- Missouri online sports betting bill HB 2502 has advanced passed the Missouri Appropriation Committee.
- The bill now heads to the Senate floor for discussion and eventual vote.
- The 8% tax rate currently set is likely to be increased.
JEFFERSON CITY, Mo. – Lawmakers in Missouri have advanced the online sports betting bill to the main Senate floor during a committee hearing.
The bill, HB 2502 would kickstart the Missouri sports betting market if it passes in the Senate, is identical to the House version, and is subsequently signed by Governor Mike Parson. The bill advancing is a big win as a previous session ended with no vote.
Missouri Sports Betting Advances
The Missouri Appropriations Committee pushed HB 2502 after lawmakers agreed to raise the tax rate and allocate more funds for problem gambling efforts.
The tax rate currently sits at 8% but lawmakers are aiming for something between 8% and 25%. The goal is also for 39 skins for local casinos and sports teams.
The bill will not immediately be voted on once it reaches the Senate, however, as lawmakers will discuss and likely amend the bill in its current state.
The amended bill will then be sent back to the House of Representatives so that both branches can agree on a solid set of rules for legal sports betting.
Even so, this is a major win for the sports betting market in Missouri as the bill is now one step closer to the finish line.
What Is Next?
Missourians will have to continue to wait for the final details of the bill to be done. There is still time, as the session deadline is not until May 30, 2022.
With weeks to deliberate and discuss the rules for sports betting in totality, there is a good chance that lawmakers can get things done in time. Sports betting in Missouri appears to be on the right track to going live in 2022.
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.