In Missouri, attempts to authorize sports betting have gotten bogged down in the Senate over whether to pair them with regulations on slot-machine-style games that have been popping up in convenience stores. Supporters also are taking another run at a sports betting bill in Minnesota and various other states.

Similar bills have died in the past in the Senate, and this year’s version would a need three-fifths vote to pass. The prospects for sports betting to expand into more states this year appear mixed.Ī bill legalizing sports betting passed the Kentucky House and advanced Wednesday to the Senate but still faces a high hurdle. The debate about sports betting has shifted from '`Is this something we should consider?’ to ‘How should we go about doing this in a way that best serves our constituencies?’” said Casey Clark, the association’s senior vice president. It’s producing about three-quarters of what eventually could be expected from a fully mature market.

Nationwide, legal sports betting has generated more than $3 billion in state and federal taxes since the 2018 Supreme Court ruling allowing it, according to the American Gaming Association, the industry’s largest lobbying organization. Legislative analysts had projected $21 million in its first full fiscal year. Through February, mobile sports betting had generated $661 million of tax revenue for education.Ĭonnecticut received less than $20 million in sports betting taxes in the first 16 months since wagering began in October 2021. Budget officials originally projected that mobile sports betting would generate $357 million in state tax revenue for the 2023 fiscal year, which ends March 31. New York charges a 51% tax on revenue from mobile sports betting - a far higher rate than other states - with most revenue going to education. In the first month, more than $1.6 billion was wagered through online sports betting, compared to just $15 million through in-person sports bets at casinos. Betting boomed when the state began allowing people to make sports bets through cell phones and computers in January 2022. New York began allowing sports betting in 2019, but only in person at four upstate casinos, limiting the market. Mike DeWine is now proposing to double the tax rate on sports betting.

Whereas some states started with limited in-person sports betting and gradually added mobile apps, Ohio began more aggressively - simultaneously launching numerous mobile options and retail locations.

California online sports betting bill