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Mississippi moves forward with sports betting regulations

Mississippi is nearing the launch of regulated sports betting following the state gaming commission's adoption of new sports betting regulations.

The new regulations allow sports betting to take place at the state's land-based casinos, with no provision for a wider online offering beyond mobile wagering within the venues.

Casino licence-holders can partner with third parties for "operational, technical or other associated support", with these third parties required to secure manufacturer or distributor licences from the Mississippi Gaming Commission.

Operators will be required to pay a tax of 12 per cent of gross wagering revenue, and to report any wins of more than $10,000 to the Commission. 

Betting will be limited to professional sports, with wagering on any amateur sport or athletic event - other than those organised by the International Olympic Committee -prohibited. Betting on elections for public office and any other event that the commission's executive director deems "contrary to public policy " is also prohibited.

The regulations further state that all suspicious activity must be reported to the Commission, with immediate reports to be filed in the event that over $5,000 is wagered. 

The regulations follow the adoption of HB967, a bill that provided permanent regulations for fantasy sports contests. Signed into law by Mississippi Governor Phil Bryant in March 2017, the bill removed language prohibiting wagering on sports, subject to the repeal of PASPA.

The new regulations mean that Mississippi could launch legal sports betting from July 21st.

http://www.gamingintelligence.com

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