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Missouri voters authorized legal mobile and retail sports betting, permitting managed books to take bets next year.
The sports betting ballot step passed by a slim bulk early Wednesday morning after more than 2.9 million votes were counted.
Seven of the eight states bordering Missouri permit mobile or retail sportsbooks. That consists of Kansas and Illinois, which divided the Kansas City and St. Louis city areas 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 very best sports betting fans in the world and they showed up big for their preferred 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 professional sports betting franchises, we desire to thank the Missouri citizens who made their voices heard by approving Amendment 2. This historic vote makes Missouri the 39th state to legalize sports betting wagering and ensures we no longer lose important tax revenue to our neighboring states. Most significantly, the passage of Amendment 2 means a brand-new, dedicated, permanent funding stream for Missouri class."
Missouri sports betting wagering next actions
Voter approval means up to 14 mobile sportsbooks could start accepting bets next year. It is unlikely all 14 readily available licenses are utilized.
DraftKings and FanDuel funded almost every dollar of the "yes" campaign and will to take bets in the Show Me State. They will likely each pursue the two "untethered" licenses available without having to partner with a Missouri brick-and-mortar gambling establishment or sports betting group (and pay an accompanying charge).
Six licenses are offered to each Missouri casino operator, respectively. Caesars, despite opposing the ballot step, will likely utilize its license to launch the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will also likely introduce their respective books.
The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains uncertain if they will introduce mobile sportsbooks.
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The staying six licenses are reserved for each of the major expert sports betting groups 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 advocates of the ballot measure.
Along with DraftKings, FanDuel and Caesars, Missouri bettors must expect other leading national brands including BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.
Launch probability tiers IF Missouri voters approve sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Likely: Fanatics, bet365, ESPN BET
Are Already Reside In Illinois, So Yeah(?): BetRivers, Acid Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's tally measure enables every Missouri casino to open retail sportsbooks on their particular properties. Most if not all 13 gambling establishments handled by the 6 gambling establishment operators are anticipated to open in-person sports betting options such as sports betting kiosks and potentially devoted, full-service sportsbooks.
The six sports betting teams can also open in-person sportsbooks within or nearby to their particular home playing places. Missouri will sign up with Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among jurisdictions that permit in-stadium retail sportsbooks.
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The language around the tally procedure requires the 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, perennially books' most financially rewarding time of the sports betting calendar.
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Missouri sports betting wagering background
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The effective Missouri sports betting campaign comes in spite of millions in financing opposing the step from one of the state's largest gambling stakeholders.
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Caesars invested countless dollars to beat the step. In a lot of other states that tie online sports betting with a state's brick-and-mortar gambling establishments, an operator is approved a minimum of one license per managed property.
Because scenario in Missouri, Caesars would be paid for at least three potential licenses, one for each gambling establishment it handles. Instead, Caesars just has one. In states with the license-per-property design, companies can either open additional internal books or, more typically, subcontract the license to a rival that pays an accompanying charge in exchange.
FanDuel and DraftKings, which have roughly two-thirds of U.S. nationwide sports betting wagering manage market share, could possibly have a leg up on their rivals by making the pair of untethered licenses. It stays to be seen which two books will earn these slots, however the language around the tally procedure would seem to prefer the two nationwide market leaders.
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Polling earlier in the year showed the "yes" vote with a minor lead. Support efforts were reinforced by tens of millions spent by DraftKings and FanDuel.
A series of television and radio advertisements focused on the income legal sportsbooks would produce for Missouri public education. Opponents, moneyed mostly by Caesars, argued the supporters' ads were misleading and the tens of countless projected dollars raised would have a negligible impact in a state that currently invests billions on education each year.
This will delete the page "Missouri Sports Betting Ballot Measure Approved By Voters"
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