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Despite sports betting bump from World Cup, Missouri sees second-lowest monthly total in taxable revenue
['Mitchell Kaminski']
ABC17NEWS
Despite the increase in wagering, taxable revenue fell sharply.
However, Ryan Butler, a senior news analyst at Covers.com, said promotional and free World Cup bets were not the only reason taxable revenue declined in June.
When sports betting appeared on the ballot in Missouri, one of its most-vocal supporters was the group Winning for Missouri Education.
However, operators are allowed to deduct certain expenses and must also contribute to the compulsive gambling prevention fund before taxable revenue is calculated.
The ballot language also allows for the possibility that no money would go to schools if taxable revenue is too low.