Missouri Sports Betting Ballot Measure Approved By Voters
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Missouri voters authorized legal mobile and retail sports betting wagering, permitting regulated books to take bets next year.
The sports betting ballot measure gone by a slim bulk early Wednesday morning after more than 2.9 million votes were counted.
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Seven of the 8 states surrounding Missouri permit mobile or retail sportsbooks. That consists of Kansas and Illinois, which divided the Kansas City and St. Louis metro 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 some of the very best sports betting fans on the planet and they revealed up big 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 desire to thank the Missouri citizens who made their voices heard by approving Amendment 2. This historic vote makes Missouri the 39th state to legalize sports betting wagering and guarantees we no longer lose valuable tax income to our neighboring states. Most importantly, the passage of Amendment 2 implies a brand-new, dedicated, long-term financing stream for Missouri class."
Missouri sports betting wagering next actions
Voter approval means approximately 14 mobile sportsbooks could start accepting bets next year. It is unlikely all 14 offered licenses are utilized.
DraftKings and FanDuel financed nearly every dollar of the "yes" campaign and will certainly use 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 readily available to each Missouri gambling establishment operator, respectively. Caesars, regardless of opposing the ballot measure, will likely utilize its license to launch 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 unclear if they will release mobile sportsbooks.
The staying six licenses are reserved for each of the significant expert 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 procedure.
Along with DraftKings, FanDuel and Caesars, Missouri bettors ought to anticipate other prominent nationwide brand names including BetMGM, bet365, BetRivers and Fanatics to seek market access.
Launch probability tiers IF Missouri citizens approve 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 procedure permits every Missouri gambling establishment to open retail sportsbooks on their particular properties. Most if not all 13 gambling establishments managed by the 6 gambling establishment operators are expected to open in-person sports betting alternatives such as wagering kiosks and possibly committed, full-service sportsbooks.
The six sports betting groups can likewise 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 step requires the first certified 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 rewarding time of the sports betting calendar.
Missouri sports betting wagering background
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The successful Missouri sports betting wagering project comes despite millions in financing opposing the procedure from one of the state's biggest sports betting stakeholders.
Caesars invested countless dollars to defeat the procedure. In a lot of other states that tie online sports betting with a state's brick-and-mortar gambling establishments, an operator is granted a minimum of one license per handled property.
Because circumstance in Missouri, Caesars would be paid for a minimum of three prospective licenses, one for each casino it handles. Instead, Caesars only has one. In states with the license-per-property model, business can either open extra 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 wagering handle market share, could possibly have a leg up on their rivals by making the set of untethered licenses. It stays to be seen which two books will earn these slots, however the language around the ballot measure would seem to prefer the two national market leaders.
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Polling earlier in the year showed the "yes" vote with a slight lead. Support were reinforced by 10s of millions invested by DraftKings and FanDuel.
A series of television and radio advertisements focused on the income legal sportsbooks would generate for Missouri public education. Opponents, moneyed largely by Caesars, argued the supporters' ads were deceptive and the tens of countless projected dollars raised would have a negligible impact in a state that already invests billions on education annually.