Missouri Sports Betting Ballot Measure Approved By Voters
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Missouri citizens authorized legal mobile and retail sports betting, permitting regulated books to take bets next year.
The sports betting tally step passed by a slim bulk early Wednesday morning after more than 2.9 million votes were counted.
Seven of the 8 states surrounding Missouri permit mobile or retail sportsbooks. That includes Kansas and Illinois, which divided the Kansas City and St. Louis city locations with Missouri, respectively.
Missouri is the 39th state to authorize 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 a few of the finest sports betting fans in the world and they appeared big for their favorite groups on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, stated in a statement. "On behalf of all 6 of Missouri's expert sports betting franchises, we wish to thank the Missouri voters who made their voices heard by authorizing Amendment 2. This historical vote makes Missouri the 39th state to legalize sports betting and ensures we no longer lose important tax income to our neighboring states. Most significantly, the passage of Amendment 2 indicates a new, devoted, irreversible funding stream for Missouri class."
Missouri sports betting next actions
Voter approval implies as much as 14 mobile sportsbooks could start accepting bets next year. It is not likely all 14 readily available licenses are utilized.
DraftKings and FanDuel funded nearly 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 offered without needing to partner with a Missouri brick-and-mortar gambling establishment or sports betting group (and pay an accompanying fee).
Six licenses are readily available to each Missouri casino operator, respectively. Caesars, despite opposing the ballot procedure, will likely utilize its license to release the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will likewise likely release their respective books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays unclear if they will introduce mobile sportsbooks.
The remaining six licenses are scheduled 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 companies were amongst the most prominent advocates of the tally step.
In addition to DraftKings, FanDuel and Caesars, Missouri bettors ought to anticipate other prominent national brand names including BetMGM, bet365, BetRivers and Fanatics to look for market access.
Launch probability tiers IF Missouri citizens authorize sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Likely: Fanatics, bet365, ESPN BET
Are Already Live In Illinois, So Yeah(?): BetRivers, Hard Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's tally measure permits every Missouri gambling establishment to open retail sportsbooks on their respective homes. Most if not all 13 gambling establishments managed by the 6 gambling establishment operators are expected to open in-person wagering choices such as sports betting kiosks and potentially devoted, full-service sportsbooks.
The 6 sports betting groups can likewise open in-person sportsbooks within or nearby to their respective home playing locations. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that enable in-stadium retail sportsbooks.
The language around the tally procedure requires the first licensed sportsbooks to start 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 lucrative time of the sports betting calendar.
Missouri sports betting background
The effective Missouri sports betting wagering campaign comes in spite of millions in financing opposing the measure from one of the state's largest gambling stakeholders.
Caesars spent millions of dollars to defeat the procedure. In many other states that connect online sports betting wagering with a state's brick-and-mortar casinos, an operator is approved a minimum of one license per handled residential or commercial property.
In that situation in Missouri, Caesars would be managed at least three prospective licenses, one for each casino it handles. Instead, Caesars only has one. In states with the license-per-property model, companies can either open additional internal books or, more typically, subcontract the license to a rival that pays an accompanying charge in exchange.
FanDuel and DraftKings, which have roughly two-thirds of U.S. across the country sports betting deal with market share, could potentially have an upper hand on their competitors by earning the pair of untethered licenses. It stays to be seen which two books will make these slots, but the language around the would seem to prefer the 2 national market leaders.
Polling previously in the year revealed the "yes" vote with a minor lead. Support efforts were bolstered by tens of millions spent by DraftKings and FanDuel.
A series of tv and radio ads focused on the revenue legal sportsbooks would produce for Missouri public education. Opponents, moneyed mainly by Caesars, argued the fans' advertisements were deceptive and the 10s of millions of forecasted dollars raised would have a negligible effect in a state that currently spends billions on education every year.
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