Held By Someone Who Can't Gamble.
After the dismantlement of PASPA in the United States Supreme Court, a states came out of the woodworks, all hoping to legalize their own version of sports gambling. In 2018, seven states legalized the practice, and in the four years since then, the amount of states which have chosen legalization has gone up by over five hundred percent. Since then, the mean tax rate charged by the states has stabilized at around thirteen and a half percent.The money made from sports gambling typically goes to one of three different places. In states like Arkansas, or Indiana, or Pennsylvania, the money goes to what is called a general fund. Funds, which are subject to the digression of the state, are spent however the state wishes, they are as the name would suggest, as general as you can get. Then there are states like Colorado, and Illinois, in which the money goes to a public fund. These are funds which are set up to further public works projects, such as the building of roads and schools. The last and final path that the states have taken is unquestionably the most interesting. In states like New Hampshire, and Tennessee, the funds actually go to the state’s Education Department.
Draft Kings
FanDual
BETMGM
Caesars Sportsbook
There is no reason that any United States citizen should have to use a VPN to access something which is accessible to the rest of the country, and for they won't have to for long. In the Misouri state Senate, there is a bill being presented that would accomplish a full legalization online sports gambling. The bill is called SB643, and would allow legal sports gambling on the popular river boat casinos in the state, as well as fully legalize gambling over the Internet to residents throughout the state. The bill also proposes a licensing fee of fifty thousand dollars just to be granted a certificate of authority, which would allow for the casinos to operate a fully legal sports gambling operation. This initial fee is then followed by a eighty thousand dollar yearly fee to keep the license. Then lastly a twenty one percent tax on gross revenue made by the casinos. Missouri plans to mimic states such as Tennessee and New Hampshire, by pledging to donate all taxes collected to the Department of Education.
What this is really about is, grating the citizens of Missouri the choice to spend their money how they wish. The days of PASPA are over, and in six years over half the country realized the error in their ways. The Missouri House of Representatives agrees, passing the bill one hundred and eighteen to thirty five. Even though the bill continues to face difficulties in state Senate, this bill has the possibility to do incredibly things for the citizens of Missouri, with near bipartisan indifference from the citizens of the state. It’s no wonder that year after year, bills like this keep getting presented for approval. Now is the time to give the great people of Missouri, exactly what it is they deserve. In less than six years, the state has turned into a sports powerhouse, playing in three of the last four Super Bowls, as well as hosting games for the 2026 FIFA World Cup. It is that kind of success, that makes the people of Missouri want now more than ever to be able to gamble on their favorite team. The House of Representatives think so, Democrats think so, Republicans think so. Legislators might say that they do but talk is cheap, and without action, without the passing of this bill, their words are meaningless. Missouri needs to pass SB63, and they need to do it fast.
If You Would Like To Read More About The Issues Regarding Sports Gambling I Will Be Publishing My Essay On The Topic On The Next Page.