A coalition of professional sports teams in Missouri is backing a new proposal to put the legalization of sports betting on the 2024 ballot.
118-35 in favor of sports betting legislation, but it never received a Senate vote. Similar bills have repeatedly stalled in the Republican-led Senate because of a dispute about whether to pair sports betting with the regulation of slot-machine-style games that have been popping up in convenience stores.
As professional sports teams waited for a resolution on sports betting, lawmakers passed various other high-profile issues, including expanded gun rights and restrictions on transgender health care treatments.Several versions of an initiative petition were filed Friday with Secretary of State Jay Ashcroft’s office, which must approve an initiative summary before supporters can start gathering the roughly 180,000 signatures needed to qualify for the ballot by a May deadline. The proposed constitutional amendment would allow each of Missouri’s professional sports teams and casinos to offer sports betting onsite and through online platforms that could be used anywhere in the state. Some of the different versions would allow up to four online sports betting companies to receive approval to operate directly from the state. The professional sports teams have been in conversations about the Missouri ballot initiative with the Sports Betting Alliance, which consists of BetMGM, DraftKings, FanDuel and Fanatics Sportsbook, said Nathan Click, a spokesperson for the alliance. Under the proposed initiative, Missouri would impose a 10% tax on adjusted gross sports betting revenue, after the payout of winnings and promotional bets to customers. A similar legislative proposal had been estimated earlier this year to generate around $30 million annually when fully implemented. The proposed initiative would allot $5 million to a compulsive gamblers prevention fund, with much of the rest going to K-12 schools and higher education institutions. Nationwide, state funding for problem gambling services has lagged behind recommended levels, with just 38 cents per capita spent in the 2022 fiscal year. But the most recent states to launch sports gambling all required at least a portion of the revenue to go towardMissouri’s sports betting proposal is not the only prominent issue drawing attention from petitioners. Various ballot proposals also have been filed to relax Missouri’s prohibition on most abortions. The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.
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