Bill > HB970

This bill establishes a comprehensive framework for implementing video lottery game terminals (VLTs) in Missouri, creating a new system of regulated electronic gambling machines in licensed establishments. The legislation creates the "Honoring Missouri Veterans and Supporting Missouri Education Act", which aims to generate additional funding for education and veterans' services through a regulated video lottery system. Key provisions include establishing licensing requirements for video lottery game manufacturers, distributors, operators, retailers, and handlers; mandating strict technical standards for gaming terminals; setting a 34% tax on adjusted gross gaming revenue; limiting terminals to eight per location; prohibiting play for individuals under 21; and requiring terminals to be located in specific gaming areas within licensed establishments. The bill specifies that video lottery game terminals must have a minimum 80% payout rate, with a maximum single play wager of four dollars, and creates an Illegal Gaming Enforcement Fund to support investigation and prosecution of gaming violations. Municipalities and counties are given the option to opt-out of allowing video lottery terminals within their jurisdictions, and the bill establishes detailed rules for terminal placement, operation, and revenue distribution, with proceeds primarily directed to public education and higher education programs.