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In the November election, Missouri voters narrowly supported legalizing sports betting, with 50.05% of them voting in favor of the ballot item. By allowing sports betting activities to start by December 2025, this decision is a major step for the state.
With DraftKings and FanDuel investing $43 million to the campaign, the bill received unprecedented financial support. In support of the campaign, Missouri’s professional sports teams, including the St. Louis Cardinals, contributed an additional $2 million.
“Joining the 38 other states that already allow sports betting will allow us to further engage with our fans, while keeping tens of millions in Missouri for the benefit of our classrooms and communities,” said Bill DeWitt III, President of the St. Louis Cardinals, in a statement.
In contrast, opposition came from Caesars Entertainment, which funded a $14 million campaign against the measure. Despite the close margin, Missourians Against the Deceptive Online Gambling Amendment has confirmed it will not request a recount.
Under the approved amendment, Missouri’s 13 casinos and professional sports teams can offer both on-site and mobile sports betting. Teams will control betting and advertising within a 400-yard radius of their stadiums and arenas. Additionally, the Missouri Gaming Commission will license two mobile operators directly.
Revenue from sports betting will be subject to a 10% tax, which is far less than the national average of 19% that sportsbooks pay. Programs for problem gamblers will get at least $5 million a year from taxes and license fees; the remaining funds will be used to promote primary, secondary, and postsecondary education activities.
Since the Supreme Court struck down federal limitations on sports betting in 2018, Missouri has joined 38 other states and Washington, DC, in legalizing the activity. It is anticipated that the state’s sports betting industry would bring in a sizable sum of money while retaining more of it in Missouri’s economy.