Betting on Missouri riverboats

Betting on Missouri riverboats

February 13, 2019 3:00 AM
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A new bill proposed by Missouri Senator Denny Hoskins will examine the possibility of legalizing sports betting on riverboat casinos.

Moreover, there would be designated boats dedicated specifically to gambling.

As explained in an iGaming & Business report, the bill introduced as ‘SB 44’ “would enable consumers to bet in-person on licensed excursion boats and also online via an interactive platform, with a requirement to first register in-person.”

Some new fees that would incur for gaming facilities would be a 12 percent tax on adjusted gross receipts from sports bet and a 2.5 percent administrative fee tax on betting receipts.

As for licensees, they will be responsible for paying a 0.5 percent administrative fee per quarter to the Commission “in order to support sporting facilities in the state.” The fee will be based on “the gross amount wagered on sports events.”

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