The Missouri Gaming Commission reported $521,000 in tax revenue from the state’s first month of legal sports betting in December. The figure was below the monthly target of more than $4 million; operators reported $560.5 million in expenses against $538.8 million in online wagers.
The first-month figures show how deductions and promotional costs affected taxable sports betting revenue in Missouri.
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North American Derivatives Exchange, which operates Crypto.com's OG prediction market, and Ludlow Exchange, Novig's operator, filed separate lawsuits on 16 October challenging Missouri's 21-year age minimum and 10% tax on sports event contracts. Both argue that federal commodities law gives the CFTC authority over their contracts, pre-empting state gambling rules, after a 30-day compliance period following cease-and-desist notices expired. Missouri Attorney General Catherine Hanaway's office maintains that labelling a sports bet an event contract does not remove it from state law.
North American Derivatives Exchange, which operates Crypto.com's OG prediction-market platform, and Ludlow Exchange, the operator behind Novig, filed separate lawsuits on 16 October challenging Missouri's sports event contract rules. The filings followed the expiry of a 30-day compliance period set out in cease-and-desist notices. Both companies argue that federal commodities law gives the Commodity Futures Trading Commission authority over their contracts, putting them outside Missouri's gambling requirements.
Missouri reported $385.1m in sports wagers for January, the state said. It was the second month of regulated sports betting in the state.
Missouri reported $543.0 million in total sports wagers for December, the first month of its regulated sports betting sector. The report gives no further figures in the available text.
Missouri lawmakers are advancing Senate Joint Resolution 109, which would limit sports betting privileges to professional teams located in the state. The proposal could end the Kansas City Chiefs’ eligibility for team-linked betting rights if the franchise stops playing home games at Arrowhead Stadium; the Chiefs plan to move to Kansas in 2031.
Missouri state senator Nick Schroer has proposed a constitutional amendment removing NFL teams from the state’s sports-betting framework. If voters approve it, the change would affect the Kansas City Chiefs, who plan to move to Kansas after the 2030 season.