An analysis of a proposed ballot question that would legalize sports betting in Missouri is raising questions about whether the effort by the state’s major league sports teams contains a major flaw.
According to a fiscal review conducted by Gov. Mike Parson’s administration, the initiative petition fails to include a mechanism for allowing state agencies to collect or deposit taxes and fees generated by a legalized sports betting program.
“Without the identification of an agency to collect the tax, no tax can be collected. Due to wording in this IP (initiative petition), the Department of Revenue assumes this IP will not generate any revenue to the state,” the analysis says.
