A coalition of professional sports teams in Missouri is backing a new proposal to put the legalization of sports betting on the 2024 ballot.
118-35 in favor of sports betting legislation, but it never received a Senate vote. Similar bills have repeatedly stalled in the Republican-led Senate because of a dispute about whether to pair sports betting with the regulation of slot-machine-style games that have been popping up in convenience stores.
The proposed constitutional amendment would allow each of Missouri’s professional sports teams and casinos to offer sports betting onsite and through online platforms that could be used anywhere in the state. Some of the different versions would allow up to four online sports betting companies to receive approval to operate directly from the state.
Under the proposed initiative, Missouri would impose a 10% tax on adjusted gross sports betting revenue, after the payout of winnings and promotional bets to customers. A similar legislative proposal had been estimated earlier this year to generate around $30 million annually when fully implemented.
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