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At a hearing Tuesday, Missouri State Treasurer Vivek Malek said the idea to place ads on machines owned by Torch Electronics stems from a meeting he had in a Chesterfield airplane hangar owned by the company’s lobbyist.
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The chair of a Missouri House appropriations committee is demanding Treasurer Vivek Malek answer questions about the state’s involvement with Torch Electronics. The machines have been controversial for years, with some GOP lawmakers and state gaming officials arguing they are illegal gambling devices.
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Gambling industry lobbyists say a bipartisan bill that would prohibit smoking in Kansas casinos would drive customers away.
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With the Kansas City Chiefs back in the Super Bowl, Kansas sports bettors — and Taylor Swift fans — are wagering millions of dollars on the team to win. But that doesn't necessarily mean money for the state of Kansas. Plus: Kansas City's legendary "Sodfather" won't be working this Super Bowl, for the first time ever.
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Kansas' gaming law, which followed years of legislative debate over the merits of sports betting, is written to allow sports betting companies who partner with casinos to deduct promotional subsidies from taxable revenue.
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During the past two legislative sessions, the Missouri House of Representatives has passed bills legalizing sports betting in the state. However, its continued failure to advance in the Senate could lead to the issue being decided by voters instead.
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Legal sports betting in Kansas came with mobile casinos that offer easy access to place wagers online. Experts say that also comes with a higher risk of addiction.
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When Kansas lawmakers legalized sports betting, they seemingly gave lobbyists for casinos everything they wanted. That includes tax exemptions on promotional bets that are aimed at getting bettors hooked.
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"Even though we’re in a fairly red state, we are having some more progressive policies, a little left of center policies, wanted by voters on both guns and school safety," poll director says.
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Wagers are well underway in Kansas under the state's new sports betting system. But taxable revenues from the industry have nearly disappeared, thanks to questionable deductions and the state's comparably small share of the profits.
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People who work with problem gamblers say more money needs to be allocated to treat gambling addictions.
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Kansas legalized wagering on sports just in time for football season. At Hollywood Casino in Kansas City, Kansas, fans filled the sportsbook room eager to place bets.