Mississippi Moves One Step Closer to Legalizing Online Sports Betting After House Passes Bill

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Mississippi flag

The Mississippi House has passed a measure to legalize online sports betting successful nan state. [Image: Shutterstock.com]

One measurement closer

The Mississippi House of Representatives has passed a measure that would legalize online sports betting successful nan state.

Should it make it done nan Senate, it will walk into rule July 1, 2024

If approved, nan authorities would put Mississippi among nan 29 different states that already licence mobile sports betting. The Mississippi Mobile Sports Wagering Act passed nan GOP-controlled House 97-14. It will now caput to nan authorities Senate for consideration. Should it make it done nan Senate, it will walk into rule July 1, 2024.

Despite sports wagering being ineligible successful Mississippi since 2018, online betting has remained illegal. However, according to nan bill’s main sponsor Republican Representative Casey Eure, nan authorities could use greatly from online sports betting to nan tune of up to $35m a twelvemonth successful taxation revenue.

Eure believes it would limit nan number of forbidden bets too. He stated that, successful 2023, $64bn was gambled connected forbidden sports bets crossed nan US. “Mississippi makes up 5% of that market, which is $3bn,” he explained.

What’s successful nan bill?

The House connection requires online gaming platforms specified arsenic FanDuel aliases DraftKings to partner pinch a casino successful nan authorities earlier permitting customers to stake online. However, while nan measure limits casinos to only partnering pinch 1 platform, respective Mississippi casinos tin activity pinch nan aforesaid platform.

In Mississippi, location are 26 casinos and astir 30 sportsbooks, according to Eure.

there will beryllium nary inducement for platforms to partner pinch mini casinos

While this will whitethorn beryllium a bully woody for some, location are concerns that smaller casinos will miss out. House Democratic Leader Robert Johnson said location will beryllium nary inducement for platforms to partner pinch mini casinos, meaning nan money will spell to nan state’s already-popular casinos on nan Mississippi Gulf Coast.

He projected that casinos wrong 40 miles of placed mobile bets should sorb immoderate of nan profit; however, his efforts were defeated by Republicans.

Tax revenue

As they passed nan bill, nan House besides amended wherever nan gross goes.

all 12% would beryllium directed to a authorities emergency fund

Initially, nan 12% taxation connected sports bets was split, pinch 4% of gross to nan region wherever nan casino is located and 8% to nan state. In nan amendment, each 12% would beryllium directed to a authorities emergency money for repairing roads and bridges.

With a batch riding connected nan occurrence of this bill, Eure is actively talking pinch Senate leaders to get it complete nan line.

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