face a $250,000 fine over promoting sports betting in Ohio to underage bettors on a college campus.

Penn Sports Interactive is the parent company of Barstool Sportsbook, an online sports betting site. The Ohio Casino Control Commission (OCCC) claims that Barstool violated the rules at the University of Toledo when the company promoted a pre-registration deal on its app during a show.

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Sports Betting in Virginia Exceeds $2 Billion in Wagers Cast Since January Launch

Eric Burk

Virginia’s new sports betting continues to set records, with $427 million in wagers cast in October thanks to five weekends of football, postseason baseball, and the opening of the NBA season. Sportsbetting was launched in the Commonwealth on January 21, and October’s results helped make Virginia the fastest state to exceed $2 billion, according to a PlayVirginia press release.

“It took Old Dominion a little less than nine months to reach the milestone. The previous record-holder, New Jersey, took about 10 months to reach $2 billion in wagers,” PlayVirginia said.

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