Missouri Online Sports Betting | Latest Legal Updates 2024
Missouri has been on the cusp of efforts to legalize sports betting for several years but positive news in November 2024 has pushed it to the forefront.
The passage of Amendment 2 means that sports betting both in-person and online is anticipated to be legal in Missouri by December 1, 2025.
We’re going to explore the current legislative landscape, potential sports betting apps that could launch, and alternative options available to Missourians in the meantime.
Missouri Online Sports Betting Legislation
Legalizing sports betting in Missouri has been a complex journey.
After years of legislative struggle and public debate, voters narrowly approved the measure to legalize online sports betting. This marked a significant milestone and will allow bets to be eventually be placed.
Amendment 2 not only legalizes sports wagering but also includes provisions for online apps and casinos. The initiative reached the ballot after several legislative efforts stalled. This is in large part because of the persistence of advocates for legalized sports betting.
A unique aspect of Amendment 2 is its provision for professional sports teams. Each of Missouri’s six major professional sports teams, including the Kansas City Chiefs and the St. Louis Cardinals, can establish retail sports betting facilities near their stadiums.
The narrow approval margin, with 50.1% in favor, highlights the contentious nature of this issue as is often the case in states with legal sports betting. Nevertheless, this amendment marks the beginning of a new era for sports betting in Missouri.
Expected Launch of Online Sports Betting in Missouri
As of November 2024, Missouri voters have approved the Missouri sports betting amendment. This significant step forward means that sports betting could become operational in Missouri by December 1, 2025.
The amendment permits both in-person betting at casinos and online betting through mobile apps.
The journey to legalization has been a long one, with several legislative attempts stalling in previous years. However, the successful ballot measure now provides a clear path forward for the Missouri Gaming Commission to regulate and oversee sports betting activities.
Potential Sportsbook Apps
Once sports betting is legalized, several major sportsbook operators are likely to enter the Missouri market. Potential apps that could launch include:
- DraftKings: Known for its high quality interface and extensive sports coverage, DraftKings is a leading contender for launching in Missouri. The platform offers a wide range of betting options, including live betting, parlays, and futures.
- FanDuel: Another major player in the sports betting industry, FanDuel offers competitive odds and a variety of betting options. The app is renowned for its innovative features, such as same-game parlays and cash-out options.
- BetMGM: With its strong brand presence and comprehensive betting platform, BetMGM could also be a frontrunner in Missouri. The app provides a seamless integration of sports betting and casino games.
- Caesars Sportsbook: Leveraging its casino brand, Caesars is top notch for online and in-person betting. The app is known for its generous promotions and loyalty program.
These operators are likely to offer sports betting promotions and bonuses to attract new users once they launch in Missouri. Bettors can expect to see offers such as deposit matches and bet/get deals.
Licensing and Regulations for Missouri Online Sports Betting
The Missouri Gaming Commission regulates and licenses online sports gambling and sports betting platforms.
Following Amendment 2’s approval to legalize sports wagering, the commission will establish operational guidelines and ensure compliance with state regulations.The deceptive online gambling amendment will also play a role in shaping future regulations to regulate licensed sports wagering.
Obtaining a license to operate an online sports betting platform in Missouri will require meeting particular requirements set by the Missouri Gaming Commission. The commission can grant licenses to online platforms, casinos, and professional sports teams.
Missouri may allow up to 21 online sports betting licenses, though not all might be utilized. This cap is aimed to provide a controlled and competitive market. Additionally, every professional sports team in the state can operate a mobile and retail sports betting location and retail sportsbook.
Missouri residents can expect a well-regulated sports betting market.
Eligibility and Participation
To participate in sports betting in Missouri, individuals must meet specific eligibility criteria set by the Missouri Gaming Commission. First and foremost, only adults aged 21 years or older are permitted to place sports bets within the state.
Additionally, bettors must be physically located within Missouri’s borders to place a wager. This geographic restriction is enforced through geolocation technology.
By adhering to these eligibility requirements, Missouri aims to create a safe and regulated sports betting market that benefits both bettors and the state.
Sports Wagering Options in Missouri
Missouri bettors will have the opportunity to place wagers on a wide range of professional sports. These include popular leagues such as the NBA, NFL, MLB, and NHL.
In addition to the different sports available, bettors will also have access to various types of bets. These include traditional options like point spreads, moneylines, and over/under totals.
However, it’s important to note that there are certain restrictions on sports wagering in Missouri. For instance, bettors will not be able to place wagers on high school sports or other amateur events.
Responsible Gaming in Missouri
The Missouri Gaming Commission is committed to promoting responsible gaming. To achieve this, the commission has implemented a variety of measures designed to encourage safe and responsible betting practices.
One of the key initiatives is the self-exclusion program, which lets users voluntarily exclude themselves from sports wagering for a particular period. This program provides individuals with the option to take a break from betting if they feel it is necessary for their well-being.
Additionally, the Missouri Gaming Commission has established deposit limits, enabling bettors to set limits on the amount of money they can deposit into their betting accounts. This helps prevent excessive betting and promotes financial responsibility. Time limits are also available, allowing bettors to control the amount of time they spend on betting activities.
To further support responsible gaming, the commission offers reality checks, which provide regular reminders of a bettor’s activity. These reminders help individuals stay aware of their betting habits and make informed decisions.
The Missouri Gaming Commission has also set up a problem gaming hotline and website, offering resources and support for individuals who may be struggling with problem gaming. These services provide valuable assistance and guidance to those in need.
Licensed sportsbooks in Missouri are required to implement responsible gaming measures as well. This includes providing clear and transparent information about betting odds and risks. Also they’ll need to offer tools to help bettors manage their betting activity.
Taxation and Revenue Allocation
The financial implications of legalized sports betting in Missouri are significant.
Missouri has proposed a 10% tax rate on sports betting revenue, below the national average. This competitive rate ensures the state benefits from the new revenue stream. $5 million will go to the state’s Compulsive Gambling Prevention Fund.
Additionally, the rest of the remaining revenue will be directed towards public schools and higher education.
Alternatives to Online Sports Betting
While online sports betting is set to become a major attraction in Missouri, several alternatives already exist. Daily Fantasy Sports (DFS) and social sportsbooks offer options for fans to test their skills and knowledge without traditional betting.
Daily Fantasy Sports in Missouri
Daily Fantasy Sports (DFS) have been popular in Missouri long before traditional sports betting was legalized.
Platforms like DraftKings, FanDuel, and Underdog Fantasy are well-established, offering a variety of contests and prize structures. These platforms allow players to draft fantasy teams and compete based on real-life athletes’ performance.
Even once legalized sports betting is active, DFS will continue to be a popular alternative, offering a different kind of challenge for users.
Social Sportsbooks
Social sportsbooks offer a unique and engaging alternative to traditional sports betting. Platforms like Fliff are free-to-play, letting users can wager on sports using virtual currency without the financial risk of real money bets.
Fliff allows players to enter sweepstakes using Fliff Coins, which can lead to real cash prizes. Players can accumulate these coins through platform activities, increasing their chances of winning.
The appeal of social sportsbooks lies in combining the excitement of sports wagering with a social media-like experience. Users can interact, share bets, and compete in a community-driven environment.
Social sportsbooks will remain a popular and fun alternative for users even after sports betting becomes legal in Missouri.
Quick Facts About Missouri Online Sports Betting
Here are some key facts to quickly grasp the essentials of Missouri’s online sports betting landscape:
- Online sports betting became legal in Missouri after the passage of Amendment 2. The anticipated launch date for online sports betting is December 1, 2025.
- The Missouri Gaming Commission regulates and licenses online sports betting operators. Major operators like DraftKings and FanDuel are expected to enter the Missouri market.
- The state will impose a tax on online sports betting revenues, with funds allocated to education and problem gambling programs.
- Professional sports teams like the Kansas City Royals and Kansas City Chiefs will be vying for mobile sportsbook operating licenses. Professional teams can establish retail sports betting facilities near their stadiums.
Missouri Sports Betting: A Promising Future
The approval of Amendment 2 has paved the way for the Missouri sports betting market. The Missouri Gaming Commission played a pivotal role in the process. The expected launch is slated for December 1, 2025.
With plenty of professional teams, Missouri is poised to be an active state for sports betting.
Missouri Online Sports Betting FAQs
Here are some frequently asked questions and answers about sports betting legalization in Missouri.
When will online sports betting be available in Missouri?
Online sports betting in Missouri is anticipated to launch by December 1, 2025.
Who will regulate online sports betting in Missouri?
The Missouri Gaming Commission will oversee and license online sports betting operators in the state. This regulatory body ensures compliance and fair play within the industry.
What are the alternatives to online sports betting in Missouri?
Alternatives to online sports betting in Missouri include Daily Fantasy Sports and social sportsbooks. These options don’t involve conventional betting methods.
How will the revenue from sports betting be used?
Of the revenue from sports betting, $5 million will go to the state’s Compulsive Gambling Prevention Fund. The rest of the remaining revenue will go towards public schools and higher education.
What payment methods will be available for online sports betting?
Online sports betting will typically accept payment methods such as credit cards, bank transfers, and e-wallets. These options provide a convenient way to manage your betting transactions securely.