Missouri citizens authorized legal mobile and retail sports betting, permitting controlled 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.
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Seven of the eight states surrounding Missouri enable mobile or retail sportsbooks. That consists of Kansas and Illinois, which split the Kansas City and St. Louis metro areas 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 approve sports betting this year.
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" 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, stated 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 approving Amendment 2. This historic vote makes Missouri the 39th state to legislate sports betting and guarantees we no longer lose important tax earnings to our neighboring states. Most notably, the passage of Amendment 2 suggests a brand-new, devoted, irreversible funding stream for Missouri classrooms."
Missouri sports betting next steps
Voter approval suggests as much as 14 mobile sportsbooks could start accepting bets next year. It is not likely all 14 readily available licenses are used.
DraftKings and FanDuel financed almost every dollar of the "yes" project and will unquestionably apply to take bets in the Show Me State. They will likely each pursue the 2 "untethered" licenses offered without having to partner with a Missouri brick-and-mortar casino or sports betting team (and pay an accompanying charge).
Six licenses are available to each Missouri casino operator, respectively. Caesars, regardless of opposing the tally procedure, will likely utilize its license to release the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will also likely release their particular books.
The other three 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 major professional sports betting groups 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 proponents of the ballot measure.
In addition to DraftKings, FanDuel and Caesars, Missouri gamblers must anticipate other leading national brand names including BetMGM, bet365, BetRivers and Fanatics to seek market gain access to.
tiers IF Missouri voters authorize sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
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 step allows every Missouri casino to open retail sportsbooks on their respective homes. Most if not all 13 casinos handled by the 6 gambling establishment operators are anticipated to open in-person sports betting options such as sports betting kiosks and possibly committed, full-service sportsbooks.
The six sports betting groups can likewise open in-person sportsbooks within or adjacent to their particular home playing locations. 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 step 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, perennially books' most rewarding time of the sports betting calendar.
Missouri sports betting background
The effective Missouri sports betting wagering campaign comes despite millions in funding opposing the step from among the state's largest gambling stakeholders.
Caesars invested countless dollars to defeat the procedure. In a lot of other states that connect online sports betting wagering with a state's brick-and-mortar casinos, an operator is given a minimum of one license per managed property.
Because situation in Missouri, Caesars would be managed at least 3 potential licenses, one for each gambling establishment it handles. Instead, Caesars just has one. In states with the license-per-property design, companies can either open additional internal books or, more typically, subcontract the license to a rival that pays an accompanying fee in exchange.
FanDuel and DraftKings, which have approximately two-thirds of U.S. across the country sports betting wagering handle market share, could potentially have an upper hand on their competitors by earning the set of untethered licenses. It remains to be seen which two books will earn these slots, however the language around the tally procedure would seem to prefer the 2 nationwide market leaders.
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Polling previously in the year revealed the "yes" vote with a small lead. Support efforts were reinforced by tens of millions spent by DraftKings and FanDuel.
A series of television and radio ads focused on the income legal sportsbooks would produce for Missouri public education. Opponents, funded largely by Caesars, argued the supporters' advertisements were misleading and the tens of countless predicted dollars raised would have a minimal impact in a state that currently spends billions on education yearly.
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Missouri Sports Betting Ballot Measure Approved By Voters
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