JEFFERSON CITY, Mo. — The ads promoting a November ballot measure to legalize sports betting in Missouri tout the potential for millions of new tax dollars devoted to schools. If voters approve the measure, it’s a good bet they will see even more ads offering special promotions for bettors. Many of those promotional costs — in which sportsbooks provide cash-like credits for customers to place bets — will be exempt from state taxes, effectively limiting the new revenue for education. The Missouri ballot measure highlights an emerging debate among policymakers over how to tax the rapidly growing industry, which has spread from one state — Nevada — to 38 states and Washington, D.C., since the U.S.
Similar Stories to Missouri Sports Betting Ballot Measure Highlights National Debate About Tax Rates on Bing News
David A. Lieb, Denver Post
Sun, 10/27/2024 - 12:13pm
Topics: jefferson city november nevada u.s supreme court it s brent evans georgia college state university ohio tennessee virginia eilers krejcik gaming jack cardetti winning missouri education colorado s capping richard auxier tax policy center draftkings fanduel caesars entertainment brooke foster missourians against deceptive online gambling amendment american gaming association but illinois there s joe weinert spectrum gaming group the your morning dozen mo the the missouri washington d.c illinois colorado tax york missouri s missouri july we caesars foster the there new jersey national debate sports betting ballot measure highlights revenue bets states million year sportsbooks casinos billion good people place wagers total voters possibility vigorously legalize owe credits play compete schools industry free campaign starting exempt ads casino odds paid cannabis customers proposed raised fiscal costs iowa funded opposition bettors full proposal licenses
BING NEWS:
- Missouri sports betting ballot measure highlights national debate about tax rates
The ads promoting a November ballot measure to legalize sports betting in Missouri tout the potential for millions of new tax dollars devoted to schools. If voters approve the measure, it’s a good ...
10/27/2024 - 8:49 am | View Link - Missouri sports betting ballot measure highlights tax rate debate
Tax rates range from a low of 6.75% in states such as Iowa to 51% in states such as New York. Amendment 2 on Missouri’s November ballot proposes a 10% ...
10/27/2024 - 5:00 am | View Link - Missouri’s proposed tax rate on sports betting below average paid to other states
Tax rates range from a low of 6.75% in states such Iowa to 51% in states such as New York. Amendment 2 on the Nov. 5 ballot proposes a 10% ...
10/27/2024 - 12:59 am | View Link - Will Missouri's sports betting amendment actually support education funding?
The campaign behind Missouri Amendment 2, the November ballot measure to legalize sports gambling, claim the resulting revenues will help fund education in the state. But critics say the wording is ...
10/18/2024 - 3:00 am | View Link - Missouri's abortion amendment made it to the ballot but GOP attacks expected to continue
Four lawsuits. Several failed attempts to raise the threshold to pass constitutional amendments. One unprecedented attempt to decertify a ballot measure. Despite this succession of failed GOP efforts ...
09/28/2024 - 12:59 pm | View Link - More
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