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

The sports betting wagering tally procedure passed by a slim bulk early Wednesday early morning after more than 2.9 million votes were counted.

Seven of the 8 states surrounding Missouri permit mobile or retail sportsbooks. That consists of Kansas and Illinois, which split the Kansas City and St. Louis city locations with Missouri, respectively.
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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 approve sports betting this year.

" Missouri has some of the finest sports betting fans on the planet and they revealed up big 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 desire to thank the Missouri citizens who made their voices heard by approving Amendment 2. This historical vote makes Missouri the 39th state to legalize sports betting wagering and guarantees we no longer lose important tax profits to our neighboring states. Most importantly, the passage of Amendment 2 indicates a brand-new, devoted, long-term funding stream for Missouri class."

Missouri sports betting next steps
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Voter approval implies approximately 14 mobile sportsbooks could start accepting bets next year. It is unlikely all 14 readily available licenses are utilized.
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DraftKings and FanDuel financed nearly 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 group (and pay an accompanying fee).
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Six licenses are readily available to each Missouri casino operator, respectively. Caesars, despite opposing the ballot procedure, will likely utilize its license to introduce the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will likewise likely their particular books.

The other three operators are Boyd Gaming, Century Casino, and Affinity Interactive. It stays unclear if they will introduce mobile sportsbooks.

The staying six licenses are booked 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 organizations were amongst the most popular proponents of the tally step.

Together with DraftKings, FanDuel and Caesars, Missouri wagerers must anticipate other leading nationwide brands including BetMGM, bet365, BetRivers and Fanatics to seek market access.

Launch probability tiers IF Missouri voters approve sports betting:
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Guarantees: FanDuel, DraftKings Locks: BetMGM, Bally Bet Highly likely: Fanatics, bet365, ESPN BET Are Already Live In Illinois, So Yeah(?): BetRivers, Hard Rock, Circa Opposed Referendum But Still Might: Caesars
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Missouri's tally measure allows every Missouri gambling establishment to open retail sportsbooks on their particular properties. Most if not all 13 gambling establishments managed by the 6 gambling establishment operators are anticipated to open in-person sports betting options such as wagering kiosks and potentially committed, full-service sportsbooks.

The 6 sports betting groups can also open in-person sportsbooks within or nearby to their particular home playing venues. Missouri will sign up with Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that permit in-stadium retail sportsbooks.

The language around the ballot measure requires the 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 successful Missouri sports betting campaign comes in spite of millions in funding opposing the step from one of the state's biggest gambling stakeholders.

Caesars spent countless dollars to beat the procedure. In a lot of 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 managed home.
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In that scenario in Missouri, Caesars would be afforded at least 3 possible licenses, one for each casino it handles. Instead, Caesars only has one. In states with the license-per-property design, companies can either open extra in-house books or, more frequently, farm out the license to a competitor that pays an accompanying fee in exchange.

FanDuel and DraftKings, which have approximately two-thirds of U.S. nationwide sports betting wagering manage market share, might possibly have an upper hand on their competitors by earning the pair of untethered licenses. It stays to be seen which 2 books will make these slots, but the language around the tally measure would seem to favor the 2 national market leaders.

Polling earlier in the year revealed the "yes" vote with a minor 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 produce for Missouri public education. Opponents, moneyed largely by Caesars, argued the supporters' advertisements were deceptive and the 10s of countless projected dollars raised would have a negligible effect in a state that currently spends billions on education yearly.