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Missouri citizens authorized legal mobile and retail sports betting, allowing managed books to take bets next year.
The sports betting wagering ballot procedure gone by a slim bulk early Wednesday morning after more than 2.9 million votes were counted.
Seven of the eight 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 authorize 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 a few of the finest sports betting fans worldwide and they appeared huge for their preferred teams on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, stated in a declaration. "On behalf of all 6 of Missouri's professional sports betting franchises, we wish to thank the Missouri voters who made their voices heard by approving Amendment 2. This historic vote makes Missouri the 39th state to legalize sports betting and guarantees we no longer lose valuable tax profits to our surrounding states. Most importantly, the passage of Amendment 2 suggests a brand-new, dedicated, irreversible funding stream for Missouri classrooms."
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Missouri sports betting wagering next actions
Voter approval implies approximately 14 mobile sportsbooks might start accepting bets next year. It is unlikely all 14 readily available licenses are used.
DraftKings and FanDuel funded nearly every dollar of the "yes" campaign and will certainly apply to take bets in the Show Me State. They will likely each pursue the two "untethered" licenses readily available without needing to partner with a Missouri brick-and-mortar casino or sports betting team (and pay an accompanying fee).
Six licenses are readily available to each Missouri casino operator, respectively. Caesars, in spite of opposing the ballot measure, will likely utilize its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will likewise likely launch their respective books.
The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays unclear if they will release mobile sportsbooks.
The remaining six licenses are scheduled for each of the major expert sports betting teams that play home 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 among the most prominent advocates of the ballot step.
Together with DraftKings, FanDuel and Caesars, Missouri wagerers must anticipate other prominent nationwide brands consisting of BetMGM, bet365, BetRivers and Fanatics to look for market access.
Launch possibility tiers IF Missouri citizens authorize sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Highly likely: Fanatics, bet365, ESPN BET
Are Already Reside In Illinois, So Yeah(?): BetRivers, Hard Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's ballot step enables every Missouri gambling establishment to open retail sportsbooks on their particular properties. Most if not all 13 gambling establishments handled by the six casino operators are expected to open in-person wagering options such as wagering kiosks and possibly dedicated, full-service sportsbooks.
The six sports betting groups can also open in-person sportsbooks within or surrounding to their particular home playing venues. Missouri will sign up with Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among jurisdictions that permit in-stadium retail sportsbooks.
The language around the ballot procedure 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 profitable time of the sports betting calendar.
Missouri sports betting wagering background
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The successful Missouri sports betting wagering campaign comes despite millions in funding opposing the measure from one of the state's largest gambling stakeholders.
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Caesars spent millions of dollars to defeat the procedure. In many other states that connect online sports betting with a state's brick-and-mortar gambling establishments, an operator is given at least one license per handled home.
In that situation in Missouri, Caesars would be afforded a minimum of 3 possible licenses, one for each casino it handles. Instead, Caesars only has one. In states with the license-per-property model, companies can either open extra in-house books or, more commonly, farm out the license to a rival that pays an accompanying cost in exchange.
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FanDuel and DraftKings, which have roughly two-thirds of U.S. across the country sports betting wagering handle market share, could possibly have a leg up on their rivals by making the set of untethered licenses. It remains to be seen which two books will earn these slots, however the language around the would seem to favor the two nationwide market leaders.
Polling previously in the year showed the "yes" vote with a small lead. Support efforts were boosted by tens of millions spent by DraftKings and FanDuel.
A series of tv and radio ads concentrated on the revenue legal sportsbooks would produce for Missouri public education. Opponents, funded largely by Caesars, argued the fans' advertisements were deceptive and the 10s of millions of forecasted dollars raised would have a negligible impact in a state that already spends billions on education annually.
This will delete the page "Missouri Sports Betting Ballot Measure Approved By Voters"
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