Missouri Sports Betting Ballot Measure Approved By Voters
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Missouri voters authorized legal mobile and retail sports betting wagering, allowing regulated books to take bets next year.
The sports betting wagering ballot step passed by a slim bulk early Wednesday morning after more than 2.9 million votes were counted.
Seven of the 8 states bordering Missouri permit mobile or retail sportsbooks. That consists of Kansas and Illinois, which divided 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 wagering. It is the only state to approve sports betting this year.
" Missouri has a few of the very 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, said in a . "On behalf of all 6 of Missouri's expert sports betting franchises, we desire to thank the Missouri voters who made their voices heard by approving Amendment 2. This historical vote makes Missouri the 39th state to legislate sports betting and ensures we no longer lose valuable tax earnings to our surrounding states. Most importantly, the passage of Amendment 2 indicates a brand-new, dedicated, long-term funding stream for Missouri classrooms."
Missouri sports betting next actions
Voter approval implies as much as 14 mobile sportsbooks might start accepting bets next year. It is not likely all 14 readily available licenses are used.
DraftKings and FanDuel funded almost every dollar of the "yes" project and will unquestionably use to take bets in the Show Me State. They will likely each pursue the two "untethered" licenses offered without needing to partner with a Missouri brick-and-mortar casino or sports betting team (and pay an accompanying fee).
Six licenses are offered to each Missouri gambling establishment operator, respectively. Caesars, in spite of opposing the ballot procedure, will likely use its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will likewise likely introduce their particular books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays unclear if they will launch mobile sportsbooks.
The remaining 6 licenses are booked for each of the significant expert sports betting teams 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 popular advocates of the ballot measure.
In addition to DraftKings, FanDuel and Caesars, Missouri gamblers need to anticipate other leading national brands consisting of BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.
Launch probability tiers IF Missouri citizens approve sports betting wagering:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Highly likely: Fanatics, bet365, ESPN BET
Are Already Live In Illinois, So Yeah(?): BetRivers, Acid Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's tally step allows every Missouri casino to open retail sportsbooks on their particular properties. Most if not all 13 gambling establishments managed by the six gambling establishment operators are expected to open in-person wagering options such as wagering kiosks and possibly committed, full-service sportsbooks.
The 6 sports betting teams can also open in-person sportsbooks within or surrounding to their particular home playing places. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among jurisdictions that enable in-stadium retail sportsbooks.
The language around the ballot step requires the first certified 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, perennially books' most rewarding time of the sports betting calendar.
Missouri sports betting wagering background
The effective Missouri sports betting wagering project comes in spite of millions in financing opposing the measure from among the state's largest gambling stakeholders.
Caesars spent millions of dollars to beat the step. In a lot of other states that connect online sports betting wagering with a state's brick-and-mortar casinos, an operator is granted a minimum of one license per managed property.
Because situation 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 model, business can either open extra in-house books or, more commonly, farm out the license to a competitor that pays an accompanying cost in exchange.
FanDuel and DraftKings, which have approximately two-thirds of U.S. nationwide sports betting handle market share, could potentially have an upper hand on their rivals 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 prefer the two national market leaders.
Polling previously in the year showed the "yes" vote with a minor lead. Support efforts were boosted by 10s of millions invested by DraftKings and FanDuel.
A series of tv and radio ads concentrated on the earnings legal sportsbooks would produce for Missouri public education. Opponents, funded mainly by Caesars, argued the fans' advertisements were misleading and the 10s of countless predicted dollars raised would have a minimal effect in a state that currently invests billions on education each year.
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