Missouri citizens authorized legal mobile and retail sports betting, allowing regulated books to take bets next year.

The sports betting wagering tally step gone by a slim majority early Wednesday morning after more than 2.9 million votes were counted.

Seven of the eight states surrounding Missouri enable mobile or retail sportsbooks. That consists of Kansas and Illinois, which divided 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 approve sports betting wagering this year.

" Missouri has some of the finest sports betting fans on the planet and they revealed up huge for their preferred groups on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, said in a declaration. "On behalf of all six of Missouri's professional sports betting franchises, we desire to thank the Missouri citizens who made their voices heard by approving Amendment 2. This historical vote makes Missouri the 39th state to legislate sports betting and ensures we no longer lose valuable tax earnings to our neighboring states. Most significantly, the passage of Amendment 2 suggests a brand-new, devoted, irreversible funding stream for Missouri classrooms."

Missouri sports betting next actions

Voter approval indicates approximately 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" campaign and will certainly apply to take bets in the Show Me State. They will likely each pursue the 2 "untethered" licenses available without having to partner with a Missouri brick-and-mortar casino or sports betting team (and pay an accompanying fee).
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Six licenses are offered 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 likewise likely release their particular books.

The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays if they will introduce mobile sportsbooks.
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The staying 6 licenses are reserved for each of the major professional 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 among the most popular advocates of the tally step.
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Along with DraftKings, FanDuel and Caesars, Missouri bettors must anticipate other leading nationwide brand names consisting of BetMGM, bet365, BetRivers and Fanatics to seek market access.
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Launch probability tiers IF Missouri citizens authorize sports betting wagering:

Guarantees: FanDuel, DraftKings Locks: BetMGM, Bally Bet Most 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 step enables every Missouri casino to open retail sportsbooks on their particular properties. Most if not all 13 casinos managed by the six casino operators are expected to open in-person wagering options such as sports betting kiosks and potentially committed, full-service sportsbooks.
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The 6 sports betting teams 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.
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The language around the tally procedure requires the first licensed 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, continually books' most lucrative time of the sports betting calendar.

Missouri sports betting wagering background

The successful Missouri sports betting campaign comes in spite of millions in financing opposing the procedure from one of the state's biggest sports betting stakeholders.

Caesars spent countless dollars to beat the procedure. In most other states that connect online sports betting wagering with a state's brick-and-mortar gambling establishments, an operator is given a minimum of one license per handled home.

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

FanDuel and DraftKings, which have roughly two-thirds of U.S. across the country sports betting handle market share, could possibly have a leg up on their rivals by making the pair of untethered licenses. It stays to be seen which 2 books will make these slots, but the language around the tally procedure would appear to prefer the 2 nationwide market leaders.

Polling previously in the year revealed the "yes" vote with a minor lead. Support efforts were reinforced by tens of millions spent by DraftKings and FanDuel.

A series of tv and radio advertisements concentrated on the profits legal sportsbooks would generate for Missouri public education. Opponents, funded mostly by Caesars, argued the supporters' advertisements were misleading and the tens of millions of forecasted dollars raised would have a minimal impact in a state that currently spends billions on education each year.