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Mills, who is in her first term after taking office in January of 2019, said a more thorough review is needed before the state should take a gamble on sports betting.<\/p>\n<\/div>\n
“Before Maine joins the frenzy of states hungry to attract this market, I believe we need to examine the issue more clearly; better understand the evolving experiences of other states; and thoughtfully determine the best approach for Maine,” Mills said. “That approach needs to balance the desire to suppress gambling activities now being conducted illegally and the need to protect youthful gamblers and those least able to absorb losses under a closely regulated scheme.”<\/p>\n
She added, “Should the Legislature override this veto, or should Legislature take up a similar measure next year, my administration will continue to help with drafting and analysis to best address the unique needs of our state.”<\/p>\n
Money at Stake<\/b><\/h2>\n
If two-thirds of the House votes in favor of overruling Mills’ veto, LD 553 would allow casinos, off-track betting parlors, horse racetracks, and Native American tribes to host sportsbooks. It would additionally allow online sports betting operators to apply for licenses and operate independently.<\/p>\n
Gross gaming revenue from sports betting would be taxed at 16 percent online, and 10 percent at brick-and-mortar locations. Only those aged 21 and older would be permitted to gamble on sports.<\/strong><\/p>\nState projections estimate Maine could receive nearly $7 million annually from sports betting. The actual figure is likely higher, as the tax forecast assumed only the 10 percent rate \u2013 and mobile has become the preferred sports betting channel in states that have authorized the gambling activity.<\/p>\n","protected":false},"excerpt":{"rendered":"
Maine’s sports betting effort remains alive following the state Senate’s 20-10 vote on Thursday to override Governor Janet Mills’ (D) veto of the legislation. LD 553, “An Act to Ensure Proper Oversight of Sports Betting in the State,” passed the Maine Legislature last June and was sent to Mills’ desk for final approval. She sat […]<\/p>\n","protected":false},"author":25,"featured_media":126228,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,1074],"tags":[],"acf":[],"yoast_head":"\n
Maine Sports Betting Odds Remain Alive, as Senate Overrides Gov. Veto<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n