Proposed by Senator Denny Hoskins, the bill, currently titled SB 44, requires bettors to first register an account in person at the gaming facility to enable their bets.
Application fees for operator licenses would be set at $10,000 should the bill pass, with a renewal fee of $5,000.
The legislation would impose a 12% tax on gross receipts received from wagers on sporting events and an administrative fee at a rate of 2.5%. The Veteran’s Commission Capital Improvement Trust Fund would receive 80% of the administrative fee.
Included in the bill are provisions to allow individuals to restrict themselves from betting with an operator.
Further measures require background checks on operators’ staff and prohibiting staff members from betting.
The Missouri Gaming Commission would assume responsibility for regulating all sports betting activities and would investigate abnormal betting activity, match fixing and any other possible corruption.
Should the bill be passed into law, it will become effective on 28 August.
