News Summary

• December 1st marks the first day that legalized sports betting is permitted in the state of Missouri.
• This article discusses the tax rules for sports betting and some special considerations that Missourians should consider as they fire up their mobile phone apps and start making their bets.summarize in 5 sentences: ByNathan Goldman,Contributor.
• Missouri now becomes the 39th U.S. State to allow legalized sports gambling.
• While sports betting has grown into a form of entertainment for sports fans, many of those engaging in the activity may not be aware of the significant tax consequences.