The MLB sports betting bill suggests a $10,000 licensing fee with a 20 percent tax rate on operators with and expected one percent integrity payment going to the sports leagues.<\/p>\n
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Controversially, it also includes a provision that would allow the leagues to prohibit betting on certain games, at the league’s discretion.<\/p>\n<\/div>\n
A sports governing body may notify the commission that it desires to restrict, limit, or exclude wagering on its sporting events by providing notice in the form and manner as the commission may require, including, without limitation, restrictions on the sources of data and associated video upon which an operator may rely in offering and paying wagers and the bet types that may be offered.<\/em><\/p>\nDespite their previous reservations, the leagues are likely to hit it big if the Supreme Court approves state-sanctioned sports betting. As well as ramping up fan engagement, it will offer new revenue streams through sponsorship deals and the sale of media rights.<\/p>\n
If adopted by all states that plan to regulate, the one percent integrity fee would likely translate into hundreds of millions of dollars for the leagues, depending on the size of a future market.<\/p>\n","protected":false},"excerpt":{"rendered":"
MLB, until recently a staunch opponent of regulated sports wagering in the US, has drafted its very own sports betting bill, which it presented this week to the Missouri legislature for consideration. Both\u00a0MLB and the NBA are plaintiffs in the Christie v NCAA case, in which they oppose New Jersey\u2019s battle for the right to […]<\/p>\n","protected":false},"author":42,"featured_media":70395,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,16,1074],"tags":[],"acf":[],"yoast_head":"\n
MLB Sports Betting Bill Presented to Missouri Lawmakers<\/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