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Missouri Sports Betting Ballot Measure Approved By Voters

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작성자 Esther
댓글 0건 조회 4회 작성일 24-12-31 08:38

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

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

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Seven of the eight states bordering Missouri permit mobile or retail sportsbooks. That includes Kansas and Illinois, which split 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 wagering. It is the only state to authorize sports betting wagering this year.


" Missouri has some of the best sports betting fans worldwide and they appeared 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 6 of Missouri's professional 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 and ensures we no longer lose important tax profits to our neighboring states. Most notably, the passage of Amendment 2 means a new, devoted, permanent financing stream for Missouri class."

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Missouri sports betting wagering next steps


Voter approval indicates approximately 14 mobile sportsbooks could begin 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 undoubtedly 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 charge).


Six licenses are readily available to each Missouri casino operator, respectively. Caesars, despite opposing the tally measure, will likely utilize 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 stays uncertain if they will launch mobile sportsbooks.

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The staying six licenses are scheduled for each of the major professional 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 City Current. The sports betting companies were amongst the most prominent proponents of the ballot procedure.


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


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 ballot measure permits every Missouri gambling establishment to open retail sportsbooks on their particular properties. Most if not all 13 casinos handled by the six gambling establishment operators are expected to open in-person wagering options such as wagering kiosks and possibly dedicated, full-service sportsbooks.


The six sports betting groups can also open in-person sportsbooks within or adjacent to their respective home playing locations. Missouri will join Illinois, Maryland, Arizona, Connecticut, and Washington, D.C. amongst jurisdictions that enable in-stadium retail sportsbooks.


The language around the ballot measure needs the very 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, perennially books' most profitable time of the sports betting calendar.


Missouri sports betting wagering background


The effective Missouri sports betting wagering campaign comes despite millions in funding opposing the measure from among the state's largest gambling stakeholders.


Caesars invested millions of dollars to beat the measure. In the majority of 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 managed residential or commercial property.


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


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

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Polling previously in the year showed the "yes" vote with a slight lead. Support efforts were strengthened by tens of millions invested by DraftKings and FanDuel.


A series of television and radio advertisements focused on the earnings legal sportsbooks would produce for Missouri public education. Opponents, moneyed mostly by Caesars, argued the fans' advertisements were deceptive and the tens of countless projected dollars raised would have a negligible effect in a state that already spends billions on education yearly.

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