Start Off Your Work From Home Career With Sports Betting
Missouri is one of twenty states that have already enacted some form of sports betting legislation. With such interest being paid to sports betting within the state, and with the upcoming NFL season just around the corner, there’s no doubt that more legislation will be introduced. With the new legislative session starting in January, expect many new ideas from legislators as to how sports betting should be regulated in Missouri. The Missouri House recently passed a bill (H 3002) that would establish a commission for sports betting. Hopefully other legislatures will follow suit in the coming year.
Unfortunately, in Missouri the commission is only allowed to receive bids from licensed sportsbooks. This bill, if passed, will make it easier for sportsbooks to accept bets and collect revenues from the sportsbooks. Without the ability to accept bets from authorized sportsbooks, the Mizzou state government will once again be on the receiving end.
The reason why they like the commission model is that it helps them collect from licensed sportsbooks and it helps the state develop money through sports wagering lottery sales. Without those revenues, the state will have to come up with another way to generate money. In essence, without sports betting the state of Missouri won’t be able to pay its expenses. That’s why the proposed constitutional amendment was approved.
The amendment also includes a specific percentage for the lottery sales and commission fees for each year from2019 to 2027. That means the revenue generated from those two sources must be shared equally between the two. Of course, the legislature could change those percentages down the road but it probably won’t happen anytime soon. If the 2018 lottery turnout isn’t great, that could change but right now, the governor has already indicated he prefers a small percentage share for the2019 lottery and beyond.
It doesn’t take a lot of thinking to figure out how the share of revenues works. For example, if the state collects a great percentage of the revenue from the lottery, that money adds up to a lot of money every year. So when you factor in the amount of people who bet on Missouri Lottery tickets every year as well as the people who purchase tickets for professional sports events in Missouri, there are a lot of dollars being lost. Those dollars could be better spent on education or infrastructure improvements in the state. Most of the residents in Missouri wouldn’t mind though since the average earning citizen makes less than half of what he or she could if they were employed in a professional sports career.
If the legislature moves forward with legalizing sports betting in Missouri this year, there are still some major problems that will arise. First, there are going to be new taxes in place. Since the legislature already discussed adding a personal income tax to the mix, it only makes sense that they’d have to come up with new taxes for the gaming industry. The second biggest concern is that there may not be enough money to fund the projects that were mentioned in the previous paragraph.
Regardless of the tax issues and the concerns over the lack of funds, there is still no reason why you should not offer sports betting at your house, office, or even your car. There are now places all over the United States that offers sports betting. All you have to do is go to your favorite search engine and type in’sports betting’ or ‘wagering services’. You’ll find that there are plenty of companies out there that will help you get started and make things easier for you. One thing you can do right away is to join the leagues that are available out there.
Right now there are two major sports betting conferences in the Southeastern Conference. The American Sports Betting Association (ASAA) has been trying for years to get the NCAA to create a championship tournament. However, the non-profit National Collegiate Athletic Association has opposed the creation of this tournament. So that leaves one option. If the owners of the stadiums in charge of the subsidies for the universities in the cities where the games are played prefer that there are no championships or bowls being held, then there is no incentive for them to create a tournament. However, if there is no financial incentive for the universities to offer sports betting, there is certainly no reason why you shouldn’t offer it.