Fantasy sports betting operators could soon be taxed 8 percent on Miss. revenue
January 28, 2017 8:01 AM
by Robert Mann
Fantasy sports betting operators could soon be taxed 8 percent on their Mississippi revenue, the Associated Press reports.
Bills up for consideration in both the House and the Senate establishes the tax and authorizes the Gaming Commission to regulate sports betting operations online or in casinos. The proposed legislation requires operators to undergo a background check, get a state license, and be audited annually. Additionally, they also would have to verify that people placing bets are at least 21.
Mississippi legalized fantasy sports betting last year and created a study group to recommend rules. Those recommendations are in the bills, which passed committees Thursday and are moving to the full House and Senate for additional debate.
Republican Rep. Scott DeLano of Biloxi says the proposed regulations would ensure that fantasy sports betting doesn’t affect the integrity of casino gambling operations.