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Missouri citizens authorized legal mobile and retail sports betting wagering, allowing regulated books to take bets next year.
The sports betting tally procedure gone by a slim majority early Wednesday morning after more than 2.9 million votes were counted.
Seven of the 8 states surrounding Missouri allow mobile or retail sportsbooks. That includes Kansas and Illinois, which divided the Kansas City and St. Louis metro locations 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 authorize sports betting this year.
" Missouri has some of the best sports betting fans in the world and they appeared huge for their favorite teams on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, stated in a declaration. "On behalf of all six of Missouri's expert sports betting franchises, we wish to thank the Missouri voters who made their voices heard by authorizing Amendment 2. This historic vote makes Missouri the 39th state to legalize sports betting wagering and ensures we no longer lose valuable tax revenue to our neighboring states. Most significantly, the passage of Amendment 2 suggests a brand-new, devoted, permanent financing stream for Missouri classrooms."
Missouri sports betting next steps
Voter approval implies up to 14 mobile sportsbooks might begin accepting bets next year. It is unlikely all 14 available licenses are used.
DraftKings and FanDuel financed nearly every dollar of the "yes" project and will undoubtedly 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 casino or sports betting team (and pay an charge).
Six licenses are offered to each Missouri casino operator, respectively. Caesars, despite opposing the tally measure, will likely utilize its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will likewise likely launch their particular books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays uncertain if they will introduce mobile sportsbooks.
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The remaining 6 licenses are scheduled for each of the significant expert sports betting teams 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 popular proponents of the ballot procedure.
Along with DraftKings, FanDuel and Caesars, Missouri wagerers ought to expect other prominent nationwide brand names consisting of BetMGM, bet365, BetRivers and Fanatics to look for market access.
Launch possibility tiers IF Missouri voters approve sports betting wagering:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Highly likely: Fanatics, bet365, ESPN BET
Are Already Reside In Illinois, So Yeah(?): BetRivers, Hard Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's ballot step permits every Missouri casino to open retail sportsbooks on their respective properties. Most if not all 13 casinos handled by the six casino operators are expected to open in-person sports betting options such as sports betting kiosks and possibly committed, full-service sportsbooks.
The 6 sports betting groups can also open in-person sportsbooks within or surrounding to their respective home playing locations. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that enable in-stadium retail sportsbooks.
The language around the ballot step 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, perennially books' most financially rewarding time of the sports betting calendar.
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Missouri sports betting wagering background
The successful Missouri sports betting wagering campaign comes in spite of millions in funding opposing the procedure from among the state's biggest gambling stakeholders.
Caesars spent countless dollars to defeat the step. In many other states that connect online sports betting wagering with a state's brick-and-mortar gambling establishments, an operator is given at least one license per managed home.
Because circumstance in Missouri, Caesars would be managed a minimum of 3 potential licenses, one for each casino it manages. Instead, Caesars just has one. In states with the license-per-property design, business can either open additional in-house books or, more frequently, subcontract the license to a rival that pays an accompanying charge in exchange.
FanDuel and DraftKings, which have roughly two-thirds of U.S. nationwide sports betting wagering handle market share, might possibly have a leg up on their competitors by earning the pair of untethered licenses. It remains to be seen which two books will earn these slots, but the language around the tally measure would appear to favor the two nationwide 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 ads focused on the profits legal sportsbooks would generate for Missouri public education. Opponents, funded mostly by Caesars, argued the fans' advertisements were deceptive and the tens of millions of forecasted dollars raised would have a minimal impact in a state that currently invests billions on education each year.
This will delete the page "Missouri Sports Betting Ballot Measure Approved By Voters"
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