Missouri Sports Betting Ballot Measure Approved By Voters
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Missouri citizens approved legal mobile and retail sports betting wagering, allowing managed books to take bets next year.
The sports betting tally measure gone by a slim majority early Wednesday early morning after more than 2.9 million votes were counted.
Seven of the 8 states bordering Missouri allow mobile or retail sportsbooks. That includes Kansas and Illinois, which divided the Kansas City and St. Louis city locations with Missouri, respectively.
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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 approve sports betting wagering this year.
" Missouri has a few of the very best sports betting fans worldwide 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 desire 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 wagering and guarantees we no longer lose important tax income to our neighboring states. Most importantly, the passage of Amendment 2 suggests a brand-new, dedicated, permanent funding stream for Missouri class."
Missouri sports betting next steps
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Voter approval suggests approximately 14 mobile sportsbooks could start accepting bets next year. It is not likely all 14 readily available licenses are utilized.
DraftKings and FanDuel financed nearly 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 cost).
Six licenses are available to each Missouri casino operator, respectively. Caesars, regardless of opposing the ballot procedure, will likely utilize its license to release the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will likewise likely release their respective books.
The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains uncertain if they will introduce mobile sportsbooks.
The staying six licenses are reserved 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 among the most popular supporters of the tally procedure.
In addition to DraftKings, FanDuel and Caesars, Missouri bettors must expect other prominent nationwide brand names consisting of BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.
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Launch probability tiers IF Missouri citizens authorize sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Highly likely: Fanatics, bet365, ESPN BET
Are Already Reside In Illinois, So Yeah(?): BetRivers, Acid Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's ballot measure enables every Missouri gambling establishment to open retail sportsbooks on their particular residential or commercial properties. Most if not all 13 gambling establishments handled by the 6 casino operators are anticipated to open in-person wagering options such as wagering kiosks and possibly committed, full-service sportsbooks.
The six sports betting teams can likewise open in-person sportsbooks within or nearby to their respective home playing places. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that allow in-stadium retail sportsbooks.
The language around the tally step needs the very first licensed sportsbooks to start accepting wagers by Dec. 1, 2025. Operators will likely work with regulators to go live before kick-off of the fall 2025 football season, continually books' most financially rewarding time of the sports betting calendar.
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Missouri sports betting wagering background
The effective Missouri sports betting wagering project comes despite millions in funding opposing the procedure from among the state's largest sports betting stakeholders.
Caesars spent millions of dollars to beat the measure. In many other states that connect online sports betting with a state's brick-and-mortar casinos, an operator is approved at least one license per handled home.
Because scenario in Missouri, Caesars would be paid for at least 3 prospective licenses, one for each casino it manages. Instead, Caesars just has one. In states with the license-per-property design, companies can either open extra internal books or, more typically, subcontract the license to a competitor that pays an accompanying fee in exchange.
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FanDuel and DraftKings, which have approximately two-thirds of U.S. nationwide sports betting handle market share, could potentially have a leg up on their competitors by earning the pair of untethered licenses. It remains to be seen which 2 books will earn these slots, but the language around the tally procedure would appear to favor the 2 national market leaders.
Polling earlier in the year showed the "yes" vote with a . Support efforts were boosted by tens of millions invested by DraftKings and FanDuel.
A series of television and radio ads concentrated on the income legal sportsbooks would generate for Missouri public education. Opponents, moneyed largely by Caesars, argued the fans' advertisements were deceptive and the 10s of millions of predicted dollars raised would have a minimal impact in a state that already invests billions on education every year.