First Mississippi Online Sports Betting Bill Introduced for Session

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  • A Mississippi online sports betting measure was introduced past week
  • The authorities would let gaming licence holders to connection online sports betting
  • License holders would beryllium capable to partner pinch sports betting operators

The first Mississippi online sports betting bill, and apt not nan past this session, was introduced successful nan Magnolia State past week.

Rep. Cedric Burnett (D-9) introduced measure HB 271 to nan House of Representatives past week. The bill, which will legalize online sports betting for gaming licence holders, was referred to nan House gaming and appropriations committees.

Online sports betting is technically ineligible successful nan state, but is only disposable connected properties of licensed casinos.

Mississippi’s Online Sports Betting Push Begins

This was nan first Mississippi online sports betting measure to beryllium introduced during nan session, which began earlier this month. Burnett’s measure will let casinos and “licensed gaming establishments” to connection online sports betting either done their ain level aliases done a business pinch a sports betting operator, specified arsenic DraftKings or FanDuel.

There are presently 28 commercialized dockside and land-based casinos successful Mississippi. Under this bill, each of these casinos would beryllium eligible to connection online sports betting passim nan state. Retail sports betting has been ineligible successful Mississippi since August 2018.

The measure features an absorbing gradual taxation complaint exemplary that will beryllium based connected monthly gross sports betting gross brought successful by licensed holders. Here are nan pursuing rates per monthly gross sports betting revenue, according to nan legislation:

  • 4% of gross gross not surpassing $50,000 per month
  • 6% of gross gross that surpasses $50,000, but does not surpass $134,000 per month
  • 8% of gross gross that surpasses $134,000 per month

If nan measure is approved, it will spell into effect connected July 1, 2024, giving Mississippi regulators a fistful of months to bring online sports betting disconnected nan crushed anterior to nan commencement of NFL and assemblage shot in  September.

This will apt not beryllium nan only measure introduced to nan authorities legislature. Rep. Casey Eure (R) revealed astatine nan state’s first sports task unit meeting successful October that he will beryllium introducing an online sports betting measure this session. Eure introduced an online sports betting measure past year, HB 606, which was amended and passed to simply create nan Mississippi mobile-sports betting task unit to analyse nan effect of online sports betting connected nan state.

Mississippi Sports Betting Task Force Estimates Millions successful Revenue

A 13-member Mississippi Sports Betting Task Force met 3 times astatine nan extremity of 2023 to research nan anticipation of online sports betting legalization successful nan state. The task forced heard nationalist remark from section casino owners, sports betting operators, and politicians complete nan people of its 3 meetings.

At nan extremity of December, nan task unit revealed its 95-page report, estimating nan authorities could spot upwards of $27.1 cardinal successful taxation gross by FY 2029.

The 13-member task forced presented respective imaginable gross models if online sports betting were to beryllium legalized this year. Mississippi presently institutes an 8% taxation complaint connected unit sports betting gross gross totals. The task unit estimated that an 8% taxation connected gross online sports revenue, which is nan top-tier complaint successful Burnett’s bill, would summation sports betting taxation revenues from $5.1 cardinal successful FY 2025 to $12.6 cardinal successful FY 2029.

Not each members of nan task unit were connected committee pinch nan thought of online sports betting legalization. Several members of nan task force, peculiarly those associated pinch unit casinos, expressed concerns  that online sports betting will harm their business.

Michael Bruffey, task unit typical for Island View Casino Resort, wrote that stand-alone Mississippi casino operators person concerns complete online gaming and “large corporations based extracurricular of Mississippi assertion positions successful favour of online gaming.”

“The Mississippi gaming marketplace operates connected debased margins. Anything that will trim aliases lessen our revenues will harm our businesses and it will harm Mississippi. To authorities it succinctly, statewide online sports betting will trim our revenue, it will trim jobs, and it will harm Mississippi,” he wrote.

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Robert Linnehan

Gambling Regulatory Writer and Editor

Regulatory Writer and Editor

Rob covers each regulatory developments successful online gambling. He specializes successful US sports betting news on pinch casino regularisation news arsenic 1 of nan astir trusted sources successful nan country.

Gambling

Rob covers each regulatory developments successful online gambling. He specializes successful US sports betting news on pinch casino regularisation news arsenic 1 of nan astir trusted sources successful nan country.

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