The amendment also places restrictions on promotional play tax write-offs. The previous bills allowed gambling companies to write off these promotional credits in perpetuity. However, the new amendment allows for a 100% write-off in the first year with a staggered decrease over the following five years. This means that five years from launch, a company could no longer write off promotional plays and credits.
Missouri House Committee Approves Heavily Amended Sports Betting Bill over the last 4 years as any bills that have included sports betting have failed to garner the required support in either the house or the senate.The new bill, if signed into law, will allow each retail casino in the state to launch three digital skins with a cap of six skins per gambling operator. For example, Boyd Gaming owns two casinos in Missouri and so would be entitled to six online sports betting skins. Six more skins have been reserved for the state’s sports teams.
One major bone of contention though is how the state will tax mobile wagers. The new bill proposes an ‘off-site user fee’ that would see all online players pay a nominal fee of $2 or $3 to make wagers online though it’s not clear how often this would be charged.
Missouri House Committee Approves Heavily Amended Sports Betting BillThe bill will now go to the house where bill sponsors and supporters of the bill will make their case for approval.
