Missouri Ballot Measure to Legalize Sports Betting

Texas is making progress towards legalizing sports betting, with potential implications from the upcoming elections. While a sports betting bill passed in the House in 2023, it faced opposition in the Senate led by Lieutenant Governor Dan Patrick, and the likelihood of passing hinges on the outcomes of Senate races. In Missouri, voters seem to favor Amendment 2 to legalize sports betting, with anticipated tax revenues earmarked for education; however, opinions are divided, with concerns about gambling addiction and tax revenue limitations due to promotional deductions. The proposed 10% tax rate in Missouri is below the national average, and if passed, the state could become the 39th to legalize sports betting. The amendment has generated significant campaign funding, predominantly from major sports betting operators like DraftKings and FanDuel, reflecting the growing interest in this industry. As states navigate the complexities of gambling legislation, the outcomes of these measures could reshape the landscape of sports betting in the region.