Century Casinos Partners with BetMGM for Missouri Sports Betting Launch
CAPE GIRARDEAU, Mo. (KBSI) — Century Casinos has announced a partnership with BetMGM, paving the way for online sports betting in Missouri by the end of the year, contingent on state regulatory approval. This development coincides with the anticipated launch of legal sports betting in December 2023, following a voter-approved law in November 2022.
Under this agreement, BetMGM will utilize Century’s gaming license, but lingering questions about the implementation and regulation of sports betting in the state remain. The legislation imposes a 10% tax on sports betting revenue, designated for educational funding after covering administrative expenses and contributions to the Compulsive Gambling Prevention Fund.
As residents prepare for the upcoming launch, opinions are mixed. Some express excitement over the convenience of live betting from home. “I’m looking forward to live betting in comfort,” said local resident Brent. However, others voice concerns regarding the risks associated with gambling addiction and financial implications. DeeDee highlighted fears about “debt accumulation”, while Georgia emphasized the importance of ensuring that gambling revenues genuinely support educational initiatives, stating, “It’ll be interesting to see the outcome of that.”
Despite the enthusiastic responses, many are cautious about the potential impacts of sports betting, particularly regarding responsible gambling practices and regulatory oversight. The Missouri Gaming Commission is expected to begin reviewing final licenses and regulations soon, an essential step before residents can engage in this new form of entertainment. The outcome will significantly shape the future of sports betting in the state.
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