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Missouri Casinos and Pro Sports Teams Join Forces

24 january 2022
Author: James Burton
Source: www.yogonet.com
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Last week, the 6 sports teams that reside and play in Missouri have come to a consensus with the state’s casino operators. Both parties voiced their support towards the bill, according to which mobile wagering on sports will be officially allowed at various gambling venues across the state.

Missouri casinos and sports teams support mobile betting

What Is There to Know?

This agreement is the first one in the United States where both operators and athletic teams join their forces to stand together for the bill’s approval. Among the squads that have supported the proposed legislation, there are some prominent basketball, hockey, and football teams, consisting of both male and female athletes.

Under the new agreement, each one of those teams will receive a certain number of skins, starting at one. At the same time, operators will also be eligible for getting brand instances, with their starting number being 3 and capping at 6. The amount they obtain also depends on how many properties they own.

According to this proposition, the percentage of tax money will stand at 10%. Additionally, there will be an authorisation to use official data from the league.

State of Betting Legalisation in Missouri

The officials of Missouri have made attempts to legalise wagering on sports in the past ever since the previous bill that was designed to protect these activities was not accepted in the past.

They are more inspired than ever to pass the legislation in the state. Some of the main reasons for it is the desire to bring revenue to Missouri, as well as minimising illegal gaming activities.

What Do the Bills Propose?

The main goal of Senator Luetkemeyer (who introduced Bill 764) is the approval of wagering on sports activities in casino boats. He is also pushing for the ability of iGambling with geolocation enabled throughout the state.

Another official, Denny Hoskins, is determined to make offline and web betting legal and set the tax percentage at 21%. Also, he is financing the draft law that would lead to significant changes in the lottery activities. Some of these are new establishments that offer drawings-related services and the addition of pull-tabs in their spaces.

The same political activist has earlier proposed the legislation in favour of video lottery extension, and nowadays, his team is anticipating the response from the Senate.

Source: www.yogonet.com
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