It is the fourth-consecutive year sports betting legislation will be considered in the state

Three sports betting bills introduced in Missouri for 2021 session

State Sens. Denny Hoskins said he expects the bills to morph into one that needs to be approved to capture revenues being generated by state residents sports betting on platforms that pay taxes to other states. 
2020-12-11
Reading time 2:10 min
State Sens. Denny Hoskins, Tony Luetkemeyer and Caleb Rowden have pre-filed similar bills to legalize sports betting, with different application fees and tax rates. There are also three pre-filed 2021 bills to legalize VLTs.

Three proposals to legalize sports betting have been pre-filed for Missouri’s 2021 legislative session, which begins January 6.

State Sens. Denny Hoskins, Tony Luetkemeyer and Caleb Rowden have pre-filed similar legislation calling on lawmakers to authorize sports betting in Missouri, as reported by The Center Square.

The state allows bingo gaming, riverboat casinos and online gambling. Gaming taxes and fees are the state’s fifth-largest source of revenue, placing it ninth in the nation for gaming revenue, according to the Missouri Gaming Association (MGA), which notes Missouri casinos employed almost 20,000 people who earned $884 million in 2018. The American Gaming Association (AGA) estimated Missouri’s 13 riverboat casinos contributed more than $550 million in gaming revenue for local and state government in 2018. Four states – Virginia, North Carolina, Tennessee, Washington – passed 2020 bills legalizing sports betting that go into effect in 2021.

After bills failed in 2019, Hoskins and Luetkemeyer filed legislation to legalize sports betting during the 2020 session. Both bills made it through one committee hearing each before rising COVID-19 cases forced the Legislature to adjourn early. During the 2020 session, Hoskins argued the state could collect between $12.5 and $30.9 million in annual revenues if it legalized sports betting. He told Gambling News Wednesday those revenues are now estimated to be $37 million to $50 million. 

Hoskins’ Senate Bill 18 would require operators to pay a $25,000 application fee, a 9% tax rate and a $50,000 annual licensing fee. The Missouri Gaming Commission (MGC) would receive $10,000 from license holders every five years.

Luetkemeyer’s SB 217 would assess a $10,000 application fee, 6.25% tax rate and $5,000 annual fee with $10,000 for the MGC every five years.

Under Rowden’s SB 256, operators would pay $50,000 in application fees, an annual $20,000 operational fee and a 6.5% tax rate.

Hoskins told the Missouri Times he expects the bills to morph into one that needs to be approved to capture revenues being generated by state residents sports betting on platforms that pay taxes to other states. “All of these bills are starting points. I’m open to negotiations and compromise,” Hoskins said. “Obviously there’s a sweet spot where taxes and fees are most reasonable and profitable, and we’re all trying to get them there.” 

For the fifth straight session, Hoskins has also introduced legislation to legalize video lottery machines, pre-filing SB 19, his long-proposed Missouri Video Lottery Control Act. The bill would legalize video lottery terminals (VLTs) in bars and veteran/fraternal organizations and allow the state to issue VLT licenses to manufacturers, distributors, retailers and businesses.

Under SB 19, the Missouri Lottery Commission would assess a $200 annual fee for each VLT in addition to licensing fees. At least two other pre-filed 2021 bills also seek to legalize VLTs.

Hoskins told the Missouri Times the fifth time might be the charm for his Missouri Video Lottery Control Act as businesses seek ways to generate profits and governments struggle to develop new tax revenue streams. “Businesses are looking for additional revenue, especially with the pandemic affecting everything the way it is,” he said. “VLTs have a high upside as far as increased revenue is concerned."

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Condiciones de uso and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR