This will delete the page "Missouri Sports Betting Ballot Measure Approved By Voters"
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Missouri citizens approved legal mobile and retail sports betting wagering, allowing controlled books to take bets next year.
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The sports betting wagering tally measure 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 permit mobile or retail sportsbooks. That consists of Kansas and Illinois, which split the Kansas City and St. Louis metro 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 authorize sports betting wagering this year.
" Missouri has a few of the very best sports betting fans on the planet and they showed up huge for their preferred teams on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, said in a declaration. "On behalf of all 6 of Missouri's professional 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 and guarantees we no longer lose important tax earnings to our surrounding states. Most importantly, the passage of Amendment 2 implies a new, devoted, permanent financing stream for Missouri class."
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Missouri sports betting wagering next actions
Voter approval indicates approximately 14 mobile sportsbooks could begin accepting bets next year. It is not likely all 14 readily available licenses are utilized.
DraftKings and FanDuel financed nearly every dollar of the "yes" and will undoubtedly apply to take bets in the Show Me State. They will likely each pursue the two "untethered" licenses available without having to partner with a Missouri brick-and-mortar gambling establishment or sports betting team (and pay an accompanying cost).
Six licenses are readily available to each Missouri casino operator, respectively. Caesars, despite opposing the tally procedure, will likely use its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will likewise likely launch their respective books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains unclear if they will launch mobile sportsbooks.
The staying 6 licenses are reserved 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 amongst the most popular supporters of the ballot procedure.
Together with DraftKings, FanDuel and Caesars, Missouri bettors must anticipate other leading nationwide brand names including BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.
Launch possibility tiers IF Missouri citizens approve sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Highly likely: Fanatics, bet365, ESPN BET
Are Already Live In Illinois, So Yeah(?): BetRivers, Hard Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's ballot procedure allows every Missouri casino to open retail sportsbooks on their respective properties. Most if not all 13 gambling establishments managed by the 6 casino operators are anticipated to open in-person sports betting options such as wagering kiosks and possibly devoted, full-service sportsbooks.
The six sports betting groups can also open in-person sportsbooks within or surrounding to their respective home playing places. Missouri will sign up with Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among jurisdictions that allow in-stadium retail sportsbooks.
The language around the tally procedure requires the very first licensed sportsbooks to begin accepting wagers by Dec. 1, 2025. Operators will likely work with regulators to go live before kick-off of the fall 2025 football season, perennially books' most rewarding time of the sports betting calendar.
Missouri sports betting background
The effective Missouri sports betting campaign comes in spite of millions in financing opposing the measure from one of the state's biggest sports betting stakeholders.
Caesars invested millions of dollars to defeat the step. In most other states that connect online sports betting with a state's brick-and-mortar casinos, an operator is granted a minimum of one license per managed property.
Because circumstance in Missouri, Caesars would be afforded a minimum of three potential licenses, one for each gambling establishment it handles. Instead, Caesars only has one. In states with the license-per-property model, companies can either open extra in-house books or, more frequently, subcontract the license to a competitor that pays an accompanying charge in exchange.
FanDuel and DraftKings, which have approximately two-thirds of U.S. across the country sports betting wagering manage market share, might potentially have a leg up on their competitors 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 step would appear to prefer the two nationwide market leaders.
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Polling earlier in the year revealed the "yes" vote with a slight lead. Support efforts were boosted by tens of millions spent by DraftKings and FanDuel.
A series of tv and radio ads focused on the profits legal sportsbooks would produce for Missouri public education. Opponents, funded mainly by Caesars, argued the fans' advertisements were misleading and the 10s of countless forecasted dollars raised would have a negligible impact in a state that already invests billions on education yearly.
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This will delete the page "Missouri Sports Betting Ballot Measure Approved By Voters"
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