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Missouri voters authorized legal mobile and retail sports betting wagering, permitting managed books to take bets next year.

The sports betting ballot step gone by a slim bulk 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 split the Kansas City and St. Louis city locations with Missouri, respectively.
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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 wagering this year.
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" Missouri has a few of the very best sports betting fans in the world and they appeared big for their preferred teams on Election Day," Bill DeWitt III, of the St. Louis Cardinals, stated in a declaration. "On behalf of all 6 of Missouri's expert sports betting franchises, we desire to thank the Missouri citizens who made their voices heard by authorizing Amendment 2. This historic vote makes Missouri the 39th state to legislate sports betting wagering and ensures we no longer lose valuable tax profits to our neighboring states. Most notably, the passage of Amendment 2 indicates a new, dedicated, permanent financing stream for Missouri classrooms."

Missouri sports betting wagering next actions

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

DraftKings and FanDuel funded almost every dollar of the "yes" project and will certainly 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 team (and pay an accompanying cost).
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Six licenses are readily available to each Missouri gambling establishment operator, respectively. Caesars, despite opposing the ballot procedure, will likely use its license to launch the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will also likely launch their particular books.

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

The staying 6 licenses are scheduled for each of the significant professional sports betting groups that play home video 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 proponents of the tally measure.

Together with DraftKings, FanDuel and Caesars, Missouri wagerers ought to expect other leading nationwide brands consisting of BetMGM, bet365, BetRivers and Fanatics to seek market gain access to.

Launch possibility tiers IF Missouri voters authorize sports betting wagering:
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Guarantees: FanDuel, DraftKings Locks: BetMGM, Bally Bet 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 particular residential or commercial properties. Most if not all 13 gambling establishments handled by the six gambling establishment operators are expected to open in-person wagering alternatives such as sports betting kiosks and possibly dedicated, full-service sportsbooks.

The six sports betting groups can also open in-person sportsbooks within or adjacent to their particular home playing venues. Missouri will sign up with Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among jurisdictions that permit in-stadium retail sportsbooks.

The language around the ballot step needs the very first licensed 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, perennially books' most rewarding time of the sports betting calendar.
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Missouri sports betting background
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The successful Missouri sports betting wagering project comes regardless of millions in financing opposing the procedure from among the state's largest sports betting stakeholders.

Caesars spent millions of dollars to defeat the procedure. In the majority of other states that tie online sports betting wagering with a state's brick-and-mortar casinos, an operator is approved at least one license per managed property.

In that 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 model, companies can either open additional in-house books or, more typically, farm out the license to a competitor that pays an accompanying fee in exchange.

FanDuel and DraftKings, which have roughly two-thirds of U.S. nationwide sports betting manage market share, could possibly have an upper hand on their rivals by earning the set of untethered licenses. It stays to be seen which two books will earn these slots, however the language around the ballot procedure would appear to favor the 2 national market leaders.

Polling previously in the year revealed the "yes" vote with a minor lead. Support efforts were reinforced by 10s 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, moneyed largely by Caesars, argued the fans' advertisements were deceptive and the 10s of countless projected dollars raised would have a negligible impact in a state that currently invests billions on education each year.