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Missouri voters approved legal mobile and retail sports betting wagering, permitting managed books to take bets next year.
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The sports betting wagering ballot procedure passed by a slim majority early Wednesday early morning after more than 2.9 million votes were counted.
Seven of the 8 states surrounding Missouri allow mobile or retail sportsbooks. That consists of Kansas and Illinois, which divided 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 authorize sports betting wagering this year.
" Missouri has a few of the very best sports betting fans in the world and they appeared big for their favorite groups on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, stated in a statement. "On behalf of all 6 of Missouri's expert sports betting franchises, we want to thank the Missouri voters who made their voices heard by approving Amendment 2. This historical vote makes Missouri the 39th state to legislate sports betting and ensures we no longer lose valuable tax revenue to our surrounding states. Most importantly, the passage of Amendment 2 means a brand-new, dedicated, long-term financing stream for Missouri class."
Missouri sports betting wagering next steps
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Voter approval indicates up to 14 mobile sportsbooks might 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 undoubtedly use to take bets in the Show Me State. They will likely each pursue the 2 "untethered" licenses readily available without having to partner with a Missouri brick-and-mortar gambling establishment or sports betting team (and pay an accompanying fee).
Six licenses are offered to each establishment operator, respectively. Caesars, regardless of opposing the ballot procedure, will likely utilize its license to release the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will likewise likely release their respective books.
The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays unclear if they will launch mobile sportsbooks.
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The staying 6 licenses are reserved for each of the major professional 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 companies were amongst the most prominent proponents of the ballot procedure.
Along with DraftKings, FanDuel and Caesars, Missouri bettors should expect other leading national brand names including BetMGM, bet365, BetRivers and Fanatics to look for market access.
Launch likelihood tiers IF Missouri voters approve 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 measure enables every Missouri gambling establishment to open retail sportsbooks on their respective homes. Most if not all 13 gambling establishments managed by the 6 casino operators are anticipated to open in-person sports betting choices such as sports betting kiosks and possibly dedicated, full-service sportsbooks.
The six sports betting teams can likewise open in-person sportsbooks within or nearby to their respective home playing places. Missouri will sign up with Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among jurisdictions that enable in-stadium retail sportsbooks.
The language around the ballot procedure needs the very first certified sportsbooks to start accepting wagers by Dec. 1, 2025. Operators will likely work 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.
Missouri sports betting background
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The effective Missouri sports betting campaign comes despite millions in financing opposing the step from among the state's biggest sports betting stakeholders.
Caesars spent millions of dollars to defeat the measure. In the majority of other states that tie online sports betting with a state's brick-and-mortar casinos, an operator is approved a minimum of one license per handled home.
Because situation in Missouri, Caesars would be managed at least 3 possible 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 internal books or, more commonly, subcontract the license to a competitor that pays an accompanying charge in exchange.
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FanDuel and DraftKings, which have roughly two-thirds of U.S. nationwide sports betting handle market share, could possibly have an upper hand on their rivals by making the set of untethered licenses. It remains to be seen which two books will earn these slots, however the language around the ballot measure would seem to favor the two nationwide market leaders.
Polling earlier in the year revealed the "yes" vote with a minor lead. Support efforts were boosted by tens of millions invested by DraftKings and FanDuel.
A series of television and radio ads concentrated on the revenue legal sportsbooks would produce for Missouri public education. Opponents, moneyed mainly by Caesars, argued the fans' ads were misleading and the tens of millions of forecasted dollars raised would have a minimal impact in a state that already spends billions on education yearly.
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This will delete the page "Missouri Sports Betting Ballot Measure Approved By Voters"
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