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Missouri Sports Betting Ballot Measure Approved By Voters

lonnymartinson edited this page 2025-01-01 00:38:16 +00:00

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Missouri citizens authorized legal mobile and retail sports betting, permitting controlled books to take bets next year.
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The sports betting wagering ballot measure passed by a slim majority early Wednesday morning after more than 2.9 million votes were counted.
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Seven of the eight states surrounding Missouri enable mobile or retail sportsbooks. That includes Kansas and Illinois, which divided the Kansas City and St. Louis metro areas with Missouri, respectively.

Missouri is the 39th state to authorize legal sportsbooks and the 31st to green light statewide mobile wagering. It is the only state to authorize sports betting this year.

" Missouri has a few of the very best sports betting fans in the world and they appeared huge for their favorite groups 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 citizens who made their voices heard by authorizing Amendment 2. This historic vote makes Missouri the 39th state to legalize sports betting and ensures we no longer lose valuable tax income to our neighboring states. Most significantly, the passage of Amendment 2 means a new, devoted, long-term funding stream for Missouri classrooms."

Missouri sports betting next steps

Voter approval implies approximately 14 mobile sportsbooks might start accepting bets next year. It is not likely all 14 readily available licenses are utilized.

DraftKings and FanDuel funded almost every dollar of the "yes" campaign and will unquestionably apply 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 casino 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 tally measure, 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 introduce their particular books.

The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains unclear if they will launch mobile sportsbooks.

The remaining 6 licenses are scheduled for each of the major 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 . The sports betting companies were amongst the most prominent supporters of the ballot step.

Along with DraftKings, FanDuel and Caesars, Missouri bettors need to expect other prominent nationwide brands including BetMGM, bet365, BetRivers and Fanatics to seek market access.

Launch likelihood tiers IF Missouri citizens authorize sports betting wagering:

Guarantees: FanDuel, DraftKings Locks: BetMGM, Bally Bet 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 step permits every Missouri gambling establishment to open retail sportsbooks on their respective residential or commercial 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 wagering kiosks and possibly committed, full-service sportsbooks.

The six sports betting groups can also open in-person sportsbooks within or nearby to their respective home playing venues. Missouri will sign up with Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that allow in-stadium retail sportsbooks.

The language around the tally procedure needs the 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 lucrative time of the sports betting calendar.

Missouri sports betting background

The effective Missouri sports betting wagering project comes regardless of millions in funding opposing the procedure from one of the state's biggest gambling stakeholders.

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

Because scenario in Missouri, Caesars would be paid for a minimum of 3 potential licenses, one for each gambling establishment it manages. Instead, Caesars just has one. In states with the license-per-property model, companies can either open additional in-house books or, more typically, subcontract the license to a competitor that pays an accompanying fee in exchange.

FanDuel and DraftKings, which have roughly two-thirds of U.S. across the country sports betting manage 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 earn these slots, however the language around the ballot procedure would appear to favor 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 10s of millions spent by DraftKings and FanDuel.

A series of tv and radio advertisements concentrated on the revenue legal sportsbooks would generate for Missouri public education. Opponents, moneyed largely by Caesars, argued the advocates' ads were misleading and the 10s of millions of predicted dollars raised would have a negligible effect in a state that already spends billions on education yearly.