Missouri citizens authorized legal mobile and retail sports betting, permitting controlled books to take bets next year.
The sports betting wagering 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 enable mobile or retail sportsbooks. That consists of Kansas and Illinois, which split the Kansas City and St. Louis metro areas with Missouri, respectively.
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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 approve sports betting wagering this year.
" Missouri has some of the finest sports betting fans in the world and they appeared huge for their favorite groups on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, stated in a declaration. "On behalf of all six of Missouri's professional sports betting franchises, we wish to thank the Missouri voters who made their voices heard by authorizing Amendment 2. This historical vote makes Missouri the 39th state to legalize sports betting and ensures we no longer lose important tax income to our neighboring states. Most significantly, the passage of Amendment 2 implies a brand-new, devoted, permanent funding stream for Missouri classrooms."
Missouri sports betting wagering next actions
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Voter approval suggests as much as 14 mobile sportsbooks could begin accepting bets next year. It is unlikely all 14 available licenses are utilized.
DraftKings and FanDuel funded almost 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 readily available without needing to partner with a Missouri brick-and-mortar gambling establishment or sports betting group (and pay an accompanying cost).
Six licenses are readily available to each Missouri casino operator, respectively. Caesars, in spite of opposing the tally measure, will likely utilize its license to introduce the 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 remains unclear if they will introduce mobile sportsbooks.
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The staying 6 licenses are booked for each of the significant 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 organizations were amongst the most popular proponents of the tally step.
Along with DraftKings, FanDuel and Caesars, Missouri wagerers should anticipate other leading national brand names consisting of BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.
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Launch probability tiers IF Missouri voters authorize sports betting wagering:
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 ballot measure enables every Missouri casino to open retail sportsbooks on their particular properties. Most if not all 13 casinos handled by the six gambling establishment operators are expected to open in-person wagering options such as wagering kiosks and possibly dedicated, full-service sportsbooks.
The 6 sports betting teams can likewise open in-person sportsbooks within or nearby to their respective home playing places. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that enable in-stadium retail sportsbooks.
The language around the ballot procedure requires the very first licensed 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 lucrative time of the sports betting calendar.
Missouri sports betting wagering background
The successful Missouri sports betting campaign comes in spite of millions in financing opposing the step from one of the state's largest sports betting stakeholders.
Caesars spent millions of dollars to beat the procedure. In many other states that connect online sports betting wagering with a state's brick-and-mortar gambling establishments, an operator is given at least one license per managed home.
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Because situation in Missouri, Caesars would be paid for at least three potential licenses, one for each gambling establishment it handles. Instead, Caesars only has one. In states with the license-per-property model, business can either open extra internal books or, more commonly, farm out the license to a competitor that pays an accompanying cost in exchange.
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FanDuel and DraftKings, which have roughly two-thirds of U.S. nationwide sports betting manage market share, might possibly have a leg up on their rivals by making the set of untethered licenses. It remains to be seen which two books will earn these slots, but the language around the tally measure would appear to prefer the 2 nationwide 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 tv and radio ads concentrated on the revenue legal sportsbooks would produce for Missouri public education. Opponents, moneyed mainly by Caesars, argued the advocates' ads were misleading and the 10s of millions of projected dollars raised would have a negligible effect in a state that currently invests billions on education yearly.
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Missouri Sports Betting Ballot Measure Approved By Voters
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