1 Missouri Sports Betting Ballot Measure Approved By Voters
noemiwyatt9730 edited this page 2024-12-31 01:46:32 -05:00

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Missouri voters authorized legal mobile and retail sports betting, permitting controlled books to take bets next year.
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The sports betting tally procedure passed by a slim majority early Wednesday early morning after more than 2.9 million votes were counted.

Seven of the eight states surrounding Missouri enable mobile or retail sportsbooks. That includes Kansas and Illinois, which divided the Kansas City and St. Louis metro locations 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 a few of the finest sports betting fans in the world and they showed up big for their favorite teams 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 desire to thank the Missouri voters who made their voices heard by approving Amendment 2. This historic vote makes Missouri the 39th state to legalize sports betting wagering and ensures we no longer lose important tax earnings to our surrounding states. Most significantly, the passage of Amendment 2 implies a brand-new, devoted, long-term funding stream for Missouri classrooms."

Missouri sports betting next actions

Voter approval suggests as much as 14 could begin accepting bets next year. It is unlikely all 14 readily available licenses are utilized.

DraftKings and FanDuel financed 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 offered without needing to partner with a Missouri brick-and-mortar casino or sports betting team (and pay an accompanying charge).
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Six licenses are offered to each Missouri gambling establishment operator, respectively. Caesars, in spite of opposing the tally step, will likely use its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will also likely introduce their particular books.

The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains uncertain if they will release mobile sportsbooks.

The remaining six licenses are booked for each of the major expert 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 among the most prominent supporters of the ballot measure.

In addition to DraftKings, FanDuel and Caesars, Missouri gamblers should expect other leading nationwide brand names including BetMGM, bet365, BetRivers and Fanatics to seek market access.

Launch possibility tiers IF Missouri citizens approve sports betting wagering:

Guarantees: FanDuel, DraftKings Locks: BetMGM, Bally Bet Highly likely: Fanatics, bet365, ESPN BET Are Already Reside In Illinois, So Yeah(?): BetRivers, Hard Rock, Circa Opposed Referendum But Still Might: Caesars
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Missouri's ballot procedure allows every Missouri casino to open retail sportsbooks on their respective residential or commercial properties. Most if not all 13 casinos handled by the 6 casino operators are anticipated to open in-person sports betting choices such as wagering kiosks and possibly dedicated, full-service sportsbooks.

The six sports betting groups can likewise open in-person sportsbooks within or surrounding to their particular home playing places. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. among jurisdictions that allow in-stadium retail sportsbooks.

The language around the ballot procedure 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, continually books' most lucrative time of the sports betting calendar.

Missouri sports betting wagering background

The effective Missouri sports betting campaign comes regardless of millions in funding opposing the step from one of the state's biggest sports betting stakeholders.
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Caesars invested millions of dollars to defeat the measure. In the majority of other states that connect online sports betting wagering with a state's brick-and-mortar casinos, an operator is given a minimum of one license per handled property.

Because circumstance in Missouri, Caesars would be afforded a minimum of 3 possible licenses, one for each casino it handles. Instead, Caesars just has one. In states with the license-per-property model, business can either open additional internal books or, more frequently, farm out the license to a rival that pays an accompanying fee in exchange.

FanDuel and DraftKings, which have roughly two-thirds of U.S. across the country sports betting handle market share, could possibly have an upper hand on their rivals by making 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 two nationwide market leaders.
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Polling earlier in the year revealed the "yes" vote with a minor lead. Support efforts were strengthened by 10s of millions spent by DraftKings and FanDuel.

A series of tv and radio advertisements focused on the revenue legal sportsbooks would generate for Missouri public education. Opponents, funded mainly by Caesars, argued the advocates' advertisements were misleading and the 10s of millions of predicted dollars raised would have a negligible effect in a state that already invests billions on education yearly.
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