Missouri Sports Betting Bill Returned to Senate for Further Consideration by House

Missouri Sports Betting Bill Returned to Senate for Further Consideration by House

The Missouri Sports Betting Bill has been returned to the Senate for further consideration by the House, after the House made several amendments to the bill. The bill, which was initially introduced in January, aims to legalize sports betting in Missouri and create a framework for regulating and taxing the industry.

The bill, which is known as SB 98, was passed by the Senate in April with a vote of 20-12. However, the House made several changes to the bill, including adding language that would require sports betting operators to use official league data for in-game betting.

The House also added language that would require sports betting operators to pay a fee to the leagues for the use of their data. The fee would be set at 0.25% of the total amount wagered on the sport, and would be split between the leagues and the state.

The bill would allow for both in-person and online sports betting in Missouri. It would also create a new division within the Missouri Gaming Commission to oversee the industry and issue licenses to operators.

If the bill is passed by both chambers of the Missouri Legislature and signed into law by Governor Mike Parson, Missouri would become the 23rd state to legalize sports betting.

Supporters of the bill argue that legalizing sports betting would generate significant revenue for the state and create new jobs. They also point to the fact that many Missourians already participate in illegal sports betting, and that legalizing and regulating the industry would provide greater consumer protections.

Opponents of the bill argue that legalizing sports betting could lead to an increase in problem gambling and addiction. They also argue that it could lead to corruption in sports, as well as increased pressure on athletes and coaches to perform.

The bill is expected to face further debate and discussion in both chambers of the Missouri Legislature in the coming weeks. If it is ultimately passed into law, it could have a significant impact on the sports betting industry in Missouri and beyond.