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Missouri voters approved legal mobile and retail sports betting, allowing controlled books to take bets next year.
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The sports betting wagering tally procedure passed by a slim bulk 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 includes Kansas and Illinois, which split 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 wagering. It is the only state to authorize sports betting wagering this year.
" Missouri has some of the finest sports betting fans on the planet 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 expert sports betting franchises, we desire to thank the Missouri voters who made their voices heard by authorizing Amendment 2. This historic vote makes Missouri the 39th state to legislate sports betting and guarantees we no longer lose valuable tax earnings to our surrounding states. Most notably, the passage of Amendment 2 means a new, devoted, permanent funding stream for Missouri class."
Missouri sports betting wagering next steps
Voter approval means as much as 14 mobile sportsbooks might start accepting bets next year. It is unlikely all 14 offered licenses are utilized.
DraftKings and FanDuel funded nearly every dollar of the "yes" campaign and will certainly use 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 gambling establishment or sports betting team (and pay an accompanying fee).
Six licenses are offered to each Missouri casino operator, respectively. Caesars, in spite of opposing the ballot measure, will likely use its license to release the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will also likely release their particular books.
The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays uncertain if they will release mobile sportsbooks.
The staying six licenses are scheduled 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 proponents of the tally measure.
Along with DraftKings, FanDuel and Caesars, Missouri wagerers need to anticipate other leading national brands including BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.
Launch likelihood tiers IF Missouri voters authorize sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Likely: Fanatics, bet365, ESPN BET
Are Already Reside In Illinois, So Yeah(?): BetRivers, Hard Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's tally step enables every Missouri casino to open retail sportsbooks on their respective homes. Most if not all 13 gambling establishments handled by the 6 casino operators are expected to open in-person sports betting choices such as wagering kiosks and possibly devoted, full-service .
The 6 sports betting groups can also open in-person sportsbooks within or surrounding to their particular home playing places. 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 tally step needs 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, continually books' most lucrative time of the sports betting calendar.
Missouri sports betting wagering background
The effective Missouri sports betting campaign comes regardless of millions in funding opposing the step from one of the state's biggest sports betting stakeholders.
Caesars spent countless dollars to defeat the step. In a lot of 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 property.
In that scenario in Missouri, Caesars would be paid for a minimum of three possible 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 in-house books or, more typically, farm out the license to a competitor that pays an accompanying fee in exchange.
FanDuel and DraftKings, which have approximately two-thirds of U.S. nationwide sports betting deal with market share, could potentially have a leg up on their competitors by earning the pair of untethered licenses. It remains to be seen which two books will make these slots, however the language around the tally 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 slight lead. Support efforts were reinforced by tens of millions invested by DraftKings and FanDuel.
A series of tv and radio ads focused on the earnings legal sportsbooks would generate for Missouri public education. Opponents, moneyed largely by Caesars, argued the advocates' advertisements were misleading and the 10s of millions of forecasted dollars raised would have a negligible impact in a state that already spends billions on education every year.
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Missouri Sports Betting Ballot Measure Approved By Voters
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