Missouri sports activities betting is nearing its launch, and the state’s regulator has closed the applying interval for firms looking for licenses.
The deadline for functions was September 12, and no less than 9 firms have been confirmed to enter the market.
Sports activities betting in Missouri is because of launch at the beginning of December this yr. Residents narrowly voted in favor of legalization in November final yr. Below the brand new laws, bettors can wager on esports along with different main sporting occasions.
Two untethered licenses have already been confirmed as going to DraftKings and Circa Sports activities. The latter was a shock selection with the Missouri Gaming Fee (MGC) deciding on Circa over FanDuel.
Missouri has once more edged nearer to the launch of official sports activities wagering. Picture Credit score: SpaceX / Unsplash
Sportsbooks Affirm Licenses
FanDuel shortly moved to make a cope with Main League Soccer staff St. Louis Metropolis after failing to safe an unbiased license. Untethered licenses price twice as a lot as tethered ones, however operators profit from not having to share income with companions.
The businesses which have secured licenses are as follows:
DraftKings (untethered)
Circa Sports activities (untethered)
FanDuel (partnership with St. Louis Metropolis)
Bet365 (partnership with St. Louis Cardinals)
BetMGM (partnership with Century Casinos)
Fanatics (partnership with Boyd Gaming)
Caesars (by way of its Missouri casinos)
PENN (by way of its Missouri casinos)
Underdog (unconfirmed partnership)
Corporations had the selection to use for an untethered license or associate up with one of many state’s sports activities groups or casinos. No firm has but confirmed a cope with the Kansas Metropolis Chiefs, Kansas Metropolis Royals, or the St. Louis Blues.
BetRivers confirmed it won’t be launching within the state for now, with mum or dad group Rush Avenue Interactive having no land-based casinos in Missouri.
A whole lot of Corporations Apply For Licenses
In whole, the state’s new sports activities betting legal guidelines permit 19 retail sports activities betting licenses and as much as 14 on-line sports activities betting licenses.
Though the applying interval has formally ended, the MGC mentioned it is going to settle for any post-dated functions.
The Fee’s chair, Jan Zimmerman, mentioned it has obtained round 800 functions and counting. He added, “This quantity is growing each hour, and an replace will likely be accessible later within the week”.
The MGC will overview functions and listen to from candidates at two scheduled conferences on September 23 and 24. The regulator will then concern the remaining licenses on the finish of October.
This offers firms simply over a month to arrange for the December 1 launch. In anticipation of sports activities betting changing into authorized, Google has already began to permit playing advertisements in Missouri.
Charging a tax fee of 10% on income, the state expects authorized sports activities betting to generate round $30 million for the state in its first yr.
