❌ SB199
Levy a fee on gross sports gaming wagers; specify revenue use
Summary
The bill levies a 2% fee on gross sports gaming wagers in Ohio, with the revenue designated to support publicly owned professional sports facilities and interscholastic athletics. It establishes a sports venue redevelopment commission to evaluate and approve projects funded by this fee. The bill also outlines the administrative processes for tax collection and penalties for non-compliance.
Rationale
The bill imposes a new fee on sports gaming, which contradicts the Libertarian principles of minimal government intervention and taxation. It also allocates funds to government-controlled sports facilities, which may be seen as supporting cronyism and government spending, conflicting with both LP and LPO platforms that advocate for reduced government involvement in economic matters.
Risks and Concerns
- Increased government control over sports and gaming industries
- Potential for misuse of tax revenue
- Encouragement of cronyism in public funding for sports facilities