MO State Senate Closer to a Compromise on Sports Betting
May 6, 2022
The Missouri Senate continues to address sports betting and are coming closer to a compromise that has the support of the casino industry and key Senators.
Earlier this week draft of “compromise bills” were floated that excluded VLTs, but included a 15% tax rate, substantially increased license fees, the ability of the state lottery to offer sports parlay (retail). The casinos have not signed off on this and parties are working on alternative language.
iDEA continues to speak to lawmakers about the proposals being floated as compromise. We are arguing to bring down the license fee renewals as well as provide some level of promo deductions.