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Missouri Sports Betting Ballot Measure Approved By Voters

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

The sports betting wagering ballot procedure 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 includes Kansas and Illinois, which divided the Kansas City and St. Louis city locations with Missouri, respectively.

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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 wagering this year.

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” Missouri has some of the very best sports betting fans worldwide and they appeared huge for their favorite groups on Election Day,” Bill DeWitt III, president of the St. Louis Cardinals, stated in a statement. “On behalf of all six of Missouri’s expert sports betting franchises, we desire to thank the Missouri citizens who made their voices heard by approving Amendment 2. This historical vote makes Missouri the 39th state to legislate sports betting wagering and ensures we no longer lose valuable tax revenue to our neighboring states. Most significantly, the passage of Amendment 2 implies a new, dedicated, irreversible financing stream for Missouri classrooms.”

Missouri sports betting wagering next steps

Voter approval implies as much as 14 mobile sportsbooks could begin accepting bets next year. It is not likely all 14 offered licenses are utilized.

DraftKings and FanDuel funded nearly every dollar of the “yes” project and will certainly apply to take bets in the Show Me State. They will likely each pursue the 2 “untethered” licenses readily available without having to partner with a Missouri brick-and-mortar casino or sports betting group (and pay an accompanying cost).

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Six licenses are available to each Missouri gambling establishment operator, respectively. Caesars, regardless of opposing the tally procedure, will likely utilize its license to launch the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally’s (Bally Bet) will also likely launch their respective books.

The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains unclear if they will introduce mobile sportsbooks.

The remaining six licenses are scheduled 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 amongst the most prominent supporters of the ballot measure.

Along with DraftKings, FanDuel and Caesars, Missouri wagerers ought to anticipate other prominent national brand names consisting of BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.

Launch likelihood tiers IF Missouri citizens authorize sports betting wagering:

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 tally measure enables every Missouri gambling establishment to open retail sportsbooks on their particular properties. Most if not all 13 casinos managed by the 6 casino operators are expected to open in-person sports betting options such as sports betting kiosks and possibly dedicated, full-service sportsbooks.

The 6 sports betting teams can also open in-person sportsbooks within or adjacent to their particular home playing places. 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 tally step needs the first licensed sportsbooks to start 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 rewarding time of the sports betting calendar.

Missouri sports betting wagering background

The successful Missouri sports betting wagering project comes despite millions in financing opposing the procedure from one of the state’s biggest sports betting stakeholders.

Caesars spent countless dollars to beat the measure. In most other states that connect online sports betting with a state’s brick-and-mortar casinos, an operator is given a minimum of one license per handled property.

Because circumstance in Missouri, Caesars would be managed a minimum of three 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 typically, subcontract the license to a competitor that pays an accompanying charge in exchange.

FanDuel and DraftKings, which have roughly two-thirds of U.S. across the country sports betting deal with market share, might potentially have a leg up on their competitors by earning the set of untethered licenses. It stays to be seen which two books will earn these slots, however the language around the ballot measure would seem to prefer the two nationwide market leaders.

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Polling previously in the year showed the “yes” vote with a slight lead. Support efforts were bolstered by 10s of millions spent by DraftKings and FanDuel.

A series of television and radio ads concentrated on the sportsbooks would generate for Missouri public education. Opponents, moneyed mostly by Caesars, argued the fans’ advertisements were deceptive and the 10s of countless forecasted dollars raised would have a minimal impact in a state that currently invests billions on education yearly.

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