Last updated on February 13th, 2025 at 09:35 am
It’s almost crunch time for Missourians as they will be heading to the ballot in November to vote. Amongst the usual voting options, one of them will be whether to legalize sports betting or not within the state. According to the latest poll, the majority of Voters Support Sports Betting in Missouri.
According to the poll by Emerson Collee and the Hill, 52% of voters support legal sports betting. In addition, it shows that 25% of Missourians actually oppose of the ballot while 22% of them are unsure about it.
Voters Support Sports Betting in Missouri – a 2% Increase over the Previous Poll
It’s been a long journey for proponent of legal sports wagering in Missouri. The quest to legalize sports betting in MO began back in 2018. However, nothing ever came from it despite several the bill coming to both houses for a vote by lawmakers.
Thus, earlier this year, a coalition of Missouri’s major sports franchise began a campaign to legalize sports betting. The campaign was known as “Winning for Missouri Education” and they got over 370,000 signatures in order for the issue to be put on the ballot in November. Now, their efforts are starting to bring results and with luck, it will become the law in November.
In earlier polls, 50% of voters were in favor of legalizing sports gambling in Missouri. Furthermore, 21% were undecided and 30% in opposition of it. However, this latest poll shows a 2% increase in favor of legalizing it.
Before the poll was made, “Wining for Missouri Education” aired a TV commercial explaining how the tax would be used. In addition, it the Missouri Department of Elementary and Secondary Education said they would be short $100 million this year.
Obviously, sportsbook, bookmakers, betting software providers and pay per head companies are all ecstatic with this latest poll. This is because if it passes, it will give them a chance to expand their gambling business.
How Much Tax Revenue Would Sports Betting in Missouri Generate
The next question on the minds of voters is how much revenue would sports betting generate for Missouri? If the amendment passes it would legalize sports gambling by institution a $500,000 license application fee. In addition to the license fee, it would tax sportsbooks 10% of their gross gaming revenues.
If the initiative passes, the 10% sports betting tax will be codified in the state constitution. This means that if later down the road lawmakers want to chance it, it will need another statewide vote.
With this initiative, the state will earn at least $5 million in annually from the sports betting license fee and the taxes. The money from it would then go towards gambling problem programs, and education.
Jack Cardetti, a spokesperson for “Winning for Missouri Education” said the potentials are huge. Cardetti said “The revenue generated from legal sports betting will support our schools and provide much-needed funding to improve education across the state.”
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