In a significant development for sports betting enthusiasts, the Mississippi Senate committee has taken a crucial step by keeping the online sports betting bill, HB 774, alive. This move marks a pivotal moment in the state’s journey towards expanding its sports betting framework beyond the current brick-and-mortar casino operations. The Committee Chairman, David Blount, highlighted the ongoing discussions aimed at reaching a consensus on the bill, viewing these talks positively. This advancement is a beacon of hope for proponents of online sports betting in Mississippi, signaling potential growth and diversification in the state’s gambling offerings.
Legislative Journey of HB 774
The journey of HB 774 through the legislative process has been closely watched by stakeholders and enthusiasts alike. After passing the House on February 1, the bill was transmitted to the Senate on February 5 and assigned to the gaming committee on February 27. The committee’s decision to adopt a strike-all bill, updating HB 774 with codes used in the house without altering its text, has kept the online sports betting bill active and in contention. With the state legislature in session until May 5, the full Senate now has until next Thursday, April 11, to act on any non-revenue bills that originated in the House. This timeline sets the stage for a critical period in determining the future of online sports betting in Mississippi.
Mississippi’s Sports Betting Landscape
Since the Professional and Amateur Sports Protection Act was struck down in May 2018, Mississippi was among the first states to allow sports betting. However, the state has faced an impasse regarding the expansion of sports betting to include digital platforms. Currently, bettors can place wagers at physical sportsbooks, with some facilities offering on-site mobile wagering within casino resort properties. Despite bipartisan support in the House, efforts to legalize online betting have encountered obstacles, failing multiple times. The latest proposal aims to grant 26 licenses tethered to the state’s commercial casinos, with a maximum tax set at 12%.
Comparative Landscape and Revenue Potential
Since August 1, 2018, when Mississippi began accepting bets, neighboring states such as Arkansas, Louisiana, and Tennessee have moved forward by legalizing betting and offering statewide digital platforms. This regional shift underscores the potential revenue and competitive advantages that online sports betting could bring to Mississippi. The bill’s author, Republican Casey Eure, estimates that online sports betting could generate $25 million to $35 million in revenue for the first year from a 12% tax on sports wagers. This revenue would benefit local municipalities and the state, highlighting the economic incentives behind the push for legalization.
Next Steps and Future Prospects
As HB 774 progresses through the Senate, the future of online sports betting in Mississippi hangs in the balance. The bill’s advancement represents a critical step towards modernizing the state’s sports betting offerings and aligning with the digital age. With the legislative session nearing its end, stakeholders are closely monitoring the developments, hopeful for a positive outcome. The potential legalization of online sports betting in Mississippi could significantly impact the state’s gambling landscape, offering new opportunities for growth, competition, and revenue generation.
In conclusion, the advancement of the online sports betting bill in Mississippi’s Senate committee signals a potential shift in the state’s approach to sports betting. As discussions continue and the legislative process unfolds, the prospect of online sports betting in Mississippi draws closer, promising to reshape the gambling experience for bettors and contribute to the state’s economic growth.
