The “Mississippi Mobile Sports Wagering Act” passed 100 to 11 in the House Wednesday morning, sending it on to the Senate for consideration.
Mobile sports betting would be taxed at 22%, up from 18.5%. The increase would put Mississippi in line with the national average. The measure also reduces the state gaming tax from 8% to 6%, “approximately a $48 million tax cut to the casinos,” said State Rep. Casey Eure (R), the House Gaming Committee chairman. The local tax collected at 4% will stay the same.
“Mobile [sports betting] at 22% is projected to bring in $100 million per year,” Eure told the House, adding that the tax cut to the brick-and-mortar casinos allows them to “reinvest in their properties, give employees pay raises, do things they need to do to keep them up and going to stay competitive in our market.”
