The Mississippi House of Representatives has approved a new bill that would legalize online sports wagering in the state. House Bill 774 would expand the current sports betting market in Mississippi to include online wagering, in addition to the existing retail facilities at land-based casinos.

The bill, sponsored by eight state representatives, passed with a vote of 98-14 and will now move to the Senate for consideration. If enacted into law, it would allow all 26 land-based casinos in Mississippi to offer online sports betting. Each casino would be permitted to partner with one licensed platform for online wagering, in addition to any existing retail sportsbooks.

Notably, the bill did not specify an application fee for licenses, but it did outline renewal fees for manufacturer’s, seller’s, and distributor’s licenses. The proposed tax structure would apply in tiers based on the gross revenue of each licensee, with rates ranging from 4% to 8%.

The minimum age for wagering would be set at 21, and players would be able to place bets from anywhere within Mississippi. If the bill is passed into law, it is expected to take effect on July 1 of this year.

The passage of House Bill 774 comes amidst a flurry of other bills related to sports betting in Mississippi. Several other bills, including HB271 and HB635, are also seeking to legalize sports betting. This surge in proposed legislation follows the signing of HB606 into law last year, which authorized a sports betting task force to conduct a comprehensive analysis of sports betting in the state.

The introduction of HB774 goes against the earlier decision to limit the scope of online betting in Mississippi, as the bill would allow all casinos in the state to offer online wagering. Mississippi is surrounded by states that have already legalized online sports betting, with Tennessee, Arkansas, and Louisiana all launching their markets in recent years. Alabama is the only neighboring state without a legal online market.

By admin