Missouri to Consider Legalizing Sportsbetting

A Missouri politician introduced a bill this week in the state's Senate that would legalize sportsbetting within the state, making Missouri the latest spot to consider the activity since the Supreme Court overturned a sportsbetting ban.

Senator Denny Hoskins introduced Senate Bill 44, which was pre-filed for the 2019 session that begins in January. The bill would modify existing gambling laws to include sportsbetting. The verbiage would limit sports wagers to excursion gambling boats in person, but would also allow for online wagers to be placed. The bill would implement a tax of 12% on gross receipts, with an extra 2% tax to serve as an administrative fee. That latter tax would go toward the state's Veterans' Commission Capital Improvement Trust Fund.

Those looking to apply for a license will have to put up a $10,000 application fee, with a $5,000 renewal fee to be paid annually. The bill would allow the state's gaming regulator to form advertisement rules, which must include info on gambling addiction information.

The bill still has a long way to go before it becomes law, but Casino Listings will follow this story and update readers as we learn more.

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bgsharpe
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4 December 2018 - 9:31pm
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I guess that's a great news for the locals interested in sportsbetting, the good thing about it is that the online staking would be also allowed as opposed to some of the other states when that's not the case.
The tax amounts also look to be very reasonable which I guess would make a number of companies really interested applying for a license there.

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