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Missouri citizens approved legal mobile and retail sports betting wagering, permitting controlled books to take bets next year.
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The sports betting ballot measure gone by a slim majority early Wednesday morning after more than 2.9 million votes were counted.
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Seven of the 8 states bordering Missouri permit mobile or retail sportsbooks. That consists of Kansas and Illinois, which divided the Kansas City and St. Louis city 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 wagering this year.
" Missouri has some of the best sports betting fans worldwide and they revealed up big for their preferred teams on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, said in a declaration. "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 authorizing Amendment 2. This historical 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 means a new, devoted, irreversible funding stream for Missouri class."
Missouri sports betting next steps
Voter approval suggests as much as 14 mobile sportsbooks could begin accepting bets next year. It is unlikely all 14 offered licenses are used.
DraftKings and FanDuel financed almost 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 readily available without needing to partner with a Missouri brick-and-mortar casino or sports betting team (and pay an accompanying charge).
Six licenses are available to each Missouri gambling establishment operator, respectively. Caesars, despite opposing the ballot step, will likely use its license to release the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will also likely release their particular books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains uncertain if they will introduce mobile sportsbooks.
The staying six licenses are booked for each of the major expert sports betting teams 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 organizations were amongst the most prominent supporters of the tally procedure.
Along with DraftKings, FanDuel and Caesars, Missouri wagerers should anticipate other prominent national brand names consisting of BetMGM, bet365, BetRivers and Fanatics to seek market gain access to.
Launch possibility tiers IF Missouri citizens approve sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Likely: Fanatics, bet365, ESPN BET
Are Already Live In Illinois, So Yeah(?): BetRivers, Hard Rock, Circa
Opposed Referendum But Still Might: Caesars
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Missouri's tally step enables every Missouri casino to open on their particular homes. Most if not all 13 gambling establishments handled by the six gambling establishment operators are expected to open in-person sports betting alternatives such as sports betting kiosks and potentially devoted, full-service sportsbooks.
The six sports betting groups can also open in-person sportsbooks within or adjacent to their particular home playing venues. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that allow in-stadium retail sportsbooks.
The language around the ballot procedure needs the 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, continually books' most financially rewarding time of the sports betting calendar.
Missouri sports betting wagering background
The successful Missouri sports betting campaign comes despite millions in funding opposing the step from one of the state's biggest sports betting stakeholders.
Caesars invested countless dollars to beat the procedure. In a lot of other states that connect online sports betting wagering with a state's brick-and-mortar gambling establishments, an operator is granted at least one license per handled home.
Because circumstance in Missouri, Caesars would be managed a minimum of three prospective licenses, one for each gambling establishment it manages. Instead, Caesars only has one. In states with the license-per-property design, business can either open additional in-house books or, more typically, farm out the license to a rival that pays an accompanying cost in exchange.
FanDuel and DraftKings, which have roughly two-thirds of U.S. across the country sports betting manage market share, might potentially have a leg up on their competitors by making the pair of untethered licenses. It stays to be seen which two books will make these slots, but the language around the ballot procedure would appear to prefer the 2 national market leaders.
Polling previously in the year revealed the "yes" vote with a minor lead. Support efforts were reinforced by 10s of millions invested by DraftKings and FanDuel.
A series of television and radio advertisements focused on the profits legal sportsbooks would produce for Missouri public education. Opponents, funded mostly by Caesars, argued the supporters' ads were deceptive and the 10s of countless projected dollars raised would have a minimal impact in a state that already invests billions on education each year.
This will delete the page "Missouri Sports Betting Ballot Measure Approved By Voters"
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