1 Missouri Sports Betting Ballot Measure Approved By Voters
phoebe08194503 edited this page 3 weeks ago


Missouri voters authorized legal mobile and retail sports betting wagering, permitting regulated books to take bets next year.

The sports betting tally procedure gone by a slim bulk early Wednesday morning after more than 2.9 million votes were counted.

Seven of the eight states bordering Missouri permit mobile or retail sportsbooks. That includes Kansas and Illinois, which divided the Kansas City and St. Louis metro 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 approve sports betting this year.

" Missouri has a few of the very best sports betting fans worldwide and they showed up huge 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 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 wagering and guarantees we no longer lose valuable tax profits to our surrounding states. Most importantly, the passage of Amendment 2 implies a brand-new, devoted, permanent financing stream for Missouri classrooms."

Missouri sports betting next actions
bet9ja.com
Voter approval means as much as 14 mobile sportsbooks might start accepting bets next year. It is unlikely all 14 available licenses are utilized.
bet9ja.com
DraftKings and FanDuel financed almost every dollar of the "yes" project and will undoubtedly apply to take bets in the Show Me State. They will likely each pursue the 2 "untethered" licenses offered without needing to partner with a Missouri brick-and-mortar gambling establishment or sports betting team (and pay an accompanying fee).
bet9ja.com
Six licenses are offered to each Missouri casino operator, respectively. Caesars, regardless of opposing the tally measure, will likely utilize 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.

The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays uncertain if they will release mobile sportsbooks.

The remaining 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 companies were among the most prominent advocates of the tally procedure.

Along with DraftKings, FanDuel and Caesars, Missouri bettors need to anticipate other prominent nationwide brand names consisting of BetMGM, bet365, BetRivers and Fanatics to look for market access.

Launch likelihood tiers IF Missouri citizens authorize sports betting:

Guarantees: FanDuel, DraftKings Locks: BetMGM, Bally Bet Very 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 respective properties. Most if not all 13 casinos managed by the six casino operators are anticipated to open in-person wagering choices such as sports betting kiosks and possibly devoted, full-service sportsbooks.

The six can also open in-person sportsbooks within or surrounding to their particular home playing locations. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that allow in-stadium retail sportsbooks.

The language around the tally step requires the 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 financially rewarding time of the sports betting calendar.

Missouri sports betting background

The effective Missouri sports betting project comes despite millions in financing opposing the step from one of the state's biggest gambling stakeholders.

Caesars spent countless dollars to defeat the procedure. In most other states that connect online sports betting wagering with a state's brick-and-mortar casinos, an operator is approved a minimum of one license per managed home.

In that situation in Missouri, Caesars would be afforded at least three prospective licenses, one for each casino it handles. Instead, Caesars only has one. In states with the license-per-property model, companies can either open additional in-house books or, more commonly, farm out the license to a rival that pays an accompanying fee in exchange.

FanDuel and DraftKings, which have roughly two-thirds of U.S. nationwide sports betting wagering deal with market share, could potentially have an upper hand on their rivals by making the pair of untethered licenses. It stays to be seen which two books will make these slots, but the language around the ballot procedure would seem to prefer the 2 nationwide market leaders.

Polling previously in the year showed the "yes" vote with a minor lead. Support efforts were boosted by 10s of millions spent by DraftKings and FanDuel.

A series of television and radio advertisements focused on the revenue legal sportsbooks would create for Missouri public education. Opponents, funded mainly by Caesars, argued the advocates' advertisements were misleading and the 10s of millions of predicted dollars raised would have a negligible impact in a state that currently invests billions on education each year.