The House Committee on Emerging Issues in Missouri has unanimously approved an amended proposal to legalize sports betting in the state. The bills, HB 556 and HB 581 propose legalizing retail and online sports betting for casinos and professional sports franchises.
The amendments addressed player concerns and passed without further debate or discussion. If passed, the proposed legislation could bring in millions of dollars in additional revenue to fund the state’s priorities.
Missouri currently loses revenue to neighboring states that have already legalized sports betting. The proposed bills build on previous sessions, with HB 556 similar to a 2022 mobile sports betting bill that nearly passed. The bills would raise the tax revenue from 8% to 10% and prohibit prop bets on individual performances by college athletes. Representatives from the Chiefs, Royals, KC Current, St. Louis Blues, St. Louis City SC, and St. Louis Cardinals support the proposed bills.
With almost $1 billion in potential sports betting revenue over the first four years, legalized sports gambling is a key issue with many of Missouri’s constituents.