North American Gaming Industry, Casinos, Sports Betting
Experience
Larry has covered the US gambling industry for decades, explaining how casinos evolve under changing regulations. Drawing on years of covering Las Vegas, he uncovers the trends that drive gaming decisions across North America.
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Without discussion, the lower chamber approved House Bill Nos. 2502 and 2556 on a 115-33 vote.
Before sports betting becomes legal, the state Senate still needs to approve the legislation. Any change there would have to be worked out between the House and Senate.
If OK’d in both chambers, the legislation would go to Republican Gov. Mike Parson for his consideration.
The legislative session ends May 20 at the Capitol in Jefferson City.
Must be 21+ to participate. T&Cs Apply. Play Responsibly. Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, KY, LA, MD, MS, NJ, OH, PA, VA, WV, WY), Call 1-800-9-WITH-IT (IN), Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI), Call 877-718-5543 or visit morethanagame.nc.gov. (NC), Call or Text 800-889-9789 (TN).
Missouri Tax Rate Set at 8%
Sponsored by Reps. Dan Houx, R-Warrensburg, and Phil Christofanelli, R-St. Peters, the legislation would implement an 8% tax on sports betting revenue.
An earlier version of the legislation would have imposed a 10% tax, but that figure was lowered to 8% in an amendment approved in the House on Wednesday.
Pro Sports Teams Support Statewide Wagering
Sports betting measures have failed at past legislative sessions, but this year received support from a coalition of the state’s casinos and professional sports teams.
The teams include the NFL’s Kansas City Chiefs, the NHL’s St. Louis Blues and Major League Baseball’s Kansas City Royals and St. Louis Cardinals. The St. Louis City soccer team also has expressed support.
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Neighboring States Allow Sports Betting
In a discussion on the House floor Wednesday, some lawmakers noted that Missouri residents either are using illegal apps to wager on sports or are crossing into neighboring states where sports betting is legal. The state is losing tax revenue either way, the bill’s supporters said.
Among the eight states that border Missouri, sports betting is operational in Iowa, Illinois, Tennessee and Arkansas. It is legal but is not yet operational in a fifth neighboring state, Nebraska.
Legislation is under consideration to legalize sports betting in the other three bordering states: Kentucky, Oklahoma and Kansas.
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