{"id":1076,"date":"2024-01-24T12:15:06","date_gmt":"2024-01-24T09:15:06","guid":{"rendered":"https:\/\/xxbet-company.com\/missouri-committee-to-consider-sports-wagering-bill\/"},"modified":"2024-01-24T12:15:06","modified_gmt":"2024-01-24T09:15:06","slug":"missouri-committee-to-consider-sports-wagering-bill","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/de\/missouri-committee-to-consider-sports-wagering-bill\/","title":{"rendered":"Missouri Committee to Consider Sports Wagering Bill"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Inhaltsverzeichnis<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/de\/missouri-committee-to-consider-sports-wagering-bill\/#New_Analysis\" title=\"New Analysis\u00a0\">New Analysis\u00a0<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/de\/missouri-committee-to-consider-sports-wagering-bill\/#Compulsive_Gambling_Fund_Increase\" title=\"Compulsive Gambling Fund Increase\">Compulsive Gambling Fund Increase<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/xxbet-company.com\/de\/missouri-committee-to-consider-sports-wagering-bill\/#Prospects_Murky\" title=\"Prospects Murky\">Prospects Murky<\/a><\/li><\/ul><\/nav><\/div>\n<p>A proposed bill to legalize sports wagering in Missouri will begin winding its way through the state legislature this week.<\/p>\n<figure aria-describedby=\"caption-attachment-307592\" data-style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" fetchpriority=\"high\" class=\"wp-image-307592 size-post-thumbnail-858xAUTO\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/8879102449_5fb4653071_b-858x644.jpg\" alt=\"Highway sign welcomes visitors to Missouri.\" width=\"858\" height=\"644\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/8879102449_5fb4653071_b-858x644.jpg 858w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/8879102449_5fb4653071_b-430x323.jpg 430w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/8879102449_5fb4653071_b.jpg 1024w\" sizes=\"(max-width: 858px) 100vw, 858px\" title=\"\"><figcaption class=\"text-description\">A highway sign welcomes visitors to Missouri. A state legislative committee this week will begin considering legislation to legalize sports betting. (Image: Creative Commons.)<\/figcaption><\/figure>\n<p>On Tuesday, the Missouri House Special Committee on Public Policy will convene a hearing on the legislation, <a href=\"https:\/\/house.mo.gov\/Bill.aspx?bill=HB2331&#038;year=2024&#038;code=R\" rel=\"nofollow noopener\" target=\"_blank\">HB 2331<\/a>, sponsored by Rep. Dan Houx (R-Warrensburg).<\/p>\n<p>The legislation is one of several ongoing efforts to bring sports wagering to Missouri, one of just a dozen states where it remains illegal. The bill would allow the Show Me State\u2019s 13 riverboat casinos to begin accepting sports bets and mobile sportsbook operators to begin accepting bets placed by internet users in the state.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"New_Analysis\"><\/span><b>New Analysis\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ahead of the hearing, legislative researchers on Monday released a <a href=\"https:\/\/documents.house.mo.gov\/billtracking\/bills241\/fiscal\/fispdf\/3497H.01I.ORG.pdf\" rel=\"nofollow noopener\" target=\"_blank\">detailed fiscal analysis<\/a> of the proposal. If passed and fully implemented, legal sports betting would generate about $7 million in new education funding in its first year, rising to $35 million by 2029, according to the analysis.<\/p>\n<p><strong>The bill would tax sportsbooks\u2019 adjusted gross receipts at 10%, allowing operators to deduct promotional bets from that calculation. The tax deduction for promotional bets would phase out over four years.<\/strong><\/p>\n<p>State officials expect 24 applicants for sports wagering licenses, including 13 riverboat casinos, eight mobile sportsbook operators, and three licensees affiliated with professional sports districts.<\/p>\n<p>Applications for sportsbook licenses come with a $100K up-front application fee and require operators to submit a responsible gambling plan.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Compulsive_Gambling_Fund_Increase\"><\/span><b>Compulsive Gambling Fund Increase<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The bill also includes several provisions requiring operators and regulators to address anticipated problems with compulsive gambling. The Missouri Gaming Commission and Department of Mental Health are required to develop a report on the \u201cneuroscience, psychology, sociology, epidemiology, and etiology of compulsive gambling.\u201d<\/p>\n<div class=\"callout\">\n<p>Regulators expect to retain an outside contractor to conduct the research at an anticipated cost of $500K. The first report is due at the end of 2025, with additional reports due every three years. It is unclear whether the research costs will come from the Gaming Commission\u2019s regular budget or the Compulsive Gamblers Fund, according to the analysis.<\/p>\n<\/div>\n<p>The state Department of Mental Health says it would need 25 new compulsive gambling counselors next year, up from seven currently certified treatment providers. Costs to the agency would exceed $227K in the next fiscal year and remain similarly high for the following three years.<\/p>\n<p>The bill would require an annual $500K contribution to the state Compulsive Gamblers Fund, subject to legislative appropriations. That would be a significant increase from recent years. For Fiscal 2025, the <a href=\"https:\/\/oa.mo.gov\/sites\/default\/files\/FY_2025_Department_of_Mental_Health_Budget_Request.pdf\" rel=\"nofollow noopener\" target=\"_blank\">Department of Mental Health is requesting<\/a> about $153K for the fund. As of December 31, the fund had a balance of $102,884, according to the legislative analysis.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Prospects_Murky\"><\/span><b>Prospects Murky<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While sports betting has previously <a href=\"https:\/\/www.casino.org\/news\/missouri-sports-betting-bill-gains-house-approval\/\" rel=\"nofollow noopener\" target=\"_blank\">sailed through<\/a> the Missouri House and may do so again this year, the chances of the bill ultimately becoming law rest on the other side of the state Capitol, where similar bills have <a href=\"https:\/\/www.casino.org\/news\/missouri-sports-betting-obstructionist-again-blocks-senate-vote\/\" rel=\"nofollow noopener\" target=\"_blank\">stalled in recent years<\/a>. Still, state senators are trying again.<\/p>\n<p><strong>Sen. Tony Luetkemeyer (R-Buchanan) earlier this month filed<a href=\"https:\/\/senate.mo.gov\/24info\/BTS_Web\/Bill.aspx?SessionType=R&#038;BillID=444\" rel=\"nofollow noopener\" target=\"_blank\"> SB852<\/a>, which would take a similar approach to legalizing sports betting in the state, although it would tax sportsbooks at a higher 12% rate.<\/strong><\/p>\n<p>Meanwhile, Missouri\u2019s professional sports teams, including the St. Louis Cardinals, are pushing for a <a href=\"https:\/\/www.casino.org\/news\/missouri-sports-betting-ballot-language-clears-key-hurdle\/\" rel=\"nofollow noopener\" target=\"_blank\">ballot measure<\/a> that would let voters decide the fate of sports wagering in the state.<\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/missouri-committee-to-consider-sports-wagering-bill\/\" rel=\"nofollow noopener\" target=\"_blank\">Missouri Committee to Consider Sports Wagering Bill<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\" rel=\"nofollow noopener\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>A proposed bill to legalize sports wagering in Missouri will begin winding its way through the state legislature this week. A highway sign welcomes visitors to Missouri. A state legislative committee this week will begin considering legislation to legalize sports betting. (Image: Creative Commons.) On Tuesday, the Missouri House Special Committee on Public Policy will <a href=\"https:\/\/xxbet-company.com\/de\/missouri-committee-to-consider-sports-wagering-bill\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":1077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/posts\/1076"}],"collection":[{"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/comments?post=1076"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/posts\/1076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/media\/1077"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/media?parent=1076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/categories?post=1076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/tags?post=1076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}