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Missouri voters approved legal mobile and retail sports betting, permitting managed books to take bets next year.
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The sports betting wagering tally step gone by a slim bulk early Wednesday morning after more than 2.9 million votes were counted.
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Seven of the eight states bordering Missouri allow mobile or retail sportsbooks. That consists of Kansas and Illinois, which divided the Kansas City and St. Louis city areas with Missouri, respectively.
Missouri is the 39th state to authorize legal sportsbooks and the 31st to green light statewide mobile wagering. It is the only state to approve sports betting wagering this year.
" Missouri has a few of the very best sports betting fans in the world and they appeared big for their favorite teams on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, stated in a declaration. "On behalf of all six of Missouri's professional sports betting franchises, we desire to thank the Missouri voters who made their voices heard by approving Amendment 2. This historic vote makes Missouri the 39th state to legislate sports betting wagering and guarantees we no longer lose important tax earnings to our surrounding states. Most notably, the passage of Amendment 2 implies a new, devoted, irreversible funding stream for Missouri classrooms."
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Missouri sports betting wagering next actions
Voter approval suggests up to 14 mobile sportsbooks might begin accepting bets next year. It is unlikely all 14 available licenses are utilized.
DraftKings and FanDuel funded nearly every dollar of the "yes" campaign 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 group (and pay an accompanying fee).
Six licenses are available to each Missouri gambling establishment operator, respectively. Caesars, regardless of opposing the tally procedure, will likely utilize its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which manages ESPN Bet, and Bally's (Bally Bet) will also likely introduce their particular books.
The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains unclear if they will introduce mobile sportsbooks.
The remaining six licenses are reserved for each of the major expert sports betting teams 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 prominent proponents of the tally step.
Along with DraftKings, FanDuel and Caesars, Missouri wagerers ought to anticipate other leading nationwide brands consisting of BetMGM, bet365, BetRivers and Fanatics to look for market access.
tiers IF Missouri citizens approve sports betting wagering:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Most likely: Fanatics, bet365, ESPN BET
Are Already Live In Illinois, So Yeah(?): BetRivers, Acid Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's tally step allows every Missouri gambling establishment to open retail sportsbooks on their particular residential or commercial properties. Most if not all 13 casinos handled by the 6 casino operators are anticipated to open in-person wagering options such as wagering kiosks and potentially devoted, full-service sportsbooks.
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The 6 sports betting groups 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 measure needs the first certified 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.
Missouri sports betting background
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The successful Missouri sports betting wagering campaign comes regardless of millions in financing opposing the measure from among the state's largest gambling stakeholders.
Caesars invested countless dollars to defeat the measure. In many other states that tie online sports betting wagering with a state's brick-and-mortar gambling establishments, an operator is granted a minimum of one license per handled property.
In that scenario in Missouri, Caesars would be managed a minimum of three potential 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 extra in-house books or, more commonly, subcontract the license to a rival that pays an accompanying charge in exchange.
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FanDuel and DraftKings, which have approximately two-thirds of U.S. nationwide sports betting wagering handle market share, could potentially have a leg up on their rivals by earning the pair of untethered licenses. It remains to be seen which two books will earn these slots, but the language around the tally step would seem to favor the 2 nationwide market leaders.
Polling earlier in the year revealed the "yes" vote with a small lead. Support efforts were bolstered by 10s of millions invested by DraftKings and FanDuel.
A series of television and radio ads concentrated on the earnings legal sportsbooks would create for Missouri public education. Opponents, funded mainly by Caesars, argued the supporters' advertisements were misleading and the tens of millions of projected dollars raised would have a negligible impact in a state that already invests billions on education every year.
This will delete the page "Missouri Sports Betting Ballot Measure Approved By Voters"
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