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Missouri Sports Betting Ballot Measure Approved By Voters
Missouri voters authorized legal mobile and retail sports betting, permitting regulated books to take bets next year.
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 enable mobile or retail sportsbooks. That includes Kansas and Illinois, which split 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 a few of the finest sports betting fans on the planet and they revealed up big for their favorite groups on Election Day,” Bill DeWitt III, president of the St. Louis Cardinals, said in a statement. “On behalf of all 6 of Missouri’s professional 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 guarantees we no longer lose valuable tax earnings to our neighboring states. Most significantly, the passage of Amendment 2 implies a new, dedicated, irreversible financing stream for Missouri classrooms.”
Missouri sports betting next actions
Voter approval means as much as 14 mobile sportsbooks might start accepting bets next year. It is not likely all 14 available licenses are utilized.
DraftKings and FanDuel funded nearly 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 available without having to partner with a Missouri brick-and-mortar gambling establishment or sports betting team (and pay an accompanying charge).
Six licenses are available to each Missouri gambling establishment operator, respectively. Caesars, in spite of opposing the tally measure, 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 launch their particular books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains unclear if they will launch mobile sportsbooks.
The staying six 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 companies were amongst the most popular advocates of the ballot step.
In addition to DraftKings, FanDuel and Caesars, Missouri wagerers should anticipate other prominent nationwide brand names consisting of BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.
Launch likelihood 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 measure permits every Missouri gambling establishment to open retail sportsbooks on their respective homes. Most if not all 13 casinos managed by the 6 casino operators are expected to open in-person sports betting options such as wagering kiosks and possibly devoted, sportsbooks.
The six sports betting teams can also open in-person sportsbooks within or nearby to their particular home playing venues. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that enable in-stadium retail sportsbooks.
The language around the ballot measure needs the very first certified 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 financially rewarding time of the sports betting calendar.
Missouri sports betting background
The successful Missouri sports betting project comes regardless of millions in funding opposing the measure from among the state’s biggest sports betting stakeholders.
Caesars spent countless dollars to beat the procedure. In most other states that tie online sports betting wagering with a state’s brick-and-mortar gambling establishments, an operator is approved at least one license per handled residential or commercial property.
Because circumstance in Missouri, Caesars would be paid for a minimum of three prospective licenses, one for each casino it handles. Instead, Caesars just has one. In states with the license-per-property design, companies can either open extra in-house books or, more frequently, 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 manage market share, could potentially have a leg up on their rivals by making the set of untethered licenses. It remains to be seen which 2 books will make these slots, however the language around the tally procedure would seem to favor the 2 national market leaders.
Polling earlier in the year showed the “yes” vote with a small lead. Support efforts were boosted by 10s of millions invested by DraftKings and FanDuel.
A series of television and radio ads concentrated on the profits legal sportsbooks would produce for Missouri public education. Opponents, moneyed largely by Caesars, argued the advocates’ advertisements were misleading and the 10s of millions of forecasted dollars raised would have a negligible effect in a state that already spends billions on education each year.