Missouri Sports Betting Ballot Measure Approved By Voters
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Missouri citizens authorized legal mobile and retail sports betting, allowing controlled books to take bets next year.
The sports betting ballot step gone by a slim majority early Wednesday early morning after more than 2.9 million votes were counted.
Seven of the eight states surrounding Missouri enable mobile or retail sportsbooks. That includes Kansas and Illinois, which divided the Kansas City and St. Louis city areas with Missouri, respectively.
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Missouri is the 39th state to authorize legal sportsbooks and the 31st to green light statewide mobile wagering. It is the only state to approve sports betting wagering this year.
" Missouri has some of the very best sports betting fans in the world and they revealed up 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 approving Amendment 2. This historical vote makes Missouri the 39th state to legalize sports betting and ensures we no longer lose important tax revenue to our surrounding states. Most significantly, the passage of Amendment 2 indicates a brand-new, devoted, long-term funding stream for Missouri classrooms."
Missouri sports betting wagering next actions
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Voter approval implies as much as 14 mobile sportsbooks might start accepting bets next year. It is unlikely all 14 offered licenses are used.
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DraftKings and FanDuel financed 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 needing to partner with a Missouri brick-and-mortar casino or sports betting group (and pay an accompanying charge).
Six licenses are available to each Missouri gambling establishment operator, respectively. Caesars, despite opposing the ballot procedure, will likely use its license to release the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will also likely introduce 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 staying six licenses are scheduled for each of the major expert 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 supporters of the ballot procedure.
Together with DraftKings, FanDuel and Caesars, Missouri gamblers need to expect other leading national brands including BetMGM, bet365, BetRivers and Fanatics to seek market access.
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Launch possibility tiers IF Missouri citizens authorize sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
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 measure permits every Missouri casino to open retail sportsbooks on their particular properties. Most if not all 13 gambling establishments handled by the 6 casino operators are anticipated to open in-person wagering options such as sports betting kiosks and possibly dedicated, .
The six sports betting teams can likewise open in-person sportsbooks within or nearby to their particular home playing locations. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among jurisdictions that enable in-stadium retail sportsbooks.
The language around the tally 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 financially rewarding 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 many other states that connect online sports betting with a state's brick-and-mortar casinos, an operator is granted a minimum of one license per managed home.
In that circumstance in Missouri, Caesars would be paid for at least 3 possible licenses, one for each gambling establishment it manages. Instead, Caesars just has one. In states with the license-per-property design, business can either open additional internal books or, more typically, farm out 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 handle market share, might potentially have a leg up on their rivals by making the pair of untethered licenses. It remains to be seen which two books will make these slots, however the language around the ballot procedure would seem to prefer the 2 nationwide 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 television and radio ads concentrated on the revenue legal sportsbooks would produce for Missouri public education. Opponents, moneyed mainly by Caesars, argued the fans' ads were deceptive and the 10s of millions of predicted dollars raised would have a minimal impact in a state that already spends billions on education each year.
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