Missouri sports betting bill includes 1 royalty fee
A sports betting bill has been pre-filed in Missouri that includes charging licensed sportsbooks a form of integrity fee.
Sports betting is not yet legal in the state, but Representative Cody Smith became the second lawmaker to pre-file sports betting legislation which included a royalty fee.
According to Sports Handle, this fee would amount to 1% of total sports handle, which would be split into two parts.
Of this, 0.75% would go to registered professional leagues and 0.25% would be paid to the National Collegiate Athletic Association, for wagers placed on games including at least one Football Bowl Subdivision team or Division I men’s basketball team.
Sports Handle speculates 1% of handle would typically work out to 20-25% of gross revenue.
Last month, State Representative Brandt Iden also said Michigan would consider introducing integrity fees, despite states like West Virginia rejecting the premise and MGM Resorts International CEO Jim Murren recently speaking out against the concept.
None of the seven US states to offer legalised sports betting have imposed any kind of integrity or royalty fee.