Current:Home > MyEthermac|Missouri’s pro sports teams push to get legal sports gambling on 2024 ballot -FinanceMind
Ethermac|Missouri’s pro sports teams push to get legal sports gambling on 2024 ballot
Chainkeen View
Date:2025-04-09 16:55:05
JEFFERSON CITY,Ethermac Mo. (AP) — A coalition of Missouri’s professional sports teams is backing a new effort to legalize sports betting that could put the issues to voters on the 2024 ballot.
After missing out on millions of dollars in betting revenues over the past several years, the sports teams decided they are done waiting for the Missouri Legislature to act and instead have taken the first step toward an initiative petition drive that would circumvent lawmakers.
The effort is spearheaded by the St. Louis Cardinals baseball team, and also includes the Kansas City Chiefs football team, the Kansas City Royals baseball team, the Kansas City Current and St. Louis City soccer teams, and the St. Lous Blues hockey team.
Gathering petitions signatures and running an advertising campaign for a ballot measure can cost millions of dollars — a price the teams are committed to collectively help cover, said Mike Whittle, the Cardinals’ senior vice president and general counsel, on behalf of the coalition.
Legalized sports betting would “provide our fans a good, new exciting way to enjoy sports and root for our teams,” Whittle said Tuesday
Sports betting has expanded rapidly — it’s now legal in all but one of Missouri’s neighboring states — since the U.S. Supreme Court cleared the way for it five years ago. Kentucky became the 35th state with active sports betting when the NFL season began last week. Maine and Vermont have legalized it but are still working to set up their betting systems.
The last state to put sports betting on the ballot was California, where supporters and opponents of two competing proposals raised a record of around $460 million last year. Voters defeated both measures.
Earlier this year, the Missouri House voted 118-35 in favor of sports betting legislation, but it never received a Senate vote. Similar bills have repeatedly stalled in the Republican-led Senate because of a dispute about whether to pair sports betting with the regulation of slot-machine-style games that have been popping up in convenience stores.
As professional sports teams waited for a resolution on sports betting, lawmakers passed various other high-profile issues, including expanded gun rights and restrictions on transgender health care treatments.
“We’re not optimistic that kind of dynamic within the Missouri Senate will change,” Whittle said.
Several versions of an initiative petition were filed Friday with Secretary of State Jay Ashcroft’s office, which must approve an initiative summary before supporters can start gathering the roughly 180,000 signatures needed to qualify for the ballot by a May deadline.
The proposed constitutional amendment would allow each of Missouri’s professional sports teams and casinos to offer sports betting onsite and through online platforms that could be used anywhere in the state. Some of the different versions would allow up to four online sports betting companies to receive approval to operate directly from the state.
The professional sports teams have been in conversations about the Missouri ballot initiative with the Sports Betting Alliance, which consists of BetMGM, DraftKings, FanDuel and Fanatics Sportsbook, said Nathan Click, a spokesperson for the alliance.
Under the proposed initiative, Missouri would impose a 10% tax on adjusted gross sports betting revenue, after the payout of winnings and promotional bets to customers. A similar legislative proposal had been estimated earlier this year to generate around $30 million annually when fully implemented.
The proposed initiative would allot $5 million to a compulsive gamblers prevention fund, with much of the rest going to K-12 schools and higher education institutions.
Nationwide, state funding for problem gambling services has lagged behind recommended levels, with just 38 cents per capita spent in the 2022 fiscal year. But the most recent states to launch sports gambling all required at least a portion of the revenue to go toward helping addicted gamblers.
Missouri’s sports betting proposal is not the only prominent issue drawing attention from petitioners. Various ballot proposals also have been filed to relax Missouri’s prohibition on most abortions.
veryGood! (8)
Related
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Kevin Bacon returns to 'Footloose' school 40 years later: 'Things look a little different'
- At least 2 killed, 6 others wounded in Memphis block party shooting
- From 'homeless among the clouds' to working with Robert Downey Jr., Kieu Chinh keeps going
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Nelly Korda wins 2024 Chevron Championship, record-tying fifth LPGA title in a row
- Millionaire Matchmaker’s Patti Stanger Reveals Her Updated Rules For Dating
- 'Betrayed by the system.' Chinese swimmers' positive tests raise questions before 2024 Games
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Qschaincoin Wallet: Everything Investors Should Know
Ranking
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Oklahoma City Thunder fan Jaylen O’Conner wins $20,000 with halftime halfcourt shot
- Wisconsin woman convicted of intentional homicide says victim liked to drink vodka and Visine
- With ugly start, the Houston Astros' AL dynasty is in danger. But they know 'how to fight back'
- Why members of two of EPA's influential science advisory committees were let go
- Roman Gabriel, NFL MVP and College Football Hall of Fame quarterback, dies at 83
- Carnie Wilson says Beach Boys father Brian Wilson warned her about music industry 'sharks'
- Yoko Ono to receive Edward MacDowell Medal for lifetime achievement
Recommendation
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
From Sin City to the City of Angels, building starts on high-speed rail line
Tyler Reddick wins NASCAR Talladega race as leaders wreck coming to checkered flag
Mega Millions winning numbers for April 19 drawing: Jackpot climbs to $178 million
Nearly half of US teens are online ‘constantly,’ Pew report finds
2024 NFL draft selections: Teams with most picks in this year's draft
Suspect in killing of Idaho sheriff’s deputy fatally shot by police, authorities say
'American Idol' recap: Two contestants are eliminated during the Top 12 reveal