Don't think it will pass the Senate, where they just killed a much better bill, but the House voted to pass a bill that legalizes app-based sports gambling in the state.
Mississippi House passes online sports gambling bill
- Thread starter 615dawg
- Start date
Come on, Senate!
We need more opportunities to part fools and their money.
We need more opportunities to part fools and their money.
I thought SB2249 was better. Some might disagree. But it shows that the Senate is not interested in advancing mobile sports betting. If the Senate wont pass their bill, they won't pass the House bill.
Key details of SB 2249 include:
- Platform-and-Licensee Model: The bill allows licensed casinos in Mississippi to partner with up to two third-party operators ("platforms") to offer online sports pools and race books.
- Legal Requirements: Platforms must obtain a manufacturer's and distributor's license and use geofencing technology to ensure users are physically within Mississippi.
- Age Restriction: Only individuals 21 or older may participate.
- Taxation and Revenue: A 12% fee on gross revenue from online betting will be collected, with funds directed to the Mississippi HOPE Scholarship Program.
- Timeline: If passed, the act is set to take effect on July 1, 2026, with online wagering authorized to begin by January 9, 2027.
- Purpose: To create the Mississippi Mobile Sports Wagering Act, authorizing mobile sports betting within the state.
- Scope: The bill includes provisions regarding tidelands and child support, as noted in the bill summary.
The cusinahs will spend another fortune to defeat this in the Senate
I used to be indifferent to mobile betting but I honestly hope we don’t pass this now. I get that people need to be responsible for their own actions but I think online betting is so popular at colleges that kids are damn near bankrupt now from gambling debts.
A 15 leg parlay is investing, not gambling.
I use to be all about it but that **** is destroying college aged kids.
It’s so normalized people don’t think anything of it. It’s not real money it’s just on an app!
It’s so normalized people don’t think anything of it. It’s not real money it’s just on an app!
It’s not just the kids. Like another poster in this thread said, I’m usually all for letting people do what they want but reap the consequences. But I’m also in favor of not making it super easy for people to make terrible decisions. Losing $20-30 per day from their couch is messing up a lot of people.
Making student loans illegal for 18 year olds would be much more beneficial than limiting gambling.
Guess I could have never went to college and law school. Sounds like great idea.
The casinos should work for it instead of against it. Online will be the only way they get any of what little money I would bet because I’m not driving 30+ miles to place a $10-20 bet.
Jason White has been paid handsomely by fanduel and draftkings to push this bill through the past two years, even got a super bowl ticket last year for it.
% this. There’s no reason they can’t work something out. This would be great for the ones just hanging on like Natchez, Greenville, etc.
Yes, yes you could have
my parents were poor by those days standards, and I was the oldest of 4
my grades got me two years at a juco.
Worked my *** off that last summer framing houses and doing commercial lawn care on weekends.
Transferred to state and entered the cooperative education program where I worked a semester and went to school a semester until I graduated.
Plus, without student loans, the cost of a college education would drop dramatically.
I’m a smart guy. And, I understand the relationship between financial hedges and prediction markets.
But how are we justifying prediction markets being okay, but not gambling?
Government guaranteed student loans should be illegal. But if the student can qualify for a regular loan, go for it.
That’d be a start. Student loans not being bankruptable is the biggest scam in US history.
True which is why trump doesn't list nursing as professional degree. Them decreasing the amount you're able to borrow is a good idea too. Schools will be forced to be accountable and stop just throwing dollars away at staff not necessarily needed, etc.
That said, you need student loans. To think you can hold a job in law, vet, medical school is not realistic. I'm sure that people have done it but it's a job itself. You go to school all day and when you get home, you study all night.
The government loans are 6% or so. They make good money when it goes back to people paying again. They need to cap amounts and lower rates to make paying back affordable. That or leave the income driven repayment in place, you'll just be paying these for 25 years, etc.
No idea. And polymarket just got sued today for masquerading as something that’s not gambling so I think the end is near for these guys using a verbiage loophole
My thinking on this has evolved as well. I used to be all for legalized gambling/lotto/etc. The vibes tell me we've swung too far in allowing gambling; at a minimum today, I'd be in favor of drastically reducing the industry's ability to advertise.
Fixing student loans is the answer not doing away with them. Far more people have improved their life with student loans than been harmed by them. You just don’t hear about that in the news. More guardrails are needed for sure.
They shouldn't be govt funded. Let private enterprise assess risk and lend accordingly.
That would result in generally well off people attending college. And you can spare me about you pulled yourself up by your bootstraps and did it all on your own…. I’m not saying that isn’t possible but most people can’t do that. And honestly I think it’s nice to have a college experience that goes along with getting a degree, like having time to meet people and have fun. Not just working and school.
Just my opinion, but I can think of a lot of things I’d rather the government not participate in vs student loans. Like I said before, student loans have likely done way more good than harm and I’m ok with the government using tax dollars for that. But I’d 100% agree more guardrails need to be in place.
The government (federal) used to do a lot more to help children get a college education - like providing huge sums of money to the states in support of their public universities. That changed in the early 80's.
That's the primary reason the cost for me to attend MSU as a percentage of my family's meager income at the time was a hellofalot less than it is for families today. The whole student loan program, as a result, has turned into a racket. Follow the money and look who really profits. It's not the universities and colleges and it sure ain't the students.
That's the primary reason the cost for me to attend MSU as a percentage of my family's meager income at the time was a hellofalot less than it is for families today. The whole student loan program, as a result, has turned into a racket. Follow the money and look who really profits. It's not the universities and colleges and it sure ain't the students.
Well its driving the price up for everyone since the universities know they are getting their money.
I don’t disagree with that. I’ve said multiple times changes are needed to it. I don’t know the ins and outs of student loans enough to know exactly what those changes are. But I believe government started guaranteeing student loans in the 50’s or 60’s. Tuition didn’t start skyrocketing until the 2000’s. Fix whatever caused that, don’t just throw a successful program out.
My two cents: colleges and universities began spending lots of money to provide recreation centers, apartment-style dorms, food malls, etc. to attract students. The availability of (basically) unlimited student loan money to get multiple (often unmarketable) degrees contributed greatly to this. Another poster said the student loan industry has become a racket, and I agree.
In my opinion, the primary causes of skyrocketing tuition are campus "improvements" and the ease of obtaining student loans.
Wealthy people like those improvements. Wealthy people make decisions to add those big ticket entertainment packages and resort-like amenities in the arms race to increase or at least maintain their customer base. Wealthy parents like having those things for the kids.