I’m still undecided on these two amendments and would appreciate any insights. Here are condensed details about each amendment:
AMENDMENT 2 – Authorization of Sports Betting
Should the Missouri Constitution be changed to:
- Enable the Missouri Gaming Commission to oversee licensed sports betting, including online options, betting boats, and mobile operations;
- Limit betting to individuals over 21 and physically present within Missouri;
- Allocate a 10% tax on revenues for education, after the Commission’s administrative expenses and compulsive gambling prevention funding;
- Permit the legislature to create laws that align with this amendment?
Estimated costs for state entities are $660,000 initially, with ongoing expenses exceeding $5.2 million annually, while initial licensing fees might yield $11.75 million. Tax revenue could range from $0 to $28.9 million. Local governments’ revenues are uncertain.
Pros: Advocates argue that legalizing sports betting could boost state revenue, particularly for education, similar to 38 other states.
Cons: Critics warn it may worsen compulsive gambling issues and believe the projected revenue is insufficient to offset societal costs.
AMENDMENT 5 – New Casino at Lake of the Ozarks
Should the Missouri Constitution be modified to:
- Permit the issuance of an extra gambling boat license on the portion of the Osage River from the Missouri River to Bagnell Dam?
- Mandate that the location includes artificial water spaces within 500 feet of FEMA-defined flood elevations?
- Ensure that all state-provided revenues from this license go to early-childhood literacy programs in public elementary schools?
State financial forecasts suggest one-time costs of $763,000, ongoing annual costs around $2.2 million, initial fee revenue of $271,000, and potential gaming tax income of $14.3 million annually, with local revenue still unknown.
Pros: Supporters believe the new boat would fund early literacy programs and boost local employment and economics.
Cons: Detractors argue it may hinder the Osage Nation’s efforts to establish their own casino and question whether the revenue will significantly enhance educational funding.
Remember that early voting is currently available until election day!