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Missouri citizens approved legal mobile and retail sports betting wagering, allowing controlled books to take bets next year.
The sports betting wagering tally step gone by a slim majority early Wednesday morning after more than 2.9 million votes were counted.
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 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 approve sports betting wagering this year.
" Missouri has a few of the very best sports betting fans on the planet and they revealed up huge for their favorite teams 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 citizens who made their voices heard by approving Amendment 2. This historic vote makes Missouri the 39th state to legalize sports betting and ensures we no longer lose important tax revenue to our surrounding states. Most significantly, the passage of Amendment 2 suggests a brand-new, devoted, long-term financing stream for Missouri classrooms."
Missouri sports betting wagering next actions
Voter approval implies as much as 14 mobile sportsbooks could start accepting bets next year. It is not likely all 14 offered licenses are used.
DraftKings and FanDuel funded almost 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 readily available without needing to partner with a Missouri brick-and-mortar gambling establishment or sports betting group (and pay an accompanying charge).
Six licenses are readily available to each Missouri casino operator, respectively. Caesars, regardless of opposing the tally measure, will likely utilize its license to release the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will also likely introduce their particular books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains unclear if they will release mobile sportsbooks.
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The staying 6 licenses are booked for each of the significant expert 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 amongst the most prominent supporters of the tally step.
Along with DraftKings, FanDuel and Caesars, Missouri wagerers need to expect other leading national brands including BetMGM, bet365, BetRivers and Fanatics to seek market gain access to.
Launch likelihood tiers IF Missouri voters approve sports betting wagering:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Likely: Fanatics, bet365, ESPN BET
Are Already Live In Illinois, So Yeah(?): BetRivers, Acid Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's tally measure allows every Missouri casino to open retail sportsbooks on their respective properties. Most if not all 13 casinos handled by the 6 gambling establishment operators are expected to open in-person sports betting choices such as sports betting kiosks and possibly dedicated, full-service sportsbooks.
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The 6 sports betting groups can likewise open in-person sportsbooks within or nearby to their particular home playing places. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among that allow in-stadium retail sportsbooks.
The language around the tally procedure 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.
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Missouri sports betting background
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The successful Missouri sports betting campaign comes regardless of millions in funding opposing the procedure from among the state's largest gambling stakeholders.
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Caesars invested countless dollars to beat the step. In the majority of other states that tie online sports betting wagering with a state's brick-and-mortar gambling establishments, an operator is approved a minimum of one license per managed residential or commercial property.
In that circumstance in Missouri, Caesars would be paid for 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 model, companies can either open additional internal 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 approximately two-thirds of U.S. across the country sports betting wagering handle market share, could possibly have an upper hand on their rivals by earning the set of untethered licenses. It remains to be seen which two books will earn these slots, but the language around the tally measure would appear to prefer the two national market leaders.
Polling previously in the year revealed the "yes" vote with a small lead. Support efforts were bolstered by 10s of millions invested by DraftKings and FanDuel.
A series of television and radio ads concentrated on the profits legal sportsbooks would create for Missouri public education. Opponents, funded mainly by Caesars, argued the advocates' ads were deceptive and the tens of millions of forecasted dollars raised would have a negligible impact in a state that currently invests billions on education each year.
This will delete the page "Missouri Sports Betting Ballot Measure Approved By Voters"
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