The Missouri Senate Appropriations Committee has recently heard two bills that would allow the legalization of sports betting in Missouri. If approved the new bills would allow Missouri residents and visitors to bet on sporting events but lawmakers are divided over the legalization of video lottery terminals. The proposed SB30 bill would legalize sports betting in Missouri while introducing a 10% tax on wagers with no provisions for lottery machines while the SB-1 bill replicates SB30 at 10% tax and addresses the video lottery terminals proposing a 36% tax. SB-1, proposed by Sen. Denny Hoskins is estimated by Hoskins to generate revenues of over $250 million in slot machines. The bill is supported by the Kansas City Chiefs, Kansas City Royals, Kansas City Current, St. […]

Optimism for legal sports betting in North Carolina is growing as new developments have been made for Senate Bill 688, which would ultimately open the doors for sports betting in the Tar Heel State. SB 688 would also allow PGA Tour events and professional sports venues with a capacity of over 17,000  to open retail sportsbooks. A quote from one of SB 688’s sponsors, Sen. Jim Perry, states, “Many North Carolinians bet on sports today, and keeping it illegal in parts of North Carolina unfairly criminalizes an activity that is legal in most other states… Recent studies indicate sports betting would provide over $50 million for important state programs.” There are currently three tribal casinos in North Carolina with legal retail sportsbooks, but the state […]