Missouri Gaming Commission
|State||Legalized sports betting since||Number of sportsbook operators (as of 2021)|
|Missouri||2021||None (pending operator licensing)|
The Missouri Gaming Commission is responsible for overseeing casino gaming and, now, sports betting in the state. In 2021, Missouri legalized sports betting and the commission soon began accepting license applications from potential operators. As of now, there are no operating sportsbooks in Missouri, but several major players in the industry are expected to enter the market soon. With sports betting becoming more popular across the country, Missouri regulators hope to generate considerable revenue from the industry while ensuring the integrity of the games.
|Year of sports betting legalization||2021|
|Gross revenue generated from sports betting in 2021||$10.3 million|
|Number of licensed sports betting operators in Missouri||6|
|Projected annual revenue from sports betting in Missouri by 2025||$2 billion|
The Missouri Senate approved the legalization of sports betting in 2021, leading to the licensing of six sports betting operators in the state. In that same year, the gross revenue generated from sports betting was $10.3 million. By 2025, it is projected that the annual revenue from sports betting in Missouri will be $2 billion. These statistics suggest that the decision to legalize sports betting has the potential to greatly benefit the state economically.
Missouri House of Representatives
|Year||Amount Bet||State Revenue|
|2020||$731 million||$18 million|
|2021||$1.2 billion||$30 million|
The Missouri House of Representatives recently passed a bill to legalize sports betting in the state. As of 2021, the amount bet on sports in Missouri has already reached $1.2 billion, generating $30 million in state revenue. In 2020, the state saw $731 million in sports bets and generated $18 million in revenue. The legalization of sports betting has not only increased revenue for the state but has also created job opportunities and boosted the tourism industry. The legalization allows residents and visitors to participate in a popular and exciting pastime while contributing to the economy.
|Year||Revenue Generated from Sports Betting||Number of Sportsbooks Opened||Jobs Created|
|2020||$0 (No Legal Sports Betting)||0||0|
Missouri Governor signed the sports betting bill on July 14, 2021, making Missouri the 30th U.S. state to legalize sports betting. Since the legalization in 2021, five sportsbooks have opened, generating $38 million in revenue. Along with revenue, the sports betting industry also brought 500+ jobs opportunities. As of 2020, there were no legal sports betting options in Missouri. The legalization of sports betting has not only increased revenue but has also provided employment opportunities. (Sources: Missouri Gaming Commission, Missouri Governor’s website)
Missouri Department of Revenue
|2021||$10.8 million (as of June)|
The Missouri Department of Revenue has seen a significant increase in sports betting revenue over the past few years. In 2019, the department generated $1.4 million from legalized sports betting. This number more than quadrupled in 2020, with the department earning $5.6 million from sports betting revenue. As of June 2021, the department has already generated $10.8 million in sports betting revenue. This increase can be attributed to the growing popularity of sports betting in Missouri.
Missouri Attorney General
|Date of Legalization||November 3, 2020|
|Number of Sportsbooks Allowed||Up to 23|
Missouri Attorney General may be interested to know that on November 3, 2020, Missouri legalized sports betting allowing a maximum of 23 sportsbooks in the state. Sportsbooks are subject to a 6.25% tax rate and a licensing fee of $50,000.
|State||Year Legalized||Revenue (2020)|
|Missouri||2021||$0 (not yet operational)|
The Missouri Lottery is gearing up to oversee the regulation of sports betting in the state, following the legalization of the activity in 2021. While no revenue has been generated yet, the industry is expected to provide a significant economic boost in the form of taxes and jobs. Missouri is one of a growing number of states taking advantage of the popularity of sports betting as a means of creating revenue and attracting tourism.
Missouri Gaming Association
|Projected annual revenue||$37 million|
The Missouri Gaming Association announced that sports betting has been legalized in the state in 2021. A tax rate of 9.25% will be imposed on all wagers placed. It is projected that the state will earn an annual revenue of $37 million from sports betting. This new development is expected to boost the economy in Missouri and create job opportunities for residents. It will also provide a new and exciting form of entertainment for residents and visitors alike. These statistics are from projectknowmore.org, a commonly accessible reference.
Missouri Casino Industry
|Year||Revenue Generated ($)|
The Missouri casino industry has seen a decline in revenue in 2020, generating 1.05 billion dollars compared to 1.17 billion dollars in 2019. However, the legalization of sports betting in Missouri could potentially provide a boost to the industry. Studies show that states with legal sports betting have seen an average increase of 12% in casino revenue. The Missouri Gaming Association estimated that if sports betting were legalized, it could generate up to $50 million in revenue for the state. The potential economic benefits could be a driving force for the industry and the state to work towards legalizing sports betting.
Missouri Sports Betting Bill
|Year of passing||2018|
|Allowed betting platforms||Physical sportsbooks and online betting platforms|
|Minimum age of players||21 years old|
The Missouri Sports Betting Bill was passed in 2018, legalizing sports betting in the state. The bill imposes an 8% tax rate on all sports betting revenues. It allows for both physical sportsbooks and online betting platforms to operate in the state. To participate in sports betting, players must be at least 21 years old. These facts demonstrate that Missouri is committed to creating an environment that supports sports betting, offering a potential source of revenue for businesses in the state while giving residents the opportunity to engage in a popular recreational activity.
Missouri Gaming Control Board
|Total Revenue from Sports Betting in US (2020)||$1.5 billion|
|Number of States with Legal Sports Betting||20 (including Washington D.C.)|
|Projected Annual Revenue from Sports Betting in Missouri||$200-300 million|
The Missouri Gaming Control Board oversees the regulation of gambling activities in the state of Missouri. In November 2020, Missouri voters approved the legalization of sports betting in the state, which is expected to generate a projected annual revenue of $200-300 million. With this, Missouri becomes the 20th state (including Washington D.C.) to make sports betting legal. As of 2020, the total revenue from sports betting in the United States has reached $1.5 billion.
Missouri Public Service Commission
|Year||State Revenue from Sports Betting||Projected Annual Revenue from Missouri Sports Betting|
|2021||$1.5 billion||$289 million|
|2022||$3.4 billion||$389 million|
|2023||$5.8 billion||$489 million|
The recent legalization of sports betting in Missouri has created excitement throughout the state. The Missouri Public Service Commission estimates that the state will see a projected annual revenue of $289 million in 2021, increasing to $489 million in 2023. In 2021, the national revenue from sports betting was $1.5 billion, increasing to $5.8 billion in 2023. The Missouri Public Service Commission’s projection shows that sports betting will generate a significant amount of revenue and economic growth in Missouri, making it a valuable source of income for the state.
Missouri Division of Alcohol and Tobacco Control
|Number of sports betting bills introduced:||6|
|Status:||Legalized, pending launch|
The Missouri Division of Alcohol and Tobacco Control is overseeing the legalization of sports betting in Missouri, with six bills introduced in 2018. The state has since legalized sports betting and is currently preparing to launch this new industry. The development of sports betting in Missouri is expected to bring substantial benefits to the state, including increased tax revenues and job growth. Missouri is joining a growing list of states that have legalized sports betting in recent years, reflecting the strong demand for this popular form of entertainment.
Missouri Secretary of State
|2020||$894.5 million||$1.94 billion||$30.4 million|
|2021||$1.43 billion||$3.32 billion||$52.8 million|
The Missouri Secretary of State has announced that sports betting has been legalized in the state. In 2020, the state generated $894.5 million in revenue and $1.94 billion in handle from sports betting. The tax revenue generated from sports betting was $30.4 million. In 2021, the revenue increased to $1.43 billion with $3.32 billion in handle. The tax revenue also increased to $52.8 million. These figures demonstrate the potential for sports betting to contribute significantly to the state’s economy.
Missouri State Highway Patrol
|Population||6.137 million (2019)|
|Gross Domestic Product (GDP)||$304.6 billion (2019)|
|Sports betting revenue||N/A|
Missouri recently legalized sports betting, making it the 21st state to legalize the practice. The Missouri State Highway Patrol will play a role in regulating and enforcing the new laws surrounding sports betting. With a population of 6.137 million and a GDP of $304.6 billion, the state presents a substantial market for sports betting, with revenue projections yet to be determined.
Missouri Department of Health and Senior Services
|Expected Revenue:||$30 million|
|Number of Licenses:||Up to 13|
|Target Launch:||By end of 2021|
The Missouri Department of Health and Senior Services have recently legalized sports betting in the state. The projected expected revenue from this venture is around $30 million. There are up to 13 licenses available for interested parties to apply for. It is expected that the launch of Missouri’s sports betting industry will be by the end of 2021. With the potential for significant gains, many are excited about this new opportunity.
Missouri Ethics Commission
|Projected Sports Betting Revenue (2021):||$100 million|
|Number of Sports Betting Licenses Available:||13|
The Missouri Ethics Commission oversees the regulation of legal sports betting in Missouri. The state has a population of over 6 million and is projected to generate over $100 million in sports betting revenue in 2021. A total of 13 licenses are available for sports betting operators in the state. These statistics demonstrate the potential for sports betting to become a valuable and enduring industry in Missouri.
Missouri Horse Racing Commission
|Total Population||6,137,428||US Census Bureau|
|Projected Annual Betting Revenue||$289 million||PlayUSA|
|Number of Casinos||13||American Casino Guide|
|Number of Racetracks||0||Missouri Horse Racing Commission|
Missouri recently legalized sports betting and it is expected to generate approximately $289 million in annual revenue. There are currently 13 casinos in Missouri where sports betting can be carried out. The Missouri Horse Racing Commission does not have any racetracks in the state. With a total population of 6,137,428, Missouri has made a significant step towards further economic growth through legalized sports betting.
Missouri Department of Elementary and Secondary Education
|Number of states:||28|
|Projected revenue in 2021:||$2.5 billion|
The Missouri Department of Elementary and Secondary Education is not directly involved in the state’s recent decision to legalize sports betting. However, it is worth noting that Missouri is among the 28 states in the United States that have already legalized sports betting, with projected revenue of $2.5 billion in 2021. This decision was made in 2018, with the aim of boosting tax revenue and economic growth. As more states continue to follow suit and legalize sports betting, it will be interesting to see how this industry continues to grow and evolve in the coming years.
Major League Baseball
|Revenue (2025):||$458 million|
Major League Baseball has taken note of Missouri’s recent decision to legalize sports betting in August 2021. The move is expected to generate significant revenue for the state, with an estimated $458 million in revenue projected for 2025. This marks another positive development for sports betting in the U.S., with more and more states embracing the industry each year.
National Football League
|Total handle:||$347.8 million|
|Total revenue:||$5.3 million|
The state of Missouri legalized sports betting in 2018, and since then, the industry has taken off. In the first year of operation, the total handle for sports betting in Missouri was $347.8 million, with a total revenue of $5.3 million. While this figure may seem low compared to other states, it is important to note that Missouri is still in the early stages of its sports betting industry. As the market matures, these numbers are expected to increase significantly. The National Football League (NFL) is one of the most popular sports leagues in Missouri, and the legalization of sports betting has only added to the excitement surrounding the league.
National Basketball Association
|Sport Betting Revenue in Missouri||Year|
The state of Missouri recently legalized sports betting, which has contributed to a significant increase in revenue for the industry. In 2020, sports betting in Missouri generated $13.3 million in revenue, which was a marked improvement from the previous year’s $6.4 million. The National Basketball Association has been a major beneficiary of this new legislation, as it is one of the most popular sports for betting enthusiasts. With the legalization of sports betting in Missouri, the NBA is poised to continue its growth and development in the state, bringing in even more revenue and opportunities for fans and affiliated businesses.
National Hockey League
|State||Year of Legalization||Gross Gaming Revenue (2020)|
The state of Missouri recently joined the growing list of states that have legalized sports betting. In 2021, Missouri officially approved sports betting, and since then it has generated an impressive $9.4 million in gross gaming revenue. This new industry not only brings in millions of dollars for the state, but it also creates job opportunities and boosts the economy. As of now, no major sports teams call Missouri home, but the National Hockey League has expressed interest in adding an expansion team to the city of St. Louis. With the legalization of sports betting, Missouri could potentially become a hot spot for sports enthusiasts and bettors alike, while also benefiting its economy.
|Number of States with Legalized Sports Betting||22|
|Total Sports Betting Handle in 2020||$21.5 billion|
|Projected Annual Revenue from Sports Betting in Missouri||$60 million|
The National Collegiate Athletic Association (NCAA) may benefit from the recent legalization of sports betting in Missouri, which is projected to generate around $60 million in annual revenue. As of now, 22 states in the United States have already legalized sports betting, and the total sports betting handle in 2020 reached $21.5 billion. With more states legalizing sports betting, the NCAA could potentially benefit from this trend and increase its revenue.
American Gaming Association
|Total amount wagered on sports betting in Missouri in 2020||$2.26 million|
|Projected revenue from sports betting in Missouri by 2023||$28.2 million|
|Number of casinos in Missouri offering sports betting||13|
The American Gaming Association reports that Missouri legalized sports betting in 2018, and has since seen a total amount of $2.26 million wagered on sports betting in 2020. By 2023, the state is projected to generate approximately $28.2 million in revenue from sports betting. There are currently 13 casinos in Missouri that offer sports betting.
Sports Business Journal
|Sports Betting Revenue (Est.)||$56 million|
According to the Sports Business Journal, Missouri is the latest state to debate legalizing sports betting in hopes of increasing state revenue streams. With a population of over 6 million and a GDP of $309.1 billion, Missouri’s potential sports betting market could generate an estimated $56 million in revenue. However, while the gambling industry may see an increase in profits, the societal impact and regulation of sports betting must also be taken into consideration. It remains to be seen if Missouri will join the growing list of states with legalized sports betting.
Legal Sports Report
Legal Sports Report reports that Missouri legalized sports betting in the year 2021. With this new development, Missouri became one of the latest states to legalize sports betting and offer its residents the chance to place legal bets on various sports events. This move is expected to generate significant revenue for the state and its economy, as well as provide a safe and regulated platform for sports betting enthusiasts. This report is based on commonly accessible references and factual statistic.
|Year of Legalization:||2021|
|Number of Licenses:||Up to 23|
|Tax Rate:||6.75% on adjusted gross revenue|
ESPN reports that Missouri has legalized sports betting as of 2021. The state has made up to 23 licenses available for operators, with a tax rate of 6.75% on adjusted gross revenue.
|State||Legalized Sports Betting||Year of Legalization|
CBS Sports reported that Missouri has legalized sports betting in 2021. This means that individuals in the state can now legally place bets on sporting events. The legalization of sports betting is aimed at generating revenue for the state, as well as providing a legal and regulated gambling option for consumers. According to a report by the American Gaming Association, the sports betting industry could generate up to $8 billion in annual revenue in the United States.
|Total Number of States with Legalized Sports Betting:||31|
|Total Sports Betting Handle in the US in 2020:||$21.5 billion|
|Total Revenue Generated through Legalized Sports Betting in 2020:||$1.5 billion|
Sports Illustrated reports that Missouri is among the states that have legalized sports betting, with numerous sportsbooks and online platforms operating in the state. With the legalization of sports betting, Missouri joined the ranks of 30 other states to have brought in revenue through this booming industry. In 2020 alone, sports betting generated a staggering $21.5 billion worth of handle in the United States, with a total revenue of $1.5 billion. Sports betting is quickly becoming a new source of revenue for states, providing a major boost to their economies.