Missouri Sports Betting Ballot Measure Approved By Voters

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Latest revision as of 18:27, 15 January 2025

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Missouri voters authorized legal mobile and retail sports betting wagering, allowing regulated books to take bets next year.
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The sports betting ballot measure gone by a slim majority early Wednesday morning after more than 2.9 million votes were counted.


Seven of the eight states surrounding Missouri allow mobile or retail sportsbooks. That consists of Kansas and Illinois, which divided the Kansas City and St. Louis city areas 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 approve sports betting this year.


" Missouri has a few of the very best sports betting fans on the planet and they revealed up huge for their favorite 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 desire to thank the Missouri citizens who made their voices heard by authorizing Amendment 2. This historic vote makes Missouri the 39th state to legislate sports betting and guarantees we no longer lose important tax revenue to our surrounding states. Most notably, the passage of Amendment 2 implies a new, dedicated, permanent funding stream for Missouri class."


Missouri sports betting next actions


Voter approval means up to 14 mobile sportsbooks could begin accepting bets next year. It is unlikely all 14 offered licenses are used.


DraftKings and FanDuel financed almost every dollar of the "yes" campaign and will certainly 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 team (and pay an accompanying fee).


Six licenses are readily available to each Missouri casino operator, respectively. Caesars, in spite of opposing the ballot step, will likely utilize its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will likewise likely introduce their respective books.


The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains uncertain if they will release mobile sportsbooks.


The staying six licenses are reserved for each of the significant 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 organizations were among the most prominent proponents of the .


Along with DraftKings, FanDuel and Caesars, Missouri wagerers should expect other leading national brands including BetMGM, bet365, BetRivers and Fanatics to look for market access.


Launch possibility 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 procedure enables every Missouri gambling establishment to open retail sportsbooks on their respective properties. Most if not all 13 casinos managed by the 6 gambling establishment operators are expected to open in-person sports betting choices such as sports betting kiosks and potentially committed, full-service sportsbooks.


The 6 sports betting groups can also open in-person sportsbooks within or surrounding to their respective home playing places. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among jurisdictions that enable in-stadium retail sportsbooks.


The language around the tally procedure needs 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 campaign comes in spite of millions in funding opposing the measure from among the state's largest gambling stakeholders.


Caesars invested countless dollars to defeat the procedure. In many other states that tie online sports betting with a state's brick-and-mortar casinos, an operator is given a minimum of one license per managed residential or commercial property.


Because scenario in Missouri, Caesars would be afforded at least 3 prospective licenses, one for each casino it handles. Instead, Caesars just has one. In states with the license-per-property design, companies can either open extra internal books or, more commonly, subcontract the license to a rival that pays an accompanying fee in exchange.


FanDuel and DraftKings, which have approximately two-thirds of U.S. nationwide sports betting deal with market share, could possibly have a leg up 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 step would appear to favor the two nationwide market leaders.
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Polling earlier in the year revealed the "yes" vote with a minor lead. Support efforts were reinforced by tens of millions spent by DraftKings and FanDuel.


A series of television and radio advertisements focused on the profits legal sportsbooks would create for Missouri public education. Opponents, moneyed largely by Caesars, argued the fans' advertisements were deceptive and the 10s of millions of projected dollars raised would have a negligible effect in a state that currently spends billions on education yearly.
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