1 Missouri Sports Betting Ballot Measure Approved By Voters
concepcion8318 edited this page 2024-12-31 18:08:13 +00:00


Missouri voters approved legal mobile and retail sports betting wagering, allowing regulated books to take bets next year.
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The sports betting ballot step gone by a slim bulk early Wednesday early 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 split the Kansas City and St. Louis city locations with Missouri, respectively.

Missouri is the 39th state to approve legal sportsbooks and the 31st to green light statewide mobile wagering. It is the only state to approve sports betting wagering this year.

" Missouri has some of the very best sports betting fans on the planet and they appeared big for their favorite groups on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, stated in a declaration. "On behalf of all six of Missouri's professional sports betting franchises, we want to thank the Missouri citizens 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 important tax earnings to our surrounding states. Most notably, the passage of Amendment 2 indicates a brand-new, dedicated, irreversible funding stream for Missouri classrooms."

Missouri sports betting next steps
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Voter approval indicates up to 14 mobile sportsbooks might start accepting bets next year. It is not likely all 14 readily available licenses are used.

DraftKings and FanDuel funded nearly every dollar of the "yes" campaign and will unquestionably 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 casino or sports betting team (and pay an accompanying cost).

Six licenses are available to each Missouri gambling establishment operator, respectively. Caesars, despite opposing the tally measure, will likely use its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will likewise likely launch their particular books.

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

The remaining six licenses are scheduled for each of the major professional 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 companies were among the most popular advocates of the ballot step.

In addition to DraftKings, FanDuel and Caesars, Missouri gamblers ought to expect other prominent national brands including BetMGM, bet365, BetRivers and Fanatics to look for market access.

Launch possibility tiers IF Missouri citizens approve sports betting wagering:

Guarantees: FanDuel, DraftKings Locks: BetMGM, Bally Bet Likely: Fanatics, bet365, ESPN BET Are Already Reside In Illinois, So Yeah(?): BetRivers, Acid Rock, Circa Opposed Referendum But Still Might: Caesars

Missouri's tally measure permits every Missouri gambling establishment to open retail sportsbooks on their particular residential or commercial properties. Most if not all 13 casinos handled by the 6 gambling establishment operators are anticipated to open in-person wagering options such as wagering kiosks and potentially committed, full-service sportsbooks.

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

The language around the tally measure 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, continually books' most lucrative time of the sports betting calendar.

Missouri sports betting background
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The successful Missouri sports betting wagering project comes in spite of millions in financing opposing the procedure from one of the state's largest sports betting stakeholders.

Caesars spent countless dollars to beat the procedure. 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 property.

In that circumstance in Missouri, Caesars would be afforded a minimum of 3 potential licenses, one for each gambling establishment 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, subcontract the license to a competitor that pays an accompanying fee in exchange.

FanDuel and DraftKings, which have approximately two-thirds of U.S. across the country sports betting wagering handle market share, could potentially have an upper hand on their competitors by earning the set of untethered licenses. It remains to be seen which two books will make these slots, but the language around the ballot measure would appear to prefer the 2 nationwide market leaders.

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

A series of tv and radio ads concentrated on the earnings legal sportsbooks would create for Missouri public education. Opponents, moneyed mainly by Caesars, argued the supporters' ads were deceptive and the 10s of millions of forecasted dollars raised would have a negligible effect in a state that currently spends billions on education each year.