Missouri Sports Betting Ballot Measure Approved By Voters
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작성자 Kristen 작성일 25-01-07 13:42 조회 12 댓글 0본문
Missouri voters approved legal mobile and retail sports betting wagering, allowing controlled books to take bets next year.
The sports betting ballot procedure passed by a slim bulk early Wednesday morning after more than 2.9 million votes were counted.
Seven of the 8 states bordering Missouri allow 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 approve sports betting this year.
" Missouri has a few of the finest sports betting fans on the planet and they showed up big for their favorite teams on Election Day," Bill DeWitt III, president of the St. Louis Cardinals, said in a statement. "On behalf of all six of Missouri's professional sports betting franchises, we wish to thank the Missouri voters who made their voices heard by authorizing Amendment 2. This historical vote makes Missouri the 39th state to legislate sports betting wagering and guarantees we no longer lose valuable tax income to our neighboring states. Most significantly, the passage of Amendment 2 indicates a brand-new, dedicated, long-term financing stream for Missouri classrooms."
Missouri sports betting wagering next actions
Voter approval suggests as much as 14 mobile sportsbooks might start accepting bets next year. It is unlikely all 14 offered licenses are utilized.
DraftKings and FanDuel financed almost every dollar of the "yes" campaign and will unquestionably use to take bets in the Show Me State. They will likely each pursue the two "untethered" licenses available without having to partner with a casino or sports betting team (and pay an accompanying fee).
Six licenses are offered to each Missouri casino operator, respectively. Caesars, despite opposing the ballot measure, will likely use its license to release the Caesars mobile sportsbook. Penn Entertainment, which handles ESPN Bet, and Bally's (Bally Bet) will likewise likely release their respective books.
The other 3 operators are Boyd Gaming, Century Casino, and Affinity Interactive. It remains unclear if they will release mobile sportsbooks.
The remaining six licenses are booked for each of the major 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 among the most popular supporters of the ballot measure.
Together with DraftKings, FanDuel and Caesars, Missouri wagerers must anticipate other leading nationwide brands including BetMGM, bet365, BetRivers and Fanatics to seek market gain access to.
Launch likelihood tiers IF Missouri citizens approve sports betting wagering:
Guarantees: FanDuel, DraftKings
Locks: BetMGM, Bally Bet
Likely: Fanatics, bet365, ESPN BET
Are Already Reside In Illinois, So Yeah(?): BetRivers, Acid Rock, Circa
Opposed Referendum But Still Might: Caesars
Missouri's ballot measure permits every Missouri gambling establishment to open retail sportsbooks on their respective homes. Most if not all 13 casinos handled by the 6 gambling establishment operators are expected to open in-person wagering choices such as sports betting kiosks and possibly committed, full-service sportsbooks.
The 6 sports betting teams can likewise open in-person sportsbooks within or nearby 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 tally measure needs the first certified sportsbooks to begin 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 rewarding time of the sports betting calendar.
Missouri sports betting background
The successful Missouri sports betting campaign comes despite millions in financing opposing the measure from one of the state's biggest gambling stakeholders.
Caesars invested countless dollars to beat the measure. In many other states that connect online sports betting wagering with a state's brick-and-mortar casinos, an operator is granted a minimum of one license per handled residential or commercial property.
Because situation in Missouri, Caesars would be paid for a minimum of 3 prospective 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 frequently, subcontract the license to a rival that pays an accompanying charge in exchange.
FanDuel and DraftKings, which have approximately two-thirds of U.S. nationwide sports betting deal with 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 earn these slots, but the language around the tally step would seem to favor the two nationwide market leaders.
Polling earlier in the year revealed the "yes" vote with a slight lead. Support efforts were boosted by tens of millions spent by DraftKings and FanDuel.
A series of television and radio ads focused on the earnings legal sportsbooks would produce for Missouri public education. Opponents, funded mostly by Caesars, argued the fans' ads were deceptive and the 10s of countless predicted dollars raised would have a negligible impact in a state that already invests billions on education each year.
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