1 Missouri Sports Betting Ballot Measure Approved By Voters

Patti Schafer edited this page 2024-12-24 04:00:12 +11:00

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


The sports betting wagering ballot step passed by a slim bulk early Wednesday early morning after more than 2.9 million votes were counted.
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Seven of the eight states bordering Missouri permit mobile or retail sportsbooks. That consists of Kansas and Illinois, which split the Kansas City and St. Louis metro areas 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.


" Missouri has some of the very best sports betting fans worldwide and they appeared big for their preferred groups on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, said in a statement. "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 authorizing Amendment 2. This historical vote makes Missouri the 39th state to legislate sports betting and ensures we no longer lose valuable tax earnings to our neighboring states. Most notably, the passage of Amendment 2 implies a new, dedicated, permanent funding stream for Missouri class."


Missouri sports betting wagering next steps


Voter approval implies up to 14 mobile sportsbooks might start accepting bets next year. It is unlikely all 14 readily available licenses are utilized.


DraftKings and FanDuel funded almost every dollar of the "yes" project and will undoubtedly 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 charge).


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


The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains unclear if they will release mobile sportsbooks.


The staying six licenses are booked for each of the significant 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 companies were among the most popular supporters of the tally step.


In addition to DraftKings, FanDuel and Caesars, Missouri gamblers should expect other leading national brand names consisting of BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.


Launch probability tiers IF Missouri citizens authorize sports betting:


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


Missouri's ballot step enables every Missouri casino to open retail sportsbooks on their respective residential or commercial properties. Most if not all 13 casinos managed by the six gambling establishment operators are expected to open in-person wagering alternatives such as sports betting kiosks and potentially committed, full-service sportsbooks.


The six sports betting groups can also open in-person sportsbooks within or surrounding to their particular home playing locations. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that enable in-stadium retail sportsbooks.


The language around the ballot measure requires the very first certified 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


The successful Missouri sports betting campaign comes despite millions in financing opposing the step from one of the state's biggest gambling stakeholders.


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


Because situation in Missouri, Caesars would be managed a minimum of three prospective licenses, one for each gambling establishment it handles. Instead, Caesars just has one. In states with the license-per-property design, business can either open additional in-house books or, more frequently, farm out the license to a rival that pays an accompanying charge in exchange.


FanDuel and DraftKings, which have approximately two-thirds of U.S. across the country sports betting manage market share, could possibly have a leg up on their competitors by earning the set of untethered licenses. It remains to be seen which 2 books will make these slots, however the language around the tally step would seem to prefer the 2 national market leaders.
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Polling earlier in the year showed the "yes" vote with a minor lead. Support efforts were boosted by 10s of millions invested by DraftKings and FanDuel.


A series of television and radio advertisements concentrated on the income legal sportsbooks would generate for Missouri public education. Opponents, moneyed largely by Caesars, argued the advocates' ads were misleading and the tens of millions of predicted dollars raised would have a negligible impact in a state that already invests billions on education each year.