Missouri Sports Betting Ballot Measure Approved By Voters
Missouri voters authorized legal mobile and retail sports betting wagering, allowing controlled books to take bets next year.
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The sports betting wagering tally procedure gone by a slim bulk early Wednesday morning after more than 2.9 million votes were counted.
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Seven of the 8 states surrounding Missouri enable mobile or retail sportsbooks. That consists of Kansas and Illinois, which split the Kansas City and St. Louis city areas with Missouri, respectively.
Missouri is the 39th state to approve legal sportsbooks and the 31st to green light statewide mobile sports betting. It is the only state to approve sports betting wagering this year.
" Missouri has some of the best sports betting fans worldwide and they appeared huge for their preferred groups on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, stated in a declaration. "On behalf of all 6 of Missouri's professional sports betting franchises, we wish to thank the Missouri citizens who made their voices heard by authorizing Amendment 2. This historic vote makes Missouri the 39th state to legalize sports betting and guarantees we no longer lose valuable tax profits to our surrounding states. Most importantly, the passage of Amendment 2 means a brand-new, devoted, long-term financing stream for Missouri class."
Missouri sports betting wagering next steps
Voter approval means as much as 14 mobile sportsbooks might start accepting bets next year. It is not likely all 14 readily available licenses are utilized.
DraftKings and FanDuel financed nearly every dollar of the "yes" campaign and will unquestionably apply to take bets in the Show Me State. They will likely each pursue the two "untethered" licenses readily available without needing to partner with a Missouri brick-and-mortar gambling establishment or sports betting team (and pay an accompanying cost).
Six licenses are readily available to each Missouri gambling establishment operator, respectively. Caesars, despite opposing the tally procedure, will likely use its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will also likely introduce their particular books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains unclear if they will introduce mobile sportsbooks.
The staying six licenses are scheduled for each of the significant professional sports betting groups that play home games in Missouri: MLB's Kansas City Royals and Cardinals, the NFL's Kansas City Chiefs, NHL's St. Louis Blues, MLS' St. Louis City SC and the NWSL's Kansas City Current. The sports betting companies were among the most prominent proponents of the ballot measure.
Together with DraftKings, FanDuel and Caesars, Missouri wagerers ought to anticipate other prominent national brand names consisting of BetMGM, bet365, BetRivers and Fanatics to look for market access.
Launch possibility tiers IF Missouri citizens approve sports betting wagering:
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Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Highly likely: Fanatics, bet365, ESPN BET
Are Already Reside In Illinois, So Yeah(?): BetRivers, Acid Rock, Circa
Opposed Referendum But Still Might: Caesars
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Missouri's ballot procedure enables every Missouri casino to open retail sportsbooks on their respective properties. Most if not all 13 casinos managed by the six casino operators are expected to open in-person sports betting choices such as sports betting kiosks and possibly devoted, full-service sportsbooks.
The 6 sports betting groups can likewise open in-person sportsbooks within or nearby to their particular home playing locations. Missouri will sign up with Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that permit in-stadium retail sportsbooks.
The language around the ballot measure requires the very first licensed sportsbooks to begin accepting wagers by Dec. 1, 2025. Operators will likely work with regulators to go live before kick-off of the fall 2025 football season, continually books' most lucrative time of the sports betting calendar.
Missouri sports betting background
The successful Missouri sports betting project comes in spite of millions in funding opposing the measure from among the state's biggest gambling stakeholders.
Caesars spent countless dollars to beat the measure. In the majority of other states that tie online sports betting wagering with a state's brick-and-mortar casinos, an operator is granted at least one license per managed home.
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In that circumstance in Missouri, Caesars would be afforded at least 3 possible licenses, one for each casino it handles. Instead, Caesars only has one. In states with the license-per-property design, companies can either open additional internal books or, more commonly, subcontract the license to a rival that pays an accompanying charge in exchange.
FanDuel and DraftKings, which have roughly two-thirds of U.S. nationwide sports betting share, could possibly have an upper hand on their rivals by making the pair of untethered licenses. It stays to be seen which 2 books will make these slots, but the language around the ballot procedure would seem to prefer the two national market leaders.
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Polling previously in the year revealed the "yes" vote with a minor lead. Support efforts were reinforced by tens of millions invested by DraftKings and FanDuel.
A series of tv and radio advertisements concentrated on the revenue legal sportsbooks would produce for Missouri public education. Opponents, moneyed mostly by Caesars, argued the advocates' advertisements were misleading and the 10s of countless projected dollars raised would have a minimal impact in a state that already spends billions on education annually.