Current:Home > StocksChainkeen Exchange-Mississippi lawmakers advance bill to legalize online sports betting -CapitalEdge
Chainkeen Exchange-Mississippi lawmakers advance bill to legalize online sports betting
Fastexy Exchange View
Date:2025-04-06 23:34:19
JACKSON,Chainkeen Exchange Miss. (AP) — A bill advancing in Mississippi’s Legislature would legalize online sports betting in the state, where analysts say consumer demand continues to fuel a thriving black market.
A Mississippi House committee advanced the legislation Tuesday, calling it the Mississippi Mobile Sports Wagering Act. The bill would legalize mobile sports betting while requiring gambling companies to contract with brick-and-mortar gambling establishments. Sports wagering has been legal in the state for years, but online betting has remained illegal amid fears the move could harm the bottom line of the state’s casinos.
Estimates show Mississippi could bring in over $25 million a year in tax revenue, said Republican Rep. Casey Eure of Saucier, the bill’s prime sponsor. Changing the law would also undercut the influence of illegal offshore sports betting platforms in Mississippi, which leads the nation in illegal online sports betting Google searches, according to data presented by lawmakers.
“Once you legalize mobile sports betting, you do away with a lot of that illegal market,” Eure said.
Across the U.S. each year, illegal betting sites see about $64 billion in wagers, Eure said. Mississippi makes up 5% of that market, which is about $3 billion in illegal bets.
Mobile sports betting is already legal in 29 states and Washington, D.C., according to the American Gaming Association. There is active legislation in five other states, including Mississippi.
Geolocation data obtained by the company GeoComply Solutions Inc. showed millions of hits from mobile devices located in Mississippi accessing legal sports betting sites in other states. In neighboring Tennessee and Louisiana, online sports betting has been legal since 2020 and 2022, respectively.
If the Mississippi law passes, online gaming platforms would have to reach an agreement with licensed gambling establishments to establish an online sports betting presence in the state. But Democratic House Minority Leader Robert Johnson of Natchez, who voted against the bill, said that provision didn’t guarantee smaller casinos in rural areas of the state would be protected.
“When you say protecting brick-and-mortar casinos, there’s no reason for a casino in Vicksburg, Natchez or Greenville to believe that a large national sports (betting) company would have any incentive to partner with anybody other than the people they’re partnering with already,” Johnson said.
The bill awaits consideration by the full House.
___
Michael Goldberg is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow him at @mikergoldberg.
veryGood! (77146)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- HISA, Jockeys’ Guild partner with mental-health company to offer jockeys access to care and support
- How Cardi B Is Building Her Best Life After Breakup
- Authorities continue to investigate container suspected of holding dynamite in Tennessee
- Bodycam footage shows high
- ESPN signs former NFL MVP Cam Newton, to appear as regular on 'First Take'
- Austin Stowell is emotional about playing stoic Jethro Gibbs in ‘NCIS: Origins’
- Avian enthusiasts try to counter the deadly risk of Chicago high-rises for migrating birds
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Who still owns a landline phone? You might be surprised at what the data shows.
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Opinion: As legendary career winds down, Rafael Nadal no longer has to suffer for tennis
- Love Is Blind's Monica Details How She Found Stephen's Really Kinky Texts to Another Woman
- Kentucky woman arrested after police found dismembered, cooked body parts in kitchen oven
- Why members of two of EPA's influential science advisory committees were let go
- Tigers ready to 'fight and claw' against Guardians in decisive Game 5 of ALDS
- Man is charged with hate crime for vandalizing Islamic center at Rutgers University
- Blake Lively and Ryan Reynolds Donate $1 Million to Hurricane Helene and Milton Relief Efforts
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Three-time NBA champion Danny Green retires after 15 seasons
Tori Spelling Shares Update on Dean McDermott Relationship Amid Divorce
Dr. Dre sued by former marriage counselor for harassment, homophobic threats: Reports
Rylee Arnold Shares a Long
See the Saturday Night Cast vs. the Real Original Stars of Saturday Night Live
JPMorgan net income falls as bank sets aside more money to cover potential bad loans
Three-time NBA champion Danny Green retires after 15 seasons