JEFFERSON CITY, Mo. (KMOX) — A bill before the Missouri Senate Thursday could legalize sports betting in the Show-Me State.

Senator Denny Hoskins, the bill’s sponsor, says he estimates the proposed tax on sports betting would create anywhere between $6 and $21 million in revenue for education programs.

"This is not the pot of gold at the end of the rainbow, and it will not solve all the needs and wants in the state of Missouri," Hoskins stated today. "But it is a start."

Related: Missouri Lawmakers to Consider Sports Betting, Redistricting

Senator Hoskins also said the revenue from two additional fees on the betting would support veteran programs and improvements to sports facilities.

The bill would authorize sports betting on Missouri's riverboat casinos. However, people could also place bets online if they physically register to do so at an approved casino.

This comes on the heels of a Supreme Court decision in 2018 to overturn a federal ban on sports wagering.

Read the full summary of Senate Bill 44 here.