Missouri Sports Betting Ballot Measure Approved By Voters
Missouri citizens authorized legal mobile and retail sports betting, allowing regulated books to take bets next year.
The sports betting wagering ballot procedure passed by a slim bulk early Wednesday morning after more than 2.9 million votes were counted.
Seven of the eight states surrounding Missouri allow mobile or retail sportsbooks. That includes Kansas and Illinois, which divided the Kansas City and St. Louis metro areas with Missouri, respectively.
Missouri is the 39th state to approve legal sportsbooks and the 31st to green light statewide mobile wagering. It is the only state to approve sports betting this year.
" Missouri has some of the finest sports betting fans worldwide and they appeared big for their favorite teams on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, stated in a declaration. "On behalf of all six of Missouri's expert sports betting franchises, we desire to thank the Missouri citizens who made their voices heard by approving Amendment 2. This historical vote makes Missouri the 39th state to legalize sports betting and guarantees we no longer lose valuable tax profits to our surrounding states. Most notably, the passage of Amendment 2 indicates a brand-new, dedicated, permanent funding stream for Missouri class."
Missouri sports betting next actions
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Voter approval implies approximately 14 mobile sportsbooks could begin accepting bets next year. It is unlikely all 14 offered licenses are utilized.
DraftKings and FanDuel funded almost every dollar of the "yes" campaign and will certainly apply to take bets in the Show Me State. They will likely each pursue the 2 "untethered" licenses readily available without having to partner with a Missouri brick-and-mortar casino or sports betting team (and pay an accompanying fee).
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Six licenses are readily available to each Missouri casino operator, respectively. Caesars, despite opposing the tally step, will likely use its license to launch the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will likewise likely introduce their respective books.
The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays unclear if they will introduce mobile sportsbooks.
The remaining 6 licenses are booked for each of the significant professional sports betting groups that play home video 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 amongst the most prominent proponents of the ballot measure.
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In addition to DraftKings, FanDuel and Caesars, Missouri wagerers need to expect other prominent nationwide brands consisting of BetMGM, bet365, BetRivers and Fanatics to seek market access.
Launch possibility tiers IF Missouri citizens authorize sports betting wagering:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Very most likely: Fanatics, bet365, ESPN BET
Are Already Reside In Illinois, So Yeah(?): BetRivers, Hard Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's ballot step enables every Missouri casino to open retail sportsbooks on their respective residential or commercial properties. Most if not all 13 casinos handled by the six casino operators are expected to open in-person wagering alternatives such as wagering kiosks and possibly dedicated, full-service sportsbooks.
The six sports betting teams can likewise open in-person sportsbooks within or surrounding to their particular home playing places. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that permit in-stadium retail sportsbooks.
The language around the ballot measure needs the first licensed sportsbooks to begin accepting wagers by Dec. 1, 2025. Operators will likely deal with regulators to go live before kick-off of the fall 2025 football season, continually books' most profitable time of the sports betting calendar.
Missouri sports betting wagering background
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The effective Missouri sports betting campaign comes in spite of millions in funding opposing the step from one of the state's largest gambling stakeholders.
Caesars invested countless dollars to beat the measure. In a lot of other states that connect online sports betting wagering with a state's brick-and-mortar casinos, an operator is given at least one license per managed home.
Because scenario in Missouri, Caesars would be paid for at least 3 possible licenses, one for each casino it handles. Instead, Caesars just has one. In states with the license-per-property design, business can either open extra in-house books or, more typically, subcontract the license to a rival that pays an accompanying cost in exchange.
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FanDuel and DraftKings, which have roughly two-thirds of U.S. across the country sports betting manage market share, might possibly have an upper hand on their competitors by earning the set of untethered licenses. It remains to be seen which 2 books will earn these slots, but the language around the tally step would seem to favor the 2 national market leaders.
Polling earlier in the year revealed the "yes" vote with a . Support efforts were strengthened by 10s of millions invested by DraftKings and FanDuel.
A series of tv and radio ads concentrated on the profits legal sportsbooks would produce for Missouri public education. Opponents, funded mostly by Caesars, argued the fans' advertisements were deceptive and the tens of countless forecasted dollars raised would have a minimal effect in a state that currently invests billions on education annually.