Missouri Sports Betting Ballot Measure Approved By Voters
Janice Skaggs edited this page 4 months ago

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Missouri voters approved legal mobile and retail sports betting wagering, allowing managed books to take bets next year.

The sports betting ballot step gone by a slim majority early Wednesday morning after more than 2.9 million votes were counted.

Seven of the 8 states bordering Missouri enable mobile or retail sportsbooks. That includes Kansas and Illinois, which split the Kansas City and St. Louis city areas with Missouri, respectively.

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

" Missouri has a few of the finest sports betting fans on the planet and they appeared big 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 desire to thank the Missouri citizens who made their voices heard by authorizing Amendment 2. This historic vote makes Missouri the 39th state to legislate sports betting and ensures we no longer lose valuable tax earnings to our neighboring states. Most notably, the passage of Amendment 2 means a brand-new, devoted, irreversible funding stream for Missouri classrooms."

Missouri sports betting next actions

Voter approval implies as much as 14 mobile sportsbooks could begin 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 undoubtedly use to take bets in the Show Me State. They will likely each pursue the two "untethered" licenses available without needing to partner with a Missouri brick-and-mortar casino or sports betting group (and pay an accompanying fee).

Six licenses are readily available to each Missouri casino operator, respectively. Caesars, despite opposing the tally procedure, will likely utilize its license to release the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will likewise likely introduce their particular books.

The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains uncertain if they will launch mobile sportsbooks.

The 6 licenses are booked for each of the major 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 supporters of the ballot procedure.

Together with DraftKings, FanDuel and Caesars, Missouri wagerers need to anticipate other leading national brands consisting of BetMGM, bet365, BetRivers and Fanatics to look for market access.

Launch likelihood tiers IF Missouri citizens approve sports betting:

Guarantees: FanDuel, DraftKings Locks: BetMGM, Bally Bet Very 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 measure permits every Missouri casino to open retail sportsbooks on their respective residential or commercial properties. Most if not all 13 casinos managed by the 6 casino operators are expected to open in-person sports betting options such as sports betting kiosks and potentially dedicated, full-service sportsbooks.

The 6 sports betting teams can likewise open in-person sportsbooks within or nearby to their respective home playing places. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that enable in-stadium retail sportsbooks.
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The language around the ballot measure 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 profitable time of the sports betting calendar.
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Missouri sports betting background

The successful Missouri sports betting wagering project comes in spite of millions in funding opposing the procedure from among the state's largest sports betting stakeholders.

Caesars spent millions of dollars to defeat the step. In most other states that tie online sports betting with a state's brick-and-mortar casinos, an operator is granted a minimum of one license per managed home.
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Because situation in Missouri, Caesars would be paid for a minimum of three potential licenses, one for each gambling establishment it manages. Instead, Caesars just has one. In states with the license-per-property design, companies can either open extra in-house books or, more typically, farm out the license to a competitor that pays an accompanying charge in exchange.

FanDuel and DraftKings, which have roughly two-thirds of U.S. across the country sports betting wagering manage market share, might possibly have a leg up on their rivals by earning the pair of untethered licenses. It stays to be seen which 2 books will make these slots, but the language around the ballot 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 strengthened by 10s of millions spent by DraftKings and FanDuel.

A series of television and radio advertisements focused on the earnings legal sportsbooks would create for Missouri public education. Opponents, moneyed mainly by Caesars, argued the supporters' advertisements were misleading and the tens of countless predicted dollars raised would have a negligible effect in a state that currently spends billions on education yearly.
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