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Missouri voters approved legal mobile and retail sports betting wagering, allowing controlled books to take bets next year.
The sports betting ballot step gone by a slim bulk early Wednesday early morning after more than 2.9 million votes were counted.
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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 metro 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 best sports betting fans on the planet and they revealed up huge for their preferred teams on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, said in a statement. "On behalf of all 6 of Missouri's professional sports betting franchises, we wish to thank the Missouri citizens who made their voices heard by approving Amendment 2. This historic vote makes Missouri the 39th state to legalize sports betting wagering and guarantees we no longer lose important tax revenue to our surrounding states. Most importantly, the passage of Amendment 2 indicates a new, dedicated, permanent financing stream for Missouri classrooms."
Missouri sports betting wagering next steps
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Voter approval indicates up to 14 mobile sportsbooks might start accepting bets next year. It is not likely all 14 readily available licenses are used.
DraftKings and FanDuel financed nearly every dollar of the "yes" and will undoubtedly use to take bets in the Show Me State. They will likely each pursue the two "untethered" licenses offered without having to partner with a Missouri brick-and-mortar gambling establishment or sports betting group (and pay an accompanying charge).
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 release their respective books.
The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains unclear if they will launch mobile sportsbooks.
The remaining six licenses are scheduled for each of the significant professional sports betting teams 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 organizations were among the most prominent advocates of the tally step.
Along with DraftKings, FanDuel and Caesars, Missouri bettors need to expect other prominent nationwide brand names including BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.
Launch possibility tiers IF Missouri citizens approve sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Most likely: Fanatics, bet365, ESPN BET
Are Already Reside In Illinois, So Yeah(?): BetRivers, Acid Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's tally procedure allows every Missouri casino to open retail sportsbooks on their particular homes. Most if not all 13 gambling establishments handled by the six gambling establishment operators are anticipated to open in-person wagering alternatives such as wagering kiosks and potentially committed, full-service sportsbooks.
The six sports betting groups can also open in-person sportsbooks within or surrounding to their particular home playing places. Missouri will sign up with Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that enable in-stadium retail sportsbooks.
The language around the tally step needs the very first certified 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.
Missouri sports betting wagering background
The successful Missouri sports betting wagering campaign comes despite millions in funding opposing the procedure from among the state's largest gambling stakeholders.
Caesars spent countless dollars to beat the procedure. In a lot of other states that tie online sports betting with a state's brick-and-mortar casinos, an operator is approved at least one license per handled property.
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Because situation in Missouri, Caesars would be paid for a minimum of three prospective licenses, one for each gambling establishment it manages. Instead, Caesars only has one. In states with the license-per-property model, business can either open extra internal books or, more typically, farm out the license to a competitor that pays an accompanying cost in exchange.
FanDuel and DraftKings, which have roughly two-thirds of U.S. nationwide sports betting wagering manage market share, could possibly have an upper hand on their rivals by earning the pair of untethered licenses. It remains to be seen which 2 books will make these slots, but the language around the tally procedure would seem to favor the two national market leaders.
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Polling earlier in the year revealed the "yes" vote with a small lead. Support efforts were strengthened by tens of millions spent by DraftKings and FanDuel.
A series of tv and radio advertisements focused on the profits legal sportsbooks would create for Missouri public education. Opponents, funded mainly by Caesars, argued the fans' advertisements were deceptive and the 10s of countless projected dollars raised would have a negligible impact in a state that currently invests billions on education each year.
This will delete the page "Missouri Sports Betting Ballot Measure Approved By Voters"
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