Missouri House gives first-round approval to sports betting bill backed by major league teams and casinos. The bill needs one more vote before moving onto a Senate vote, where it has historically been blocked. If passed, a 10% tax rate would apply to sports wagers, with revenue going to the Missouri state education fund and overseen by the Missouri Gaming Commission. The bill would allow mobile betting and wagering at casinos. Supporters argue that Missourians are currently betting illegally or crossing state borders to bet in other states. Legalizing sports betting would also bring tax dollars to the state rather than unregulated offshore betting companies.

New Jersey’s combined gambling revenues for February amounted to $412 million, up by 10.4% YoY but down by 5.6% from January. Land-based casinos accounted for $215 million of the total revenue, with five of the nine casinos reporting YoY increases in casino win. The Borgata had the highest revenue at $101.2 million, up by 7.4% YoY. Online gambling revenues for February were $142.6 million, a YoY increase of 9.7%, and sports betting operators reported accepting $847.4 million in wagers, with mobile sportsbooks accounting for $801.4 million of that figure. The following casinos reported YoY revenue increases in February: Borgata ($101.2 million, up by 7.4%), Bally’s ($12.2 million, up by 49%), Caesars ($19 million, up by 0.7%), Harrah’s ($21.3 million, up by 7.4%), and Hard Rock […]