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Missouri voters approved legal mobile and retail sports betting, allowing managed books to take bets next year.
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The sports betting ballot procedure passed by a slim bulk early Wednesday 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 areas with Missouri, respectively.
Missouri is the 39th state to authorize 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 some of the very best sports betting fans on the planet and they appeared big for their preferred groups on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, said in a statement. "On behalf of all six of Missouri's expert sports betting franchises, we wish to thank the Missouri voters who made their voices heard by authorizing 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 notably, the passage of Amendment 2 implies a brand-new, devoted, permanent funding stream for Missouri classrooms."
Missouri sports betting wagering next steps
Voter approval suggests approximately 14 mobile sportsbooks might begin accepting bets next year. It is unlikely all 14 offered licenses are utilized.
DraftKings and FanDuel funded nearly every dollar of the "yes" project and will undoubtedly 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 casino or sports betting group (and pay an accompanying fee).
Six licenses are offered to each Missouri gambling establishment operator, respectively. Caesars, despite opposing the ballot measure, will likely use its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will likewise likely release their particular books.
The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays uncertain if they will introduce mobile sportsbooks.
The staying 6 licenses are booked for each of the significant professional sports betting groups 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 supporters of the tally procedure.
In addition to DraftKings, FanDuel and Caesars, Missouri gamblers ought to anticipate other prominent national brands including BetMGM, bet365, BetRivers and Fanatics to gain access to.
Launch possibility tiers IF Missouri voters authorize sports betting wagering:
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
Missouri's tally procedure permits every Missouri casino to open retail sportsbooks on their particular properties. Most if not all 13 gambling establishments managed by the 6 gambling establishment operators are anticipated to open in-person wagering choices such as sports betting kiosks and potentially dedicated, full-service sportsbooks.
The six sports betting teams can likewise open in-person sportsbooks within or adjacent to their respective home playing locations. 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 ballot step requires the very first licensed sportsbooks to begin 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 profitable time of the sports betting calendar.
Missouri sports betting wagering background
The effective Missouri sports betting wagering project comes despite millions in funding opposing the procedure from among the state's largest sports betting stakeholders.
Caesars spent millions of dollars to beat the measure. In the majority of other states that connect online sports betting wagering with a state's brick-and-mortar casinos, an operator is granted at least one license per managed property.
Because circumstance in Missouri, Caesars would be managed a minimum of three possible 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 extra in-house books or, more commonly, subcontract 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 wagering manage market share, might possibly 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 measure would seem to prefer the 2 national market leaders.
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Polling earlier in the year revealed the "yes" vote with a small lead. Support efforts were strengthened by 10s of millions invested by DraftKings and FanDuel.
A series of tv and radio ads focused on the income legal sportsbooks would produce for Missouri public education. Opponents, funded mostly by Caesars, argued the supporters' ads were deceptive and the 10s of millions of forecasted dollars raised would have a negligible effect in a state that already invests billions on education annually.
This will delete the page "Missouri Sports Betting Ballot Measure Approved By Voters"
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