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With a new measure, House measure 635, appearing with text exactly similar to that of its predecessor, House Bill 271, the movement for statewide mobile sports betting in Mississippi gathers steam. Rep. Jay McKnight, a Republican who chairs the gaming committee and was formerly on the state’s Mobile-Online Sports Betting Task Force, is the sponsor of the proposed legislation, which is a rewrite of a previous measure that was submitted by Rep. Cedric Burnett, a Democrat.
Enabling Mississippi casinos or their agents to offer online sports betting services via mobile apps and websites throughout the state is the unifying objective of House Bills 635 and 271. The bill that is being presented would tax revenues in a progressive manner, with the highest tax rate being 8% when monthly receipts exceed $134,000. The legislation suggest that they take effect on July 1st, opening the door for a possible debut ahead of the football season.
While these bills echo previous efforts to expand legal sports betting in Mississippi, the legislators now have the support of the Mobile-Online Sports Betting Task Force’s comprehensive report, released in December. The report projects increased handle and revenue resulting from a mobile expansion, providing lawmakers with valuable insights and potential incentives for endorsing the bills.
Even with the optimistic forecasts, there are still apprehensions, especially from independent casino owners who are worried about how online sports betting would affect their businesses. However, the task force study highlights the possibility of drawing in new sports wagerers who are drawn to online platforms because of their accessibility and ease. According to the survey, because legal options are more convenient, those who do not already wager on sports may choose to do so, which might lead to an increase in market share.
Mississippi’s legislators may be persuaded to support statewide mobile sports betting by the task force’s recommendations as they consider the future of these measures.