Key Milestones for Missouri Sports Betting

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With Amendment 2’s passage, Missouri joins the ranks of states embracing sports betting. Here are some critical details regarding the rollout:

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• - Launch Timeline: The Missouri Gaming Commission (MGC) has until December 1, 2025, to establish a regulatory framework. Based on other states' timelines, sports betting in Missouri could go live by the 2025 football season.
• - Licensing Capacity: Up to 22 digital licenses may be issued, allowing for a mix of casino-affiliated and independent operators.
• - Missouri Sports Teams' Role: The state’s professional teams can establish retail sportsbooks near stadiums, offering both in-person and online options.

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Licensing and Sportsbook Operations

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Missouri’s 13 casinos and seven professional sports teams are eligible for sports betting licenses. Additionally, two standalone licenses may be available for independent sportsbooks, creating a competitive landscape for operators with or without local affiliations.

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Expected Tax Revenue and Financial Impact

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The Missouri Gaming Commission is considering a 10% tax rate on sports betting revenue. Projections indicate this could bring in up to $29.8 million annually in tax revenue, supporting state programs and boosting the local economy. The MGC is still in the process of finalizing details regarding taxation and license fees.

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Missouri Voters Reject New Casino Proposal

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While sports betting won approval, Amendment 5, which would have allowed a new casino near the Lake of the Ozarks, was not as fortunate. Voters rejected this measure, marking only the third instance since 1980 where a Missouri casino expansion has been declined.

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A Look at Previous Legalization Efforts

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Efforts to legalize sports betting in Missouri have a long history, with HB 2502 in 2022 being a notable attempt. The bill passed the House but failed in the Senate due to limited support. Under HB 2502, riverboat casinos could have collaborated with sports betting companies to establish retail sportsbooks and launch mobile betting platforms, but the effort stalled.

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What’s Next for Missouri Sports Betting?

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Now that Missouri has voter approval, the next steps will involve building a regulatory infrastructure. The MGC will oversee the application process, issue licenses, and ensure operators adhere to state guidelines. If all goes smoothly, Missouri bettors could be placing their first wagers in time for the 2025 NFL season, potentially marking a new chapter for gaming in the state.