The Missouri House has approved a bill outlining the rules and regulations for sports betting in the state, sending it to the Governor for review. The legislation, House Bill 2101, sets out the framework for how sports betting will be conducted in Missouri, including who can offer bets, where bets can be placed, and how to regulate the industry.
Under the proposed rules, only existing casinos in the state would be eligible to offer sports betting. This would limit the number of operators in Missouri and give established casino operators a head start in the market. The bill also includes provisions for online and mobile betting, as well as in-person wagering at casinos and other approved locations.
The legislation sets a tax rate of 9% on sports betting revenue, with the proceeds going towards education funding. This tax rate is in line with other states that have legalized sports betting and should help generate significant revenue for the state.
The bill also includes measures to prevent problem gambling, such as a self-exclusion program for individuals who want to opt out of betting. There are also strict regulations in place to ensure the integrity of sports betting, including prohibiting bets on college sporting events involving Missouri teams.
Overall, the bill is seen as a positive step towards legalizing sports betting in Missouri. It provides a clear framework for how the industry will be regulated, protects consumers, and generates revenue for education. With the Governor’s review pending, it is expected that sports betting could soon become a reality in the state, providing a new and exciting form of entertainment for residents.
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