Mississippi Sports Betting Bill Awaits Senate Approval

After a unanimous vote on the House floor on Thursday, the Mississippi Mobile Sports Wagering Act is one step closer to becoming a reality, potentially bringing legalized sports gambling to The Magnolia State. The bill, which passed with a vote of 97-14, now moves to the Senate for further consideration.

The bill’s sponsor, Rep. Casey Eure of Saucier, a Republican, has emphasized the potential financial benefits of legalizing sports gambling, estimating that tax revenue could grow by $25 million to $30 million if the bill is successful. With bipartisan support, the bill has a strong chance of passing in the Senate, as it makes a rebuttal less likely.

If the bill clears the Senate, it would impose a 12% tax on sports bets, with 4% of the tax revenue being allocated to the localities where a casino is located, and the remaining 8% going to the state. However, there are concerns that smaller casinos may not attract the interest of larger betting platforms, potentially leaving them out of the equation entirely.

Despite these concerns, most lawmakers believe that the legalization of online sports gambling in Mississippi is inevitable, and the bill is expected to pass in the Senate. If approved, it is likely that Republican Gov. Tate Reeves will also support the bill’s passage, even if it contradicts certain party preferences.

In addition to Mississippi, other states such as Georgia and Virginia are also considering changes to their gambling legislation. Georgia has passed a bill in the Senate to allow sports gambling, while Virginia is re-evaluating its regulations regarding skill games. Overall, the landscape of gambling laws in the United States continues to evolve as more states explore and implement new policies.