Missouri Sports Betting Ballot Measure Approved By Voters
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Missouri voters authorized legal mobile and retail sports betting wagering, permitting managed books to take bets next year.
The sports betting wagering ballot procedure passed by a slim bulk early Wednesday morning after more than 2.9 million votes were counted.
Seven of the eight states surrounding Missouri enable mobile or retail sportsbooks. That consists of Kansas and Illinois, which divided the Kansas City and St. Louis city 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 a few of the very best sports betting fans on the planet and they showed 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 six of Missouri's professional sports betting franchises, we wish to thank the Missouri voters who made their voices heard by authorizing Amendment 2. This historical vote makes Missouri the 39th state to legislate sports betting wagering and guarantees we no longer lose valuable tax profits to our surrounding states. Most notably, the passage of Amendment 2 implies a new, devoted, long-term financing stream for Missouri class."
Missouri sports betting next actions
Voter approval suggests approximately 14 mobile sportsbooks could begin accepting bets next year. It is not likely all 14 available licenses are utilized.
DraftKings and FanDuel financed nearly every dollar of the "yes" project and will undoubtedly apply to take bets in the Show Me State. They will likely each pursue the 2 "untethered" licenses available without having to partner with a Missouri brick-and-mortar gambling establishment or sports betting group (and pay an accompanying cost).
Six licenses are available to each Missouri gambling establishment operator, respectively. Caesars, despite opposing the ballot procedure, will likely utilize its license to release the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will likewise likely introduce their particular books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays unclear if they will release mobile sportsbooks.
The remaining 6 licenses are booked for each of the significant expert sports betting groups that play home 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 popular supporters of the ballot measure.
Together with DraftKings, FanDuel and Caesars, Missouri bettors must anticipate other prominent nationwide brands including BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.
Launch probability tiers IF Missouri citizens authorize sports betting wagering:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Very 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 permits every Missouri casino to open retail sportsbooks on their respective properties. Most if not all 13 casinos managed by the six casino operators are anticipated to open in-person wagering options such as wagering kiosks and potentially devoted, full-service sportsbooks.
The six sports betting teams can likewise open in-person sportsbooks within or nearby to their particular 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 procedure requires the very first licensed 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, continually books' most rewarding time of the sports betting calendar.
Missouri sports betting wagering background
The successful Missouri sports betting project comes regardless of millions in financing opposing the procedure from among the state's biggest sports betting stakeholders.
Caesars spent countless dollars to defeat the procedure. In the majority of other states that tie online sports betting with a state's brick-and-mortar gambling establishments, an operator is given a minimum of one license per managed property.
In that scenario in Missouri, Caesars would be managed at least 3 potential licenses, one for each casino it handles. 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 cost in exchange.
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FanDuel and DraftKings, which have roughly two-thirds of U.S. nationwide sports betting wagering 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 2 books will earn these slots, however the language around the ballot procedure would seem to prefer the two national market leaders.
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Polling previously in the year showed the "yes" vote with a small lead. Support efforts were boosted by tens of millions spent by DraftKings and FanDuel.
A series of tv and radio advertisements focused on the revenue legal sportsbooks would generate for Missouri public education. Opponents, moneyed mainly by Caesars, argued the fans' advertisements were deceptive and the 10s of countless forecasted dollars raised would have a minimal impact in a state that currently spends billions on education annually.
