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Bill to legalize sports betting in Montana advances in the Legislature

Posted at 12:17 PM, Mar 24, 2019
and last updated 2019-03-24 14:17:31-04

HELENA – A bill to legalize sports betting in Montana has passed out of a Senate committee.

The Senate Business and Labor Committee voted eight-to-two on Friday to send the bill to the Senate floor.

The bill establishes licenses and permit fees for sports-book operators and taxes gross betting receipts at 8.5 percent.

A fiscal note on the original bill estimated it would raise $2 million in taxes in 2021 and $3.5 million dollars by the next year.