St. Louis Mayor Tishaura Jones and Kansas City Mayor Quinton Lucas endorsed Amendment 2, the question on next week’s ballot on whether residents want to legalize Missouri sports betting.
Amendment 2 would set the Missouri sports betting tax rate at 10%, cap promotional credits at 25%
The ballot campaign is also backed by Winning for Missouri Education, a PAC funded by DraftKings and FanDuel. Amendment 2 would set the sports betting tax rate at 10%. Promotional credits are capped at 25% as well.
The measure would also allow Missouri’s professional sports franchises along with the state’s 13 casinos to operate retail and online sports betting. Two online betting platforms would be eligible to receive a license.
At the moment, Missourians are traveling to neighboring states just to place wagers.
“Every time a Missourian has to drive across the river to Illinois to place a sports bet is a missed opportunity for our city, our state and our passionate sports fans,” Jones said.
“Missourians are betting on sports; we just aren’t getting any of the benefits. Amendment 2 will change this by allowing Missourians to place bets in a regulated, safe way that actually benefits our local economies and classrooms.”