Missouri is on the cusp of joining the ranks of states with legal sports betting, as legislation makes its way through the state’s General Assembly. With strong backing from professional sports teams and casinos, the push for legal sports wagering has gained significant momentum. However, the journey has been fraught with challenges, particularly concerning the regulation of video lottery terminals, commonly known as gray machines.
Legislative Progress and Setbacks
Bills to legalize sports betting have successfully passed the Missouri House and are now awaiting final approval in the Senate. The proposed legislation would allow for retail sportsbooks at all 13 riverboat casinos and up to 39 online sports betting platforms. This move could potentially bring Missouri in line with neighboring states that already offer legal online sports betting.
Despite the progress, the path to legalization has been rocky. A major point of contention has been the presence of gray machines in the state. These games, found in bars and convenience stores, operate in a legal gray area and have been a stumbling block in sports betting negotiations. Some lawmakers want to include the regulation and expansion of these machines in the sports betting bill, while others strongly oppose it.
The Role of Professional Sports Teams
Missouri’s professional sports teams, including the St. Louis Cardinals and the Kansas City Chiefs, have been vocal advocates for legal sports betting. They see it as a way to enhance fan engagement and generate new revenue streams. After repeated delays in the legislature, these teams are now considering taking the issue directly to voters with a 2024 ballot initiative.
Economic Implications
The legalization of sports betting in Missouri is not just about fan engagement; it’s also about financial implications. Estimates suggest that legal sports betting could generate around $30 million annually in tax revenue, with funds earmarked for education and problem gambling services. This potential revenue is a compelling argument for proponents of the bills, especially as the state watches residents cross borders to place bets in neighboring states.
The Road Ahead
As the current legislative session approaches its May 13th deadline, the pressure is on for the Senate to act. If the bills pass, online sports betting could be operational by the NFL season kickoff in September. However, if the Senate fails to reach a consensus, the issue may be delayed until at least 2024, either through legislative action or a public vote.
Missouri’s journey toward legal sports betting is a complex one, with economic, regulatory, and social factors all in play. As the debate continues, sports fans and stakeholders alike are watching closely, hoping for a resolution that brings legal sports wagering to the Show-Me State.
