Missouri Sports Betting Ballot Measure Approved By Voters
bet9ja.com
Missouri voters authorized legal mobile and retail sports betting wagering, allowing controlled books to take bets next year.
The sports betting wagering ballot measure gone by a slim majority early Wednesday morning after more than 2.9 million votes were counted.
Seven of the eight states bordering Missouri permit mobile or retail sportsbooks. That consists of Kansas and Illinois, which split the Kansas City and St. Louis city areas with Missouri, respectively.
Missouri is the 39th state to approve legal sportsbooks and the 31st to green light statewide mobile wagering. It is the only state to authorize sports betting wagering this year.
" Missouri has some of the finest sports betting fans on the planet and they showed up big for their favorite teams on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, said in a declaration. "On behalf of all six of Missouri's expert sports betting franchises, we want to thank the Missouri voters who made their voices heard by authorizing Amendment 2. This historic vote makes Missouri the 39th state to legislate sports betting and ensures we no longer lose important tax profits to our neighboring states. Most significantly, the passage of Amendment 2 implies a new, dedicated, irreversible funding stream for Missouri classrooms."
Missouri sports betting wagering next steps
Voter approval means as much as 14 mobile might start accepting bets next year. It is not likely all 14 readily available licenses are used.
DraftKings and FanDuel funded nearly every dollar of the "yes" project and will unquestionably apply to take bets in the Show Me State. They will likely each pursue the two "untethered" licenses readily available without needing to partner with a Missouri brick-and-mortar casino or sports betting team (and pay an accompanying fee).
bet9ja.com
Six licenses are available to each Missouri casino operator, respectively. Caesars, in spite of opposing the ballot step, will likely use its license to launch the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will likewise likely release their particular books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays unclear if they will introduce mobile sportsbooks.
The staying 6 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 popular advocates of the tally step.
In addition to DraftKings, FanDuel and Caesars, Missouri wagerers should anticipate other leading nationwide brands consisting of BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.
Launch likelihood tiers IF Missouri voters authorize sports betting wagering:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Very most likely: Fanatics, bet365, ESPN BET
Are Already Live In Illinois, So Yeah(?): BetRivers, Acid Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's tally procedure permits every Missouri casino to open retail sportsbooks on their particular residential or commercial properties. Most if not all 13 casinos managed by the 6 casino operators are expected to open in-person wagering options such as sports betting kiosks and possibly devoted, full-service sportsbooks.
bit.ly
The 6 sports betting teams can also open in-person sportsbooks within or nearby to their particular home playing venues. 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 requires the very first certified sportsbooks to begin accepting wagers by Dec. 1, 2025. Operators will likely work 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 campaign comes in spite of millions in funding opposing the step from among the state's largest gambling stakeholders.
Caesars invested millions of dollars to beat the measure. In many other states that connect online sports betting with a state's brick-and-mortar gambling establishments, an operator is given at least 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, companies can either open additional in-house books or, more commonly, subcontract the license to a rival that pays an accompanying cost in exchange.
FanDuel and DraftKings, which have approximately two-thirds of U.S. nationwide sports betting deal with market share, might potentially have a leg up on their competitors by earning the pair of untethered licenses. It stays to be seen which 2 books will make these slots, however the language around the ballot measure would appear to prefer the 2 nationwide market leaders.
Polling earlier in the year showed the "yes" vote with a small lead. Support efforts were strengthened by 10s of millions spent by DraftKings and FanDuel.
A series of television and radio advertisements concentrated on the profits legal sportsbooks would generate for Missouri public education. Opponents, moneyed largely by Caesars, argued the supporters' advertisements were deceptive and the tens of countless forecasted dollars raised would have a minimal impact in a state that already invests billions on education annually.