Missouri voters approved legal mobile and retail sports betting, allowing controlled books to take bets next year.
The sports betting ballot procedure gone by a slim bulk early Wednesday early morning after more than 2.9 million votes were counted.
Seven of the 8 states bordering Missouri enable mobile or retail sportsbooks. That consists of Kansas and Illinois, which divided the Kansas City and St. Louis city locations 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 approve sports betting this year.
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" Missouri has a few of the 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, said in a declaration. "On behalf of all 6 of Missouri's professional sports betting franchises, we wish 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 guarantees we no longer lose valuable tax profits to our neighboring states. Most importantly, the passage of Amendment 2 indicates a brand-new, dedicated, permanent financing stream for Missouri class."
Missouri sports betting next steps
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Voter approval means approximately 14 mobile sportsbooks might start accepting bets next year. It is unlikely all 14 readily available licenses are used.
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 available without needing 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 available to each Missouri casino operator, respectively. Caesars, despite opposing the tally procedure, 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 release their respective books.
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The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains uncertain if they will introduce 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 organizations were amongst the most prominent proponents of the tally procedure.
In addition to DraftKings, FanDuel and Caesars, Missouri gamblers should anticipate other prominent nationwide brands including BetMGM, bet365, BetRivers and Fanatics to look for market access.
Launch likelihood tiers IF Missouri voters approve sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Highly likely: Fanatics, bet365, ESPN BET
Are Already Live In Illinois, So Yeah(?): BetRivers, Acid Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's ballot step enables every Missouri gambling establishment to open retail sportsbooks on their respective residential or commercial properties. Most if not all 13 casinos managed by the 6 gambling establishment operators are anticipated to open in-person wagering choices such as wagering kiosks and possibly committed, full-service sportsbooks.
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The 6 sports betting teams can also open in-person sportsbooks within or adjacent to their particular home playing locations. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among jurisdictions that enable in-stadium retail sportsbooks.
The language around the tally measure requires the very 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, continually books' most profitable time of the sports betting calendar.
Missouri sports betting background
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The effective Missouri sports betting wagering project comes regardless of millions in financing opposing the procedure from among the state's largest sports betting stakeholders.
Caesars spent millions of dollars to defeat the step. In most other states that tie online sports betting wagering with a state's brick-and-mortar casinos, an operator is approved a minimum of one license per managed property.
In that situation in Missouri, Caesars would be paid for a minimum of 3 possible licenses, one for each casino it handles. Instead, Caesars just has one. In states with the license-per-property design, business can either open additional internal books or, more frequently, farm out the license to a competitor that pays an accompanying cost in exchange.
FanDuel and DraftKings, which have roughly two-thirds of U.S. nationwide sports betting deal with market share, could possibly have an upper hand on their competitors by earning the pair of licenses. It stays to be seen which two books will earn these slots, but the language around the ballot procedure would seem to prefer the 2 national market leaders.
Polling earlier in the year showed the "yes" vote with a slight lead. Support efforts were strengthened by tens of millions invested by DraftKings and FanDuel.
A series of tv and radio advertisements focused on the income legal sportsbooks would produce for Missouri public education. Opponents, moneyed mostly by Caesars, argued the advocates' advertisements were misleading and the 10s of countless forecasted dollars raised would have a minimal effect in a state that already invests billions on education each year.
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Missouri Sports Betting Ballot Measure Approved By Voters
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