Missouri voters authorized legal mobile and retail sports betting, allowing controlled books to take bets next year.
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The sports betting tally procedure passed by a slim bulk early Wednesday early morning after more than 2.9 million votes were counted.
Seven of the 8 states surrounding Missouri allow mobile or retail sportsbooks. That consists of Kansas and Illinois, which divided the Kansas City and St. Louis city locations 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 authorize sports betting wagering this year.
" Missouri has some of the very best sports betting fans in the world and they appeared huge for their preferred groups on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, said in a declaration. "On behalf of all 6 of Missouri's expert sports betting franchises, we wish to thank the Missouri citizens 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 important tax income to our surrounding states. Most importantly, the passage of Amendment 2 means a new, devoted, irreversible funding stream for Missouri class."
Missouri sports betting next steps
Voter approval means as much as 14 mobile sportsbooks might start accepting bets next year. It is not likely all 14 available licenses are utilized.
DraftKings and FanDuel funded almost every dollar of the "yes" project and will certainly apply to take bets in the Show Me State. They will likely each pursue the 2 "untethered" licenses readily available without needing to partner with a Missouri brick-and-mortar gambling establishment or sports betting team (and pay an accompanying fee).
Six licenses are readily available to each Missouri gambling establishment operator, respectively. Caesars, despite opposing the tally procedure, will likely utilize its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will also likely introduce their respective books.
The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains unclear if they will release mobile sportsbooks.
The remaining six licenses are reserved for each of the major 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 organizations were among the most prominent proponents of the ballot step.
Together with DraftKings, FanDuel and Caesars, Missouri wagerers ought to anticipate other leading nationwide brands consisting of BetMGM, bet365, BetRivers and Fanatics to seek market gain access to.
Launch possibility 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, Hard Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's ballot procedure allows every Missouri casino to open retail sportsbooks on their respective properties. Most if not all 13 gambling establishments handled by the six gambling establishment operators are expected to open in-person wagering choices 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 locations. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among jurisdictions that allow in-stadium retail sportsbooks.
The language around the tally measure requires the very 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, perennially books' most profitable time of the sports betting calendar.
Missouri sports betting background
The successful Missouri sports betting wagering project comes regardless of millions in funding opposing the procedure from among the state's largest gambling stakeholders.
Caesars invested countless dollars to defeat the step. In the majority of other states that connect 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 situation in Missouri, Caesars would be afforded at least 3 possible licenses, one for each casino it handles. Instead, Caesars just has one. In states with the license-per-property design, companies can either open books or, more commonly, subcontract the license to a rival that pays an accompanying fee in exchange.
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FanDuel and DraftKings, which have roughly two-thirds of U.S. across the country sports betting wagering manage market share, could possibly have a leg up on their rivals by making the set of untethered licenses. It remains to be seen which two books will earn these slots, but the language around the ballot measure would appear to prefer the two national market leaders.
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Polling previously in the year showed the "yes" vote with a slight lead. Support efforts were bolstered by 10s of millions spent by DraftKings and FanDuel.
A series of tv and radio advertisements concentrated on the revenue legal sportsbooks would produce for Missouri public education. Opponents, funded mainly by Caesars, argued the supporters' ads were deceptive and the 10s of countless predicted dollars raised would have a minimal effect in a state that currently spends billions on education annually.
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Missouri Sports Betting Ballot Measure Approved By Voters
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