Missouri Voters Approve Sports Betting by Narrow Margin

The passage of Amendment 2 makes Missouri the 39th state to legalize sports betting, opening new revenue streams for teams and education.

Missouri voters approved Amendment 2 with a slim margin of 50.1% to 49.9%, marking a significant win for the sports betting industry.
The measure allows bookmakers to generate over $500 million annually, benefiting professional sports teams like the St. Louis Cardinals through partnerships.
DraftKings and FanDuel spearheaded a $40 million campaign to support the amendment, emphasizing potential educational funding from a 10% tax on betting revenues.
Caesars Entertainment opposed the initiative, arguing that tax deductions for promotional costs could reduce state revenue from sports betting.
The Missouri Gaming Commission will now oversee the licensing and regulation process, with sports betting expected to launch by December 2025.