Missouri voters authorized legal mobile and retail sports betting, allowing regulated books to take bets next year.
The sports betting ballot step passed by a slim bulk early Wednesday early morning after more than 2.9 million votes were counted.
Seven of the 8 states bordering Missouri allow mobile or retail sportsbooks. That includes Kansas and Illinois, which split 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 authorize sports betting wagering this year.
" Missouri has a few of the very best sports betting fans worldwide and they revealed up huge for their preferred 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 wish 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 ensures we no longer lose important tax revenue to our neighboring states. Most importantly, the passage of Amendment 2 indicates a new, devoted, irreversible funding stream for Missouri classrooms."
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Missouri sports betting next steps
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Voter approval indicates approximately 14 mobile sportsbooks could begin accepting bets next year. It is unlikely all 14 available licenses are utilized.
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DraftKings and FanDuel funded almost 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 readily 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 readily available to each Missouri gambling establishment operator, respectively. Caesars, regardless of opposing the tally measure, will likely use its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will likewise likely introduce their respective books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays unclear if they will release mobile sportsbooks.
The staying 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 companies were amongst the most prominent proponents of the ballot procedure.
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Along with DraftKings, FanDuel and Caesars, Missouri wagerers need to expect other prominent nationwide brand names including BetMGM, bet365, BetRivers and Fanatics to look for market access.
Launch possibility tiers IF Missouri voters approve sports betting wagering:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Most 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 permits every Missouri gambling establishment to open retail sportsbooks on their particular homes. Most if not all 13 gambling establishments handled by the six gambling establishment 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 likewise open in-person sportsbooks within or nearby 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 very first certified 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 profitable time of the .
Missouri sports betting wagering background
The successful Missouri sports betting wagering project comes despite millions in financing opposing the step from one of the state's largest gambling stakeholders.
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Caesars spent countless dollars to defeat the step. In a lot of other states that tie online sports betting with a state's brick-and-mortar casinos, an operator is granted a minimum of one license per handled residential or commercial property.
In that scenario in Missouri, Caesars would be afforded a minimum of 3 potential licenses, one for each gambling establishment it manages. Instead, Caesars just has one. In states with the license-per-property design, companies can either open additional in-house books or, more typically, subcontract 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 handle market share, might potentially have a leg up on their rivals by earning the set of untethered licenses. It remains to be seen which 2 books will make these slots, however the language around the ballot step 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 strengthened 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, moneyed largely by Caesars, argued the fans' ads were misleading and the 10s of countless predicted dollars raised would have a negligible impact in a state that currently invests billions on education every year.
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Missouri Sports Betting Ballot Measure Approved By Voters
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