Voters Narrowly Approve Sports Betting Legalisation
Missouri is set to join the growing list of states offering legalised sports betting following the razor-thin passage of a ballot measure with 50.05% voter approval. Certified by state election officials last Thursday, this marks a significant milestone for sports enthusiasts and industry stakeholders. While the constitutional amendment takes immediate effect, betting services are not expected to launch until late spring or early summer of 2025.
Record-Breaking Campaigns Drive Approval
The campaign supporting legal sports betting shattered Missouri’s previous fundraising records, amassing $43 million. Leading contributors included DraftKings and FanDuel, who dominated with substantial funding, alongside $2 million in support from Missouri’s professional sports teams, including the St. Louis Cardinals, Kansas City Chiefs, and St. Louis City soccer team.
St. Louis Cardinals President Bill DeWitt III highlighted the initiative’s benefits, stating, “Joining the 38 other states that already allow sports betting will enable us to engage more deeply with fans while keeping tens of millions in Missouri for educational and community benefits.”
Opposition, funded mainly by Caesars Entertainment, raised $14 million but failed to prevent the measure’s passage. Caesars, which operates three of Missouri’s 13 casinos, expressed disappointment but has not indicated plans to challenge the results.
Framework for Implementation
Missouri’s constitutional amendment permits sports betting at the state’s casinos and through its professional sports teams. Teams will have exclusive control over betting and advertising within 400 yards of their facilities. Additionally, two mobile operators will receive direct licensing from the Missouri Gaming Commission.
Regulators are tasked with drafting rules, processing licenses, and setting oversight mechanisms to ensure a smooth rollout. The Missouri Gaming Commission expects the industry to be operational well before the constitutional deadline of December 1, 2025.
Tax Revenues and Problem Gambling Initiatives
The approved measure imposes a 10% tax on sports betting revenue, significantly below the national average of 19%. A minimum of $5 million annually will fund programs addressing problem gambling, while the remainder will be allocated to education.
National Context and Future Prospects
Missouri’s entry into sports betting follows a nationwide trend, as 38 states and Washington, D.C., have already legalised the practice since the U.S. Supreme Court overturned a federal ban in 2018. However, major markets like California and Texas remain untapped, with California voters rejecting sports betting proposals in 2022 after an unprecedented $450 million campaign battle between interest groups.
Missouri’s move is expected to generate significant revenue and enhance fan engagement across its professional sports landscape. As the countdown begins for its 2025 rollout, residents can look forward to joining the national sports betting boom.
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