Out of left field, Ohio Gov. Mike DeWine proposed a “permanent solution” last week to a recurring problem Ohio faces when professional sports franchises ask the state to spend millions of dollars to ...

Here's what you need to know about the tax implications of sports betting and gambling wins. What we'll cover Yes, you owe taxes on sports betting wins Can I deduct losses from sports betting?

TOLEDO, Ohio (WTVG) - Ohio could soon double its sports betting tax once again. This week, Gov. Mike DeWine proposed increasing the state’s sports gaming tax rate from 20% to 40% in his two-year ...

Sports betting is a revenue driver for states, bringing in millions of tax dollars each year. Sportsbooks are taxed on their revenue, while individuals must pay taxes on any winnings (tax rates ...