Missouri voters approved legal mobile and retail sports betting, allowing controlled 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.
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 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 this year.
bet9ja.com
" Missouri has a few of the finest sports betting fans on the planet and they appeared huge for their favorite teams on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, said in a declaration. "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 approving Amendment 2. This historical vote makes Missouri the 39th state to legalize sports betting and guarantees we no longer lose valuable tax revenue to our neighboring states. Most importantly, the passage of Amendment 2 implies a new, dedicated, irreversible financing stream for Missouri classrooms."
Missouri sports betting next steps
Voter approval means as much as 14 mobile sportsbooks could start accepting bets next year. It is unlikely all 14 offered licenses are used.
DraftKings and FanDuel financed nearly every dollar of the "yes" campaign and will unquestionably apply to take bets in the Show Me State. They will likely each pursue the 2 "untethered" licenses offered without having to partner with a Missouri brick-and-mortar casino or sports betting group (and pay an accompanying fee).
Six licenses are readily available to each Missouri gambling establishment operator, respectively. Caesars, despite opposing the ballot step, will likely utilize its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will likewise likely release their respective books.
bet9ja.com
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains uncertain if they will introduce mobile sportsbooks.
The staying 6 licenses are reserved for each of the significant professional sports betting groups 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 tally step.
In addition to DraftKings, FanDuel and Caesars, Missouri wagerers must expect other leading nationwide brands consisting of BetMGM, bet365, BetRivers and Fanatics to seek market access.
Launch possibility tiers IF Missouri voters approve 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 tally procedure allows every Missouri casino to open retail sportsbooks on their particular homes. Most if not all 13 gambling establishments handled by the six casino operators are anticipated to open in-person wagering options such as wagering kiosks and possibly committed, full-service sportsbooks.
The 6 sports betting groups 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. among that permit in-stadium retail sportsbooks.
bet9ja.com
The language around the ballot measure requires the very first certified sportsbooks to begin 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 sports betting calendar.
Missouri sports betting wagering background
The successful Missouri sports betting wagering campaign comes despite millions in funding opposing the measure from one of the state's largest gambling stakeholders.
Caesars spent millions of dollars to defeat the procedure. In most other states that tie online sports betting wagering with a state's brick-and-mortar casinos, an operator is granted at least one license per managed property.
Because situation in Missouri, Caesars would be afforded at least three prospective licenses, one for each gambling establishment it handles. Instead, Caesars only has one. In states with the license-per-property design, business can either open additional in-house books or, more commonly, subcontract the license to a rival that pays an accompanying charge in exchange.
bet9ja.com
FanDuel and DraftKings, which have approximately two-thirds of U.S. across the country sports betting wagering manage market share, could possibly have a leg up on their competitors by earning the set of untethered licenses. It stays to be seen which two books will make these slots, however the language around the ballot step would appear to prefer the 2 national market leaders.
Polling earlier in the year showed the "yes" vote with a small lead. Support efforts were reinforced by tens of millions spent by DraftKings and FanDuel.
A series of television and radio advertisements focused on the earnings legal sportsbooks would create for Missouri public education. Opponents, moneyed mostly by Caesars, argued the supporters' advertisements were deceptive and the 10s of millions of predicted dollars raised would have a minimal effect in a state that already invests billions on education yearly.
bet9ja.com
1
Missouri Sports Betting Ballot Measure Approved By Voters
lavonnehurley5 edited this page 3 weeks ago