Missouri sports betting brought in roughly $543 million in just one month. The amount the state could actually receive from that total ranges from zero to about $500,000.

For years, voters have been promised that gambling would generate major tax revenue for the state. The real numbers tell a very different story.

Compared to the massive amount of money being wagered, the state’s share is a tiny fraction. Yet the promise of “more revenue” remains the primary argument used to justify expansion.

Dale Jackson is a thought leader for Yellowhammer News and hosts a talk show from 5-9 a.m. weekdays on WVNN.