Missouri Approves Sports Betting, Rejects Casino Proposal

In a significant turn of events, Missouri voters have narrowly approved an amendment that legalizes sports betting in the state, while simultaneously rejecting a proposal for a new casino license at Lake of the Ozarks.

As of early Wednesday morning, with only one precinct left to report, 50.23% of voters were in favor of this amendment, representing a margin of just over 13,000 votes. This result positions Missouri to become the only state this year to legalize sports wagering, marking a pivotal moment for gaming in the region.

However, given the slim margin of victory, a recount may be requested, although in Missouri, recounts are not automatic.

Support and Backing

The sports betting amendment, known as Amendment 2, received strong support from various stakeholders, including the state’s professional sports teams and major casino operators like DraftKings and FanDuel. Frustration grew among these groups as the legislature failed to act in prior sessions.

DraftKings and FanDuel invested nearly $41 million in a campaign promoting the ballot, entitled “Winning for Missouri Education,” while Caesars Entertainment notably spent $14 million to oppose the initiative, fearing that online gaming platforms could bypass collaboration with local casinos.

Sportsbook Details

If implemented, Amendment 2 will allow each of Missouri’s 13 licensed casinos to offer retail sports betting both on-site and online. Additionally, the state’s major professional sports teams can provide wagering options close to their stadiums, as well as through mobile applications.

Casino Proposal Declined

On the flip side, the proposal for a new casino at Lake of the Ozarks, known as Amendment 5, faced overwhelming rejection. This amendment aimed to change the state constitution to permit casino establishments on or near artificial bodies of water, which is currently restricted to sites along rivers.

The measure had backing from Bally’s Corp and the Osage River Gaming and Convention Committee, who have long championed for development in this popular tourist area. Conversely, the Osage Nation, seeking to establish its own casino in the region, applauded the defeat of the amendment.

Conclusion

The approval of sports betting represents a watershed moment for Missouri’s gambling landscape, reflecting shifting trends in public opinion towards legalization. Conversely, the rejected Lake of the Ozarks casino proposal indicates continuing challenges for expanding gambling options in the state.