As football season gears up, Missouri is facing the potential loss of millions of dollars due to the lack of legal sports betting in the state. With neighboring states like Illinois and Iowa allowing sports wagering, Missouri is at a disadvantage when it comes to attracting sports bettors.
According to a report by WGEM, Missouri is missing out on a huge economic opportunity by not legalizing sports betting. The revenue generated from sports betting could have a significant impact on the state’s budget, especially during the start of football season, when interest in sports betting is at its peak.
Without legal sports betting, Missouri is losing out on potential tax revenue that could be used to fund various programs and initiatives in the state. In addition, the lack of legal sports betting could drive residents to neighboring states to place their bets, further hurting Missouri’s economy.
As the popularity of sports betting continues to rise, many states have already legalized it to capitalize on the financial benefits. Missouri’s failure to do the same puts the state at a significant disadvantage and could result in millions of dollars in lost revenue.
In order to remain competitive and keep up with neighboring states, Missouri lawmakers are being urged to legalize sports betting as soon as possible. By doing so, the state can tap into this lucrative market and bring in much-needed revenue that can benefit the state’s economy and its residents.
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