1 Missouri Sports Betting Ballot Measure Approved By Voters

doloreseyler95 edited this page 2024-12-18 00:02:09 +00:00

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Missouri voters authorized legal mobile and retail sports betting, permitting regulated books to take bets next year.
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The sports betting wagering tally procedure 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 8 states bordering 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 approve legal sportsbooks and the 31st to green light statewide mobile sports betting. It is the only state to authorize sports betting wagering this year.

" Missouri has some of the very best sports betting fans in the world and they showed up 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 desire to thank the Missouri citizens who made their voices heard by authorizing Amendment 2. This historical vote makes Missouri the 39th state to legalize sports betting and ensures we no longer lose important tax profits to our neighboring states. Most importantly, the passage of Amendment 2 suggests a brand-new, devoted, long-term funding stream for Missouri classrooms."

Missouri sports betting wagering next steps

Voter approval suggests up to 14 mobile sportsbooks could start accepting bets next year. It is not likely all 14 offered licenses are utilized.

DraftKings and FanDuel funded almost 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 having to partner with a Missouri brick-and-mortar gambling establishment or sports betting team (and pay an accompanying fee).

Six licenses are available to each Missouri casino operator, respectively. Caesars, in spite of opposing the tally procedure, will likely use its license to release the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will likewise likely introduce their respective books.

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

The remaining 6 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 organizations were among the most prominent proponents of the ballot procedure.

Along with DraftKings, FanDuel and Caesars, Missouri bettors need to anticipate other prominent national brand names consisting of BetMGM, bet365, BetRivers and Fanatics to seek market gain access to.

Launch likelihood tiers IF Missouri voters authorize sports betting wagering:

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

Missouri's ballot step allows every Missouri gambling establishment to open retail sportsbooks on their respective properties. Most if not all 13 gambling establishments handled by the six casino operators are anticipated to open in-person wagering choices such as sports betting kiosks and potentially committed, full-service sportsbooks.

The 6 sports betting teams can also open in-person sportsbooks within or adjacent to their respective home playing places. will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among jurisdictions that enable in-stadium retail sportsbooks.

The language around the ballot step needs the 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 lucrative time of the sports betting calendar.

Missouri sports betting wagering background

The effective Missouri sports betting campaign comes despite millions in funding opposing the procedure from among the state's biggest sports betting stakeholders.
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Caesars spent millions of dollars to defeat the step. In many 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 handled property.

In that circumstance in Missouri, Caesars would be paid for at least three potential licenses, one for each gambling establishment it manages. Instead, Caesars only has one. In states with the license-per-property design, companies can either open additional in-house books or, more commonly, farm out the license to a rival that pays an accompanying cost in exchange.

FanDuel and DraftKings, which have roughly two-thirds of U.S. across the country sports betting wagering handle market share, could possibly have an upper hand on their rivals by making the pair of untethered licenses. It remains to be seen which 2 books will make these slots, however the language around the ballot measure would appear to favor the two nationwide market leaders.
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Polling previously in the year revealed the "yes" vote with a minor lead. Support efforts were strengthened by tens of millions invested by DraftKings and FanDuel.

A series of tv and radio ads concentrated on the profits legal sportsbooks would create for Missouri public education. Opponents, moneyed mainly by Caesars, argued the advocates' advertisements were misleading and the 10s of countless predicted dollars raised would have a minimal effect in a state that already invests billions on education annually.
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