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Missouri citizens approved legal mobile and retail sports betting, permitting controlled books to take bets next year.
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The sports betting wagering tally measure gone by a slim bulk early Wednesday morning after more than 2.9 million votes were counted.
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Seven of the eight states surrounding Missouri allow mobile or retail sportsbooks. That includes Kansas and Illinois, which divided the Kansas City and St. Louis city 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 approve sports betting wagering this year.
" Missouri has some of the very best sports betting fans in the world and they revealed up big for their favorite teams on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, stated in a statement. "On behalf of all six of Missouri's professional sports betting franchises, we want to thank the Missouri citizens who made their voices heard by authorizing Amendment 2. This historical vote makes Missouri the 39th state to legislate sports betting and ensures we no longer lose important tax revenue to our surrounding states. Most importantly, the passage of Amendment 2 means a new, devoted, irreversible financing stream for Missouri class."
Missouri sports betting wagering next steps
Voter approval indicates up to 14 mobile sportsbooks might begin accepting bets next year. It is unlikely all 14 offered licenses are used.
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 needing to partner with a Missouri brick-and-mortar casino or sports betting group (and pay an accompanying charge).
Six licenses are offered to each Missouri casino operator, respectively. Caesars, regardless of opposing the ballot measure, will likely use its license to launch the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will likewise likely introduce their respective books.
The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains unclear if they will launch mobile sportsbooks.
The remaining 6 licenses are reserved for each of the major 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 among the most popular proponents of the ballot procedure.
In addition to DraftKings, FanDuel and Caesars, Missouri bettors ought to expect other leading nationwide brands consisting of BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.
Launch possibility tiers IF Missouri voters authorize sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Very most 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 procedure enables every Missouri casino to open retail sportsbooks on their particular residential or commercial properties. 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 potentially dedicated, full-service sportsbooks.
The 6 sports betting groups can likewise open in-person sportsbooks within or surrounding to their respective home playing places. Missouri will sign up with Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among jurisdictions that enable in-stadium retail sportsbooks.
The language around the ballot step needs the very first licensed sportsbooks to start 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 rewarding time of the sports betting calendar.
Missouri sports betting background
The effective Missouri sports betting project comes regardless of millions in financing opposing the procedure from among the state's biggest gambling stakeholders.
Caesars spent millions of dollars to beat the measure. In many other states that tie online sports betting wagering with a state's brick-and-mortar casinos, an operator is given a minimum of one license per handled property.
In that situation in Missouri, Caesars would be managed a minimum of three potential licenses, one for each gambling establishment it handles. Instead, Caesars just has one. In states with the license-per-property design, business can either open extra 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. across the country sports betting wagering handle market share, might potentially have a leg up on their competitors by earning the pair of untethered licenses. It stays to be seen which two books will make these slots, however the language around the tally measure would seem to prefer the two national market leaders.
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Polling previously in the year revealed the "yes" vote with a slight lead. Support efforts were bolstered by 10s of millions invested by DraftKings and FanDuel.
A series of television and radio ads concentrated on the revenue legal sportsbooks would produce for Missouri public education. Opponents, moneyed mostly by Caesars, argued the advocates' advertisements were deceptive and the 10s of countless forecasted dollars raised would have a negligible impact in a state that currently invests billions on yearly.
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