What’s going on with sports betting in Missouri?

What’s going on with sports betting in Missouri?

Posted on February 10, 2025 by in Gambling
What's going on with sports betting in Missouri?
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Missouri sports betting is finally on the horizon, and the excitement is palpable. After years of legislative debates and public campaigns, voters approved Amendment in November 2024, paving the way for legal sports wagering in the Show-Me State. With a launch expected by December 1, 2025, Missouri is set to become the 39th state to legalize sports betting. But what exactly is happening behind the scenes, and what can residents expect? Let’s dive into the details.

The Road to Legalization

Missouri’s journey to legal sports betting has been a long and winding one. Amendment 2, which narrowly passed with just 50.1% of the vote, marked a turning point. The amendment allows the Missouri Gaming Commission (MGC) to regulate sports betting, including online platforms, retail locations, and partnerships with professional sports teams.

The campaign, led by the group “Winning for Missouri Education,” received significant financial backing from industry giants like DraftKings and FanDuel, who collectively contributed millions to the cause. The amendment’s passage was a hard-fought victory, with opponents spending over $14 million to block it.

When Will Sports Betting Launch in Missouri?

The official deadline for the launch of sports betting in Missouri is December 1, 2025. However, regulators and industry insiders are optimistic that the market could go live much sooner, potentially by mid-to-late summer 2025.

The Missouri Gaming Commission is currently finalizing regulations, licensing processes, and infrastructure requirements. Chair Jan Zimmerman has emphasized the importance of a simultaneous launch for all operators to ensure a fair and competitive market.

What Sportsbooks Will Be Available?

Missouri’s sports betting market is expected to be highly competitive, with up to 21 online licenses and 19 retail sportsbooks available. Major operators like FanDuel, DraftKings, BetMGM, and Caesars Sportsbook are likely to dominate the scene, thanks to their existing partnerships with Missouri casinos and professional sports teams.

Here’s a quick look at some of the top contenders:

  • FanDuel: Partnered with Boyd Gaming and the St. Louis Cardinals, FanDuel is poised for a strong entry.
  • DraftKings: With ties to PENN Entertainment and two professional teams, DraftKings is another key player.
  • ESPN BET: Backed by PENN Entertainment, which operates two Missouri casinos, ESPN BET is expected to launch in the state.
  • Caesars Sportsbook: Despite initial opposition to the amendment, Caesars owns multiple casinos in Missouri and is likely to secure a license.

Additionally, Missouri’s six major professional sports teams—including the Kansas City Chiefs, St. Louis Cardinals, and St. Louis Blues—will have the opportunity to offer branded sports betting platforms and retail locations near their stadiums.

How Will Sports Betting Work in Missouri?

Missouri’s sports betting framework will include both online and retail options. Residents aged 21 and older will be able to place bets through mobile apps or at physical locations, such as casinos and stadiums.

The state has set a 10% tax rate on sports betting revenue, with the first 5 million allocated to compulsive gambling fund and the remainder supporting K 12 and higher education. License fees are set at 5 million allocated to compulsive gambling fund and the remainder supporting K−12 and higher education. License fees are set at 250,000 for retail sportsbooks and $500,000 for online operators, with renewals required every five years.

What Can You Bet On?

Once launched, Missouri sportsbooks will offer a wide range of betting options, including:

  • Professional Sports: NFL, MLB, NBA, NHL, and more.
  • College Sports: Betting on in-state college teams will be allowed, adding to the excitement for fans of the University of Missouri Tigers.
  • Special Events: From the Super Bowl to March Madness, Missouri bettors will have access to major sporting events.

The Economic Impact of Sports Betting in Missouri

Legal sports betting is expected to generate significant revenue for the state. Supporters estimate that the industry could contribute over $100 million to Missouri’s education system in the first five years. Additionally, the market is projected to create hundreds of jobs, from sportsbook managers to marketing professionals.

Missouri’s low tax rate and inclusive licensing framework are designed to attract top operators while fostering competition and innovation. This approach could make the state a model for other jurisdictions considering sports betting legalization.

What’s Next for Missouri Sports Betting?

As the Missouri Gaming Commission works to finalize regulations and issue licenses, residents can look forward to a dynamic and engaging sports betting market. The potential for a summer 2025 launch means that fans could be placing bets in time for the NFL season, adding another layer of excitement to game day.

For now, Missourians can stay updated on the latest developments through trusted sources like Bet Missouri.com and Sports Handle, which provide regular updates on the state’s progress.

Conclusion

Missouri’s sports betting journey is a testament to the power of persistence and collaboration. With a launch on the horizon, the Show-Me State is poised to join the ranks of leading sports betting markets in the U.S. Whether you’re a seasoned bettor or a curious newcomer, the future of sports betting in Missouri promises to be an exciting ride.

Stay tuned for more updates as we count down to the big launch!

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