Mississippi House of Representatives Approves Sweeping Online Sports Betting Bill

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  • The Mississippi House approved an online sports betting measure by a 97-14 vote
  • The measure legalizes online sports betting extracurricular of casinos spot successful Mississippi
  • All 26 authorities casinos will beryllium capable to partner pinch an online sports betting operator

Perhaps seeing nan activity of impending sports betting authorities successful neighboring states, nan Mississippi House of Representatives convincingly approved a measure to grow online sports betting successful nan Magnolia State.

The House approved Sen. Casey Eure’s (HB 774) Mississippi Mobile Sports Wagering Act by a 97-14 vote, easy surpassing nan basal two-thirds majority. It now heads to nan Mississippi Senate.

The measure allows each of nan 26 Mississippi casinos to partner pinch a sports betting institution to connection online sports betting passim nan state. Currently, online sports betting is only ineligible while connected casino property.

Mississippi Bridges and Roads to Benefit from Revenue

Eure submitted an amended type of his measure to nan House this afternoon, which now dedicates each online sports betting taxation gross into nan state’s emergency roadworthy and span repair fund.

I’ve heard your concerns, and we consciousness this will use everyone successful this enclosure and each Mississippians to divert each 12% to nan roadworthy and bridges fund,” he said. 

The measure includes a gradual taxation strategy for adjusted sports betting gross arsenic follows:

  • 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

Each usability will besides person to salary an further 4% successful gross gross into nan roadworthy and span repair fund. Operators would person to salary a maximum of 12% successful adjusted gross gross to nan authorities depending connected their gross each month. Based connected fiscal estimates, Eure said nan authorities could spot yearly sports betting taxation revenues anyplace from $25 cardinal to $35 cardinal each year.

“We could moreover deed $50 cardinal if you look astatine what nan lottery did,” he said.

A projected amendment that suggested utilizing geolocation exertion to find wherever each stake was placed and dedicate those taxation revenues to that circumstantial region was tabled by a wide margin.

There are presently 26 commercialized dockside and land-based casinos successful Mississippi. Under this bill, each would beryllium eligible to partner pinch 1 sports betting institution to connection online sports betting successful nan state. However, location are nary limits to really galore casinos each sports betting usability tin partner with. So, successful theory, you could person conscionable a fistful of sports betting operators partnering pinch each of nan casinos successful nan state.

Keeping Mississippi Competitive

Prior to nan House vote, Eure told his colleagues to support a adjacent oculus to bordering states and their caller sports betting authorities moves.

Georgia’s Senate, he noted, approved a sports betting bill this greeting and Alabama will beryllium introducing a broad gaming package successful nan adjacent respective weeks.

“All I’m doing is trying to do is springiness different merchandise to our casinos manufacture successful our authorities to enactment competitive. I consciousness for illustration that’s what we’re doing. If you look astatine surrounding states, spot what happened successful Georgia, we request to support this successful mind to support Mississippi moving forward,” he said.

Eure’s measure is not nan only sports betting measure that nan House whitethorn consider. Last week, Rep. Cedric Burnett (D-9) introduced bill HB 271 to nan House, which features a akin gradual taxation complaint to Eure’s bill. Burnett’s measure is presently awaiting a proceeding pinch nan Gaming Committee.

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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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