Missouri set to discuss sports betting ‘royalty fee’ to league bodies

Missouri,UNITED STATES, sports betting, nba,nfl
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Missouri Republican Representative Cody Smith has submitted a proposal to the state’s legislature to consider the payment of royalty fees to national sports leagues.

House Bill 119, set to be discussed in the House’s 2019 session, suggests a percentage of all sports wagers be made to the NHL, NBA, NFL and National Collegiate Athletics Association.
Operators who have paid the $10,000 required to secure an interactive sports betting licence, whether online or land-based, would be required to pay 0.75 percent of total bets made on league events, overseen by the Missouri Gaming Commission.
Wagers made on NCAA and Division 1 basketball events would be levied at 0.25 percent.
The bill also proposes a 6.25 percent on GGR, dedicated to the Gaming Proceeds for Education Fund, a minimum age limit of 21 for all bettors, and an annual administration fee of $5,000 to be paid by licenced operators to the MGC.


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