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The Missouri Senate can vote as soon as today to allow sports betting on river casinos and through online sports betting connected to casinos, with a imaginable launch in 2021.
All this without a referendum through a replacement proposal for Senate Senate Bill 98, sponsored through Senator Denny Hoskins. unlike the committee’s latest recent replacement of the bill.
A referendum requirement would have driven a sports pitch in Missouri in 2023.
Hoskins worked for 4 years to bring sports to Missouri, a state now almost surrounded by legal sports states.
“So far, 20 states have legalized sports and another six are expected to go online in 2021,” Hoskins said in his speech Monday on SB 98. “If Missouri had legalized sportsArray, it would have allowed us to bet on (Kansas City ) Bosses in the Super Bowl this year.
“Anything, whether video lottery terminals or sports betting, is declining across the state today, and I’m asking the company to regulate and legalize gambling in the state of Missouri,” Hoskins added.
The sports provisions of SB 98 are the amendment to this expanded gaming law that would also allow the operation of up to 12,500 video lottery terminals and fantasy sports competitions between peers in the state of Show-Me.
The proposed replacement explains in detail what retail and online sports would look like in Missouri.
Here are the highlights:
The betting box would also be wide, with the exception of supplementary bets on individual school athletes participating in singles matches or matches involving a state team, which would remain illegal, as would bets on games or sports occasions involving the best school. individual groups and players.
The Missouri Gaming Commission has estimated that 70% or more of the state raffle in legalized sports betting may come from online sports betting. Hoskins told the Senate that $8 million to $20 million a year would come from sports betting taxes under SB 98.
Overall, SB 98 can generate only $175 million in annual government revenue when fully implemented.
SB 98 as amended will be published and given a third reading in the Senate, a procedural requirement for approval.
If approved in the Senate, sb will move to the House for consideration. The Missouri General Assembly’s 2021 normal consultation ends on May 14.
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