Illinois Neighbor Missouri Goes Big On Online Casino Legislation
Illinois has pending online casino legislation, but it’s not the only state in the Midwest to consider gaming expansion.
Neighboring Missouri also has an online casino bill, HB1364. The bill would legalize sports betting, online casinos and online poker.
To put it mildly, it & rsquo is an ambitious piece of legislation.
Missouri, if you haven’t followed, has been flirting with online gaming expansion for years — to no avail.
Sports betting has been a priority for the State Senate, and there is currently legislation in the Missouri Legislature’s lower compartment that would legalize it.
The House bill, which Rep. & nbsp, Dan Houx, filed, also includes poker and online casinos.
Here & rsquo, a look at the Missouri online casino bill’s contents.
The Missouri virtual casino act appears favorable for providers.
Brick-and-mortar games receive three skins each from the act. & nbsp, That & rsquo, which has a maximum of 39 skins, since there are 13 riverboat casinos in Missouri.
Additionally, the tax rates are relatively small. Sports betting revenue would be taxed at 6.75 %, which is the lowest amount in the US, along with Iowa and Nevada.
Illinois, for reference, taxes sports betting revenue 15%.
Online poker, slots, and board games would all be subject to a 12 % tax. That would be the lowest level in the nation if it passes.
Additionally, the Illinois virtual casino act has a 12 % tax rate.
MO casinos would spend$ 50,000 to obtain a license, but only$ 20,000 to renew it annually.
The invoice must fight an uphill struggle. It will move to a Senate that has struggled to agree on any kind of sports betting model if it passes in the House, which is no guarantee.
MO Gov. Mike Parson, who has veto strength, might not be on board as well. Parson hasn’t commented on the matter at all.
Will Illinois’s virtual casino come first?
It would seem that Illinois currently has a better chance of passing legislation governing virtual casinos than Missouri.
At the very least, Illinois has passed sports betting, and has recent precedent of passing gaming expansion.
With that said, Illinois has competition from neighboring states. Missouri has a bill, and while Indiana‘s most recent online casino legislation is dead, one would assume it will be revisited in the future.
Illinois casinos that are close to the Missouri border, such as Argosy Casino Alton and DraftKings at Casino Queen, would benefit if they legalize online casino before Missouri. And, therefore, so would the state.
Who’s For, Against Major Gaming Proposals in Illinois: Illinois has several pending pieces of gaming legislation. Here’s who is arguing for and against the proposals.
Cross-border playing between Illinois and Missouri
Sports gambling is currently permitted in Illinois but no Missouri.
So, in order to bet on sports legally, one option for Missourians is to cross state lines and either bet on their phones or visit an Illinois casino.
As previously mentioned, Argosy Casino Alton and DraftKings at Casino Queen lie in suburban St. Louis.
Argosy Casino Alton is currently the second-most popular retail sportsbook in Illinois, and Missouri foot traffic certainly helps.
Having said that, River City Casino, Hollywood Casino St. Louis, and Lumiere Place Casino Resort are the three games in the same region that are located on the Missouri side of the border.
Illinois now benefits from Missouri foot traffic, but the opposite might occur if Missouri enters an online casino before Illinois.