- Both HB2502 and HB 2556 were pushed through in Missouri to allow sports betting.
- The bills will allow for 39 online sportsbooks and 13 retail locations.
KANSAS CITY, Mo. – It is a great day to be a Missouri resident as the Missouri House pushed through two bills that will allow for both retail and online sports betting to take place in the state.
Legal sports betting has been a topic of conversation in Missouri since 2018 when PASPA was overturned and allowed states to begin regulating it. However, no real traction has come to life on any bills until now.
Both HB 2556 and HB 2502 will allow for all 13 of the states retail casinos to offer sportsbook locations. Also, there will be 39 permitted online sports betting skins up for grabs. This was all made possible after the House Committee voted 4-2 on March 2, 2022, in favor of passing the bills.
Included In The Bill
One aspect of sports betting that is going to be prohibited with these bills is betting on high school sports. Other than that, there are no other major restrictions.
The tax rate for Missouri sports betting is going to be set at 10%, however, that number could go even higher to 15-20% being that that is where some neighboring states have their rates at.
One of the biggest positives of the two bills is that they will have funds that go directly towards problem gambling. If granted a sports betting license, it would require an annual commitment of $500,000 or more that would go towards problem gambling.
Now that the bills have gone through the House Committee, the final steps would be the votes from the House of Representatives and the State Senate in order for it to be finalized.
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Samuel has been writing professionally for 4 years. He comes from a sports writing background where he enjoys writing mostly about basketball and football both professional and collegiate. He is a recent graduate of Florida State University where he majored in Editing, Writing and Media with a minor in Communications. During his free time, you can find him watching or playing sports as well as playing videogames and listening to music.