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Missouri voters authorized legal mobile and retail sports betting wagering, permitting controlled books to take bets next year.
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The sports betting wagering ballot step 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 surrounding Missouri allow mobile or retail sportsbooks. That consists of Kansas and Illinois, which split the Kansas City and St. Louis city areas 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 authorize sports betting this year.
" Missouri has a few of the very best sports betting fans worldwide 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 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 legislate sports betting wagering and guarantees we no longer lose important tax revenue to our neighboring states. Most significantly, the passage of Amendment 2 indicates a new, devoted, permanent funding stream for Missouri classrooms."
Missouri sports betting next actions
Voter approval indicates as much as 14 mobile sportsbooks might start accepting bets next year. It is unlikely all 14 readily available licenses are used.
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DraftKings and FanDuel funded almost every dollar of the "yes" project and will certainly apply to take bets in the Show Me State. They will likely each pursue the two "untethered" licenses offered without having to partner with a Missouri brick-and-mortar gambling establishment or sports betting group (and pay an accompanying charge).
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Six licenses are offered to each Missouri gambling establishment operator, respectively. Caesars, in spite of opposing the tally measure, will likely use its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will likewise likely introduce their particular books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains unclear if they will introduce mobile sportsbooks.
The remaining 6 licenses are booked for each of the significant expert 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 advocates of the ballot measure.
Together with DraftKings, FanDuel and Caesars, Missouri bettors need to anticipate other leading nationwide brand names including BetMGM, bet365, BetRivers and Fanatics to seek market access.
Launch possibility tiers IF Missouri voters authorize sports betting wagering:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Very most likely: Fanatics, bet365, ESPN BET
Are Already Live In Illinois, So Yeah(?): BetRivers, Hard Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's ballot procedure allows every Missouri casino to open retail sportsbooks on their particular properties. Most if not all 13 gambling establishments managed by the 6 casino operators are expected to open in-person sports betting choices such as wagering kiosks and possibly committed, full-service sportsbooks.
The six sports betting groups can also open in-person sportsbooks within or nearby to their respective home playing locations. 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 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 rewarding time of the sports betting calendar.
Missouri sports betting wagering background
The effective Missouri sports betting wagering campaign comes in spite of millions in funding opposing the procedure from one of the state's biggest sports betting stakeholders.
Caesars invested countless dollars to beat the step. In most other states that tie online sports betting wagering with a state's brick-and-mortar casinos, an operator is approved at least one license per handled residential or commercial property.
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In that situation in Missouri, Caesars would be managed at least three potential licenses, one for each gambling establishment it manages. Instead, Caesars just has one. In states with the license-per-property design, business can either open extra internal books or, more typically, farm out the license to a rival that pays an accompanying cost in exchange.
FanDuel and DraftKings, which have approximately two-thirds of U.S. nationwide sports betting wagering manage market share, could potentially have an upper hand on their rivals by earning the set of untethered licenses. It remains to be seen which 2 books will make these slots, however the language around the ballot measure would seem to prefer the 2 nationwide market leaders.
Polling earlier in the year showed the "yes" vote with a slight lead. Support efforts were bolstered by tens of millions invested by DraftKings and FanDuel.
A series of tv and radio ads concentrated on the revenue legal sportsbooks would create for Missouri public education. Opponents, moneyed mostly by Caesars, argued the fans' advertisements were deceptive and the 10s of dollars raised would have a minimal impact in a state that currently invests billions on education every year.
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Missouri Sports Betting Ballot Measure Approved By Voters
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