bet9ja.com
Missouri voters authorized legal mobile and retail sports betting, allowing regulated 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 surrounding Missouri permit mobile or retail sportsbooks. That includes 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 sports betting. It is the only state to authorize sports betting this year.
" Missouri has some of the finest sports betting fans on the planet and they revealed up big for their favorite groups on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, said in a declaration. "On behalf of all 6 of Missouri's expert sports betting franchises, we wish to thank the Missouri voters who made their voices heard by approving Amendment 2. This historical vote makes Missouri the 39th state to legislate sports betting wagering and ensures we no longer lose valuable tax earnings to our surrounding states. Most notably, the passage of Amendment 2 suggests a new, dedicated, permanent funding stream for Missouri class."
Missouri sports betting wagering next actions
Voter approval indicates up to 14 mobile sportsbooks could start accepting bets next year. It is not likely all 14 offered licenses are utilized.
DraftKings and FanDuel financed almost every dollar of the "yes" campaign and will unquestionably apply to take bets in the Show Me State. They will likely each pursue the 2 "untethered" licenses readily available without needing to partner with a Missouri brick-and-mortar gambling establishment or sports betting team (and pay an accompanying charge).
Six licenses are available to each Missouri gambling establishment operator, respectively. Caesars, regardless of opposing the ballot step, will likely utilize its license to release 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 stays unclear if they will launch mobile sportsbooks.
The remaining 6 licenses are booked for each of the significant professional 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 organizations were amongst the most prominent proponents of the ballot procedure.
Along with DraftKings, FanDuel and Caesars, Missouri wagerers should anticipate other prominent national brand names including BetMGM, bet365, BetRivers and Fanatics to seek market access.
bit.ly
Launch possibility tiers IF Missouri citizens approve sports betting:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Likely: Fanatics, bet365, ESPN BET
Are Already Reside In Illinois, So Yeah(?): BetRivers, Hard Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's tally procedure enables every Missouri casino to open retail sportsbooks on their particular properties. Most if not all 13 gambling establishments handled by the six casino operators are anticipated to open in-person wagering alternatives such as sports betting kiosks and possibly dedicated, full-service sportsbooks.
The 6 sports betting groups can also open in-person sportsbooks within or adjacent to their respective home playing locations. 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 needs the first licensed sportsbooks to start accepting wagers by Dec. 1, 2025. 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 background
bet9ja.com
The successful Missouri sports betting wagering project comes regardless of millions in funding opposing the measure from one of the state's biggest sports betting stakeholders.
Caesars invested millions of dollars to defeat the procedure. In most other states that connect online sports betting with a state's brick-and-mortar casinos, an operator is given a minimum of one license per handled home.
In that situation in Missouri, Caesars would be managed at least three possible licenses, one for each casino it handles. Instead, Caesars just has one. In states with the license-per-property model, companies can either open extra internal books or, more commonly, farm out the license to a rival that pays an accompanying cost in exchange.
FanDuel and DraftKings, which have roughly two-thirds of U.S. nationwide sports betting manage market share, could potentially have an upper hand on their rivals by earning the set of untethered licenses. It stays to be seen which 2 books will make these slots, however the language around the tally procedure would appear to favor the 2 nationwide market leaders.
bit.ly
Polling previously in the year revealed the "yes" vote with a minor lead. Support efforts were reinforced by 10s of millions invested by DraftKings and FanDuel.
A series of television and radio ads concentrated on the income legal sportsbooks would create for Missouri public education. Opponents, moneyed mainly by Caesars, argued the advocates' advertisements were misleading and the tens of millions of projected dollars raised would have a minimal impact in a state that already invests billions on education every year.
bit.ly
1
Missouri Sports Betting Ballot Measure Approved By Voters
nicolasparks14 edited this page 1 month ago