Missouri Sports Betting Tax Debate
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sports bettingVOA
•Missouri sports betting ballot measure highlights national debate about tax rates
79% Informative
Sports betting has spread from one state to 38 states and Washington , D.C. , since the U.S. Supreme Court opened the door to legalized sports wagering in 2018 .
Missouri 's proposed 10% tax rate on sports betting revenue is below the national average of 19% .
People in each state placed between $11.5 billion and $12 billion of sports bets last year , resulting in $1 billion of revenue for sportsbooks.
New Jersey took in $129 million in tax revenue, based on a 14.25% tax rate for online sports bets.
Illinois imposed a progressive tax scale, starting with a 20% tax on sports betting revenue of less than $30 million .
VR Score
90
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95
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67
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