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Missouri voters authorized legal mobile and retail sports betting wagering, permitting controlled books to take bets next year.
The sports betting tally procedure passed by a slim majority early Wednesday morning after more than 2.9 million votes were counted.
Seven of the 8 states bordering Missouri allow mobile or retail sportsbooks. That consists of Kansas and Illinois, which split the Kansas City and St. Louis city areas with Missouri, respectively.
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Missouri is the 39th state to authorize legal sportsbooks and the 31st to green light statewide mobile wagering. It is the only state to authorize 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 revealed up huge for their preferred groups 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 voters who made their voices heard by authorizing Amendment 2. This historic vote makes Missouri the 39th state to legalize sports betting and guarantees we no longer lose valuable tax income to our neighboring states. Most notably, the passage of Amendment 2 indicates a new, dedicated, long-term funding stream for Missouri classrooms."
Missouri sports betting wagering next actions
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Voter approval means up to 14 mobile sportsbooks could begin accepting bets next year. It is unlikely all 14 available licenses are used.
DraftKings and FanDuel funded nearly every dollar of the "yes" project and will certainly use to take bets in the Show Me State. They will likely each pursue the 2 "untethered" licenses offered without having to partner with a Missouri brick-and-mortar casino or sports betting group (and pay an accompanying charge).
Six licenses are available to each Missouri gambling establishment operator, respectively. Caesars, in spite of opposing the tally measure, will likely utilize its license to launch the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will also likely release their respective books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays unclear if they will launch mobile sportsbooks.
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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 procedure.
Along with DraftKings, FanDuel and Caesars, Missouri gamblers ought to anticipate other leading nationwide brands including BetMGM, bet365, BetRivers and Fanatics to look for market gain access to.
Launch probability tiers IF Missouri citizens approve sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Likely: Fanatics, bet365, ESPN BET
Are Already Live In Illinois, So Yeah(?): BetRivers, Hard Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's tally measure enables every Missouri casino to open retail sportsbooks on their particular homes. Most if not all 13 casinos handled by the 6 gambling establishment operators are anticipated to open in-person sports betting options such as wagering kiosks and potentially devoted, full-service sportsbooks.
The 6 sports betting groups can likewise open in-person sportsbooks within or nearby to their respective home playing venues. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that permit in-stadium retail sportsbooks.
The language around the tally measure requires the first certified 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 rewarding time of the sports betting calendar.
Missouri sports betting background
The effective Missouri sports betting wagering project comes in spite of millions in funding opposing the procedure from one of the state's biggest gambling stakeholders.
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Caesars invested millions of dollars to defeat the procedure. In a lot of other states that tie online sports betting with a state's brick-and-mortar casinos, an is granted at least one license per managed residential or commercial property.
In that circumstance in Missouri, Caesars would be paid for a minimum of 3 possible licenses, one for each casino it handles. Instead, Caesars only has one. In states with the license-per-property model, business can either open extra internal books or, more commonly, subcontract the license to a competitor that pays an accompanying cost in exchange.
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FanDuel and DraftKings, which have roughly two-thirds of U.S. nationwide sports betting wagering handle market share, might potentially have a leg up on their rivals by earning the set of untethered licenses. It stays to be seen which two books will make these slots, however the language around the tally procedure would appear to favor the 2 nationwide market leaders.
Polling earlier in the year showed the "yes" vote with a small lead. Support efforts were strengthened 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 advocates' advertisements were deceptive and the tens of countless forecasted dollars raised would have a negligible impact in a state that currently invests billions on education yearly.
This will delete the page "Missouri Sports Betting Ballot Measure Approved By Voters"
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