![]() ![]() Sports wagering in Missouri has been an issue due to concerns about video gambling in gas stations and convenience stores across the state. “Our constituents genuinely don’t understand why we haven’t got it to the finish line yet.” “This is something that seems so simple,” said Rep. Legalizing sports betting in Missouri has been an uphill battle for several years. However, the tax rate on casinos excludes a deduction for promotional costs. In comparison, casinos in the state pay a 21% tax on net winnings for every other form of gambling. Revenue generated from sports wagering would be allocated toward Missouri’s education fund. Net winnings of all wagers would be taxed at 10%, including deductions for promotional costs. ![]() The two bills propose sports betting be regulated by the Missouri Gaming Commission. HB 556 and HB 581 would allow Missouri casinos to partner with up to three online sports betting sites, while the state’s professional sports teams are allowed to partner with one platform. If the bills advance in the lower chamber, they will then head to the Senate for a final vote. The two bills, which have garnered support from Missouri’s casinos and professional sports teams, will be up for a formal roll-call vote in the House later this week. Dan Houx - were passed in the House by a first-round voice vote. HB 556 and HB 581 - both sponsored by Rep. On Monday, the state’s House approved House Bill 556 and House Bill 581 - two pieces of legislation that would legalize both online and retail sports wagering across the Show-Me State. Missouri is attempting to authorize legal sports betting after previous failed attempts. ![]()
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