Any hope of seeing online gambling at an intrastate level within the borders of Mississippi has gone out the window, as a House Bill legalizing the act failed to make it out of committee.
The bill was titled House Bill 1373 the Mississippi Lawful Internet Gaming Act of 2012 and was introduced by Representative Bobby Moak. The bill would have legalized online betting in the state, and brought in significant revenue.
Among the fees that companies would have had to pay in order to do cyber business in Mississippi?
- A non-refundable deposit of $100,000 to be considered for a $200,000 license.
- Annual renewal fees of $100,000
- Disbursements of $100,000 to the Mississippi Gaming Commission and State General Fund
- 5% gross revenue tax