Missouri Senators are getting ready for an additional sports activities betting push in 2021
Senators in Missouri Don’t waste time letting lawmakers know that sports betting should be legalized 2021.
Three Senators have pre-filed sports betting bills for next year’s session:
- Senator Denny Hoskins filed SB 18
- Senator Tony Luetkemeyer filed SB 217
- Late. Caleb Rowden filed SB 256
That’s half the action Missouri sports betting saw in the 2020 legislature six Invoices submitted.
Missouri will want to respond quickly to sports betting so its potential taxpayer dollars no longer flow out of the state. Sports betting is closed and running in four border states: Arkansas, Illinois, Iowa and Tennessee.
Sports betting legislation in Missouri is not new
It’s no wonder the senators got their bills so quickly after that December 1 Start pre-filing invoices in Missouri. All three invoices are identical to the invoices introduced last year.
That can be both good and bad.
The good thing is that the legislature is already familiar with these proposals. The bad thing, of course, is that none of the bills passed when lawmakers first got a chance.
The coronavirus pandemic also had an impact on it, a sponsor told LSR at the time.
Problems in two of the three bills
Hoskins bill was SB 567 last year. The bill would legalize sports betting online, on casino boats, as well as parlays through lottery retailers.
SB 18 suggests a $ 25,000 Registration fee and $ 50,000 Annual license fee for online sports betting with taxed income 9%.
While the industry would probably love these numbers, many will likely hate the required ones 0.25% integrity fee paid to sports leagues and the official league dates Requirement for in-play betting.
Lütkemeyer’s attempt last year was SB 754 and suggests legalizing sports betting online and in casinos. SB 217 fees $ 10,000 for the application and $ 5,000 for the annual license fee. Income would also be taxed 6.25%.
This looks like a good start again, but it doesn’t tell the full story. Operators have to pay a 0.75% Integrity fee for leagues and use of official league data for in-play betting. It also prohibits prop wagering on University sports.
New sponsor on the best account for the industry
Of the three bills, the one that the industry might like best has a new sponsor.
Rowden’s calculation is identical to HB 2318 last year from MP Phil Christofanelli This legalizes sports betting online and in casinos.
SB 256 suggests an application fee of $ 50,000, an annual license fee of $ 20,000, and a 6.75% Tax rate.