\u201cStates have shown that fantasy sports is an activity that can be regulated to ensure a fair and balanced playing field,\u201d Schoenke said. \u201cSixteen states have passed laws clarifying that fantasy sports are legal games of skill.\u201d<\/strong><\/p><\/blockquote>\nOpponents Question Lack of Revenue for State<\/strong><\/h2>\nWhile the bill passed easily, that doesn\u2019t mean that there weren\u2019t aspects of the law that provoked some controversy. Some lawmakers, such as Senator Bill Coley (R-West Chester), opposed the bill in its current form.<\/p>\n
Coley proposed adding a six percent tax to the bill in order to cover the cost of social problems that might come with the games, despite the fact that the bill makes a point of stating that fantasy sports contests are not gambling. He also questioned what benefit residents of the state would get out of the legislation in its current form.<\/p>\n
\u201cYou get no jobs, no development,\u201d Coley said. \u201cYou\u2019re getting the money sent out of state electronically, and you get nothing for Ohio.\u201d<\/strong><\/p><\/blockquote>\nOperators would pay a 0.26 percent commercial activity tax in the state, but would otherwise owe no state taxes. That pales in comparison to the 33 percent tax paid by casinos. The bill does also allow for licensing fees of up to $10,000 a year.<\/p>\n
The bill will need to quickly return to the House if there is a chance of passing a final bill this year. The lower chamber of the state legislature only has two days left in its 2017 session before it plans to recess for the year.<\/p>\n
State-by-state regulation of the daily fantasy sports industry has been gaining momentum throughout the year, with several states signing legislation that clearly designates the industry as a legal option for players. Other states that have done so in 2017 include Maine, Delaware, New Jersey, and Mississippi.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Ohio Senate overwhelmingly passed a bill on Wednesday that would allow daily fantasy sports contests to be regulated in the state. The legislation, originally known as House Bill 132, passed by a 25-4 margin and will now need to be reconciled with the version of the bill that passed the state House earlier this […]<\/p>\n","protected":false},"author":42,"featured_media":64267,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61,16,1074],"tags":[],"acf":[],"yoast_head":"\n
Ohio Senate Passes Daily Fantasy Sports Bill<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n