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

The sports betting tally step gone by a slim majority early Wednesday early 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 approve legal sportsbooks and the 31st to green light statewide mobile wagering. It is the only state to approve sports betting this year.

" Missouri has a few of the best 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 statement. "On behalf of all six of Missouri's expert sports betting franchises, we want to thank the Missouri voters who made their voices heard by authorizing Amendment 2. This historical vote makes Missouri the 39th state to legalize sports betting wagering and ensures we no longer lose important tax income to our surrounding states. Most importantly, the passage of Amendment 2 suggests a brand-new, devoted, irreversible funding stream for Missouri classrooms."

Missouri sports betting next actions

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

DraftKings and FanDuel funded nearly 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 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 casino operator, respectively. Caesars, in spite of opposing the ballot step, will likely utilize its license to release the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will also likely introduce their particular books.
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The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains uncertain if they will release mobile sportsbooks.

The staying 6 licenses are reserved for each of the major 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 proponents of the tally measure.

Together with DraftKings, FanDuel and Caesars, Missouri wagerers ought to expect other brand names including BetMGM, bet365, BetRivers and Fanatics to seek market access.

Launch likelihood 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 permits every Missouri casino to open retail sportsbooks on their respective properties. Most if not all 13 casinos handled by the six gambling establishment operators are expected to open in-person wagering options such as sports betting kiosks and possibly devoted, full-service sportsbooks.

The 6 sports betting teams can likewise open in-person sportsbooks within or adjacent to their particular home playing places. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that allow in-stadium retail sportsbooks.

The language around the ballot step needs the first licensed 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, perennially books' most lucrative time of the sports betting calendar.

Missouri sports betting background

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

Caesars spent millions of dollars to defeat the measure. In a lot of other states that tie online sports betting wagering with a state's brick-and-mortar gambling establishments, an operator is given at least one license per managed residential or commercial property.

In that circumstance in Missouri, Caesars would be managed at least 3 prospective licenses, one for each gambling establishment it handles. Instead, Caesars just has one. In states with the license-per-property model, business can either open additional internal books or, more frequently, farm out the license to a rival that pays an accompanying fee in exchange.

FanDuel and DraftKings, which have approximately two-thirds of U.S. nationwide sports betting deal with market share, might possibly have an upper hand on their competitors by earning the pair of untethered licenses. It remains to be seen which 2 books will make these slots, however the language around the tally step would appear 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 bolstered by tens of millions spent by DraftKings and FanDuel.

A series of television and radio ads focused on the revenue legal sportsbooks would produce for Missouri public education. Opponents, funded largely by Caesars, argued the fans' advertisements were deceptive and the tens of countless forecasted dollars raised would have a negligible effect in a state that currently invests billions on education every year.
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