Legal sports betting advances in Missouri legislature

The Missouri House gave preliminary approval Monday to a pair of bills to legalize sports betting
Photo credit Wpadington/iStock/Getty Images Plus

The Missouri House has given preliminary approval to a pair of bills to legalize sports betting.

State Representative Phil Christofanelli of St. Charles says the tax rate would be 10%, although some lawmakers wanted it higher.

He contends Missouri must be competitive with neighboring state's tax rates. Christofanelli adds, "there's a vigorous illegal market and if we set the tax rate too high we run the risk of competing with illegal actors."

A final House vote could come Thursday.

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Featured Image Photo Credit: Wpadington/iStock/Getty Images Plus