• Sports Betting

    Legalize Sports Betting in Missouri – What a Longshot Idea

    sports betting

    Legalize Sports Betting in Missouri – What a Longshot Idea

    Sports betting is legal in Missouri. Two separate state legislators recently introduced an initiative to allow sports betting. If passed, it would still need 2/3 support in the legislature. If the legislature passes the bill, it will become law in late August. It will be one of the first sports betting topics up for debate in the Missouri legislature.

    Sen. Jimigue Bailey (D-St. Louis) has introduced legislation to start a lottery through the state lottery commission. The proposed amendment to the Senate Bill 725 would increase lottery funding by creating a lottery premium based on population size and sales tax revenues. The amendment also includes a provision that allows the lottery to accept electronic money. Although, it is unclear at this time how the Senate will move forward with the bill.

    Missourians to vote twice for governor every term. In the upcoming election, voters will choose between incumbent governor, John Adams for a second term, and Attorney General Eric Holder for a third term as governor. As a voter, if I didn’t know anything about sports betting before the election, I might ask my fellow citizens what they were thinking. They may have told me that they didn’t care either way. It doesn’t make sense to take the chance on a race where the favorites are well favored. This is why the stakes for the upcoming midterm elections in Missouri are so high.

    In September of 2021, the first official sports betting season will kick off. The legislature is expected to pass a constitutional amendment in November that will certify a winner in the upcoming midterm elections. If the amendment is passed, it will be the first major step toward legalizing sports betting in Missouri. Whether the measure passes or is shot down, remains to be seen.

    Another bill that makes its way through the Missouri State Capitol would legalize sports betting by amending the Missouri Constitution. Proponents of the amendment claim that it will protect against corruption in state government. Opponents argue that the new royalty fees or license fees would be a backdoor way to collecting money from residents of the state to support the Board of Equalization and their own campaign coffers. Although no one is quite sure what the outcome of this bill will be, there is speculation that the Senate might pass it as early as this week.

    In June of 2021, another piece of proposed legislation was introduced to legalize sports betting in Missouri. This time, the sponsor of the legislation is Sen. Bob Kerkorian (R-BO) of St. Louis. Kerkorian hopes to introduce legislation in the coming session that would provide funds for college sports programs, he says. He has already introduced a similar piece of legislation in the Missouri House.

    One other bill that could be considered for the 2021 ballot initiative is a proposal to legalize sports betting in Missouri through a voter measure. This bill, authored by Democratic lawmakers, would require each candidate for the state lottery position to submit signatures requesting they receive election access to the lottery. If the bill becomes law, the winner of the state lottery will receive public funding equivalent to the amount of the pot premium charged by the lottery. If the voters approve the ballot measure, the lottery could start offering more lucrative prizes to regular players.

    The House and Senate voted along party lines to pass S.B. 14, which now moves to the governor for his signature. A final vote on the bill is expected in the coming days. Should it become law, the Missouri State Board of Equalization will determine who will fund the state lottery when the S.B. 14 takes effect.

  • Sports Betting

    Recent Bills on Sports Betting at Tribal Casinos

    sports betting

    Recent Bills on Sports Betting at Tribal Casinos

    Sport betting can be taken place on a variety of legal sports betting markets including sportsbooks, casinos, soccer odds, NCAA and other athletic books. Live legal betting refers to states in which betting on live, single-game sports is legal only to users through online and retail sportsbooks. States classified as Legal, Not Yet Operational have legalized sports betting, but are yet to open an internet presence. Some Legal states still prohibit gambling on sports, however, some have legalized sports betting. Not all Legal states have legalized sports betting.

    There is a bill currently in the state Legislature that would legalize sports wagering in the state of Columbia. The bill is being considered in the House of Representatives by Representative David Moran. If passed into the state Senate, it will then need to be sent to the House for concurrence before becoming law. If the bill passes the House and becomes law, the revenue generated by legalized sports wagering would provide the state with additional funding for education and infrastructure projects.

    An initiative has been introduced in the Maryland House of Representatives that would require the General Assembly to enact legislation regarding sports betting. The initiative has been introduced by delegate George Morehouse, chair of the House Government Operations Committee. The proposed legislation would require the General Assembly to enact bills concerning sports betting that are specifically designed to eliminate potential fraud and insincere conduct that may take place at casinos and sports bookings. The House would need two consecutive readings before becoming law. If the House passes the initiative, the revenue generated from legalized sports betting would provide additional funding for the state’s public education system.

    An initiative has been introduced in the California State Legislature that would require the California State Regents to adopt legislation that would legalize sports betting. The bill has been introduced by Assemblyman Das Williams, chair of the State Affairs Committee. If passed into law, the new regulation would eliminate the current ban on sports betting within the state. The Regents would also be required to provide annual reports detailing the costs associated with the ban and the implementation of the new regulated wagering process.

    An initiative has been introduced in the Florida House of Representatives by Representative Carlos Cuevas. The bill is being sponsored by Representative Kathleen Diaz-balart, Chair of the House Business and Professional Regulations Committee. If passed into law, the bill would eliminate the current ban on sports betting at all Florida casinos.

    An initiative has been introduced in the New Jersey State Legislature that seeks to legalize sports betting in the state. The proposal comes in during the State of New Jersey’s session. Governor Chris Christie has also indicated his support of the bill. If the bill is passed into law, it would become the first state in the nation to legalize sports betting. The Governor has also indicated his support for the professional and amateur sports protection act being introduced in the U.S. House of Representatives.

    The National Collegiate Athletic Association has recently introduced a new set of regulations that will be enforced starting in the fall of 2021. This will replace the existing ban that is in place due to the NCAA’s long-standing non-profit status. Two different sets of non-profit associations have been chosen which include the Society of College Athletes, Inc., the Women’s Sports Foundation, and the American Sports Betting Association.

    The proposed Senate Bill 11 turned out to be passed in the state of Tennessee by the House of Representatives but was later rejected in the Senate by a vote of 34 to 2. The House is expected to vote on another bill concerning the future of college football. A final Senate bill regarding the oversight of tribal casinos is currently in committee.