When the Kansas City Chiefs play their opening game of the 2022 season, it would be possible for fans watching in the stands to wager on who will win the game. A sports betting brand thinks that Missouri sports betting will become legal soon.
However, supporters of sports betting need to overcome opposition from supporters of video lottery machines. The latter promises higher revenue to the state. Also, they said that sports betting would only bring profits to casinos but nothing for the communities.
According to betting software development experts, a bill to legalize sports betting is making a beeline for the House floor for debate after a committee vote Tuesday. In addition, the Senate Appropriations will hold public hearings for three different bills legitimizing sports betting.
Legal Missouri Sports Betting
The financial notes gauge Missourians will bet about $150 million yearly on games. Also, it would bring around $13 million to $15 million annually. About $1.3 million will go to urban communities with one of the 13 authorized casinos. In addition, the rest would go to state schooling programs.
Be that as it may, the bills give no income to urban areas and regions when bettors make bets in networks without a casino.
According to sports betting software reports, lawmakers are thinking of several ideas, including one cent per bet or $1 a day. The state would disperse the fund to communities where the bet is made.
An official summarized the proposal by saying that communities don’t want a piece of the pie. Instead, they want some crumbs.
The House bill moving to the floor and two Senate bills are almost indistinguishable. However, the third Senate bill, supported by Sen. Deny Hoskins, has many similar components. Also, it has a higher expense rate and a job for the Missouri lottery.