Missouri Sports Betting Projected Launch Date

Reviewed By Gary Garry

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Gary Patrick Garry started out in the sports gaming field working for a major sports service in Las Vegas over three decades ago. He has written for a number of different gambling sites over recent years, and he is a regular Gambling.com contributor.

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Last Updated: Feb 5^th, 2024

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Online sports betting is the key to revenue optimization. If you confine the activity to traditional brick-and-mortar sportsbooks in casinos, the handle will be limited. Some people would have to drive a significant distance, and it is inconvenient even if there is an accessible location.

When you can place wagers from home, work, or anywhere else you happen to be at any given time, you are going to make more bets. Mobile sports betting is available in most of the states that have legalized sports gaming.

Missouri lawmakers have pointed out the fact that many Missourians are going across the border to Illinois to make their bets. Online sports betting is legal there, and it is very lucrative. This is not lost on the legislators that are making the push for legalization.

Projected Launch Date for Missouri Online and Mobile Sportsbooks

It is difficult to pin down a legal Missouri sports betting launch date because we have incomplete information. An attorney representing the Missouri Sports Team Coalition has stated that they would like to see a legal sports betting bill passed by the end of the 2024 legislative session.

One of the stumbling blocks in the legislature involves the state lottery. Senator Denny Hoskins is a staunch advocate for the legalization of video lottery terminals (VLTs). He apparently feels as though legal sports betting in Missouri would subtract from the interest in playing video lottery terminals.

As you would imagine, the casino industry in Missouri adamantly opposes the VLTs, so there are a lot of competing interests. This is why it is taking so long to get enough legislators on the same page.

The 2024 legislative session begins on January 6, and it concludes on May 14. If a bill is approved that can be sent to the governor’s desk, we could see a summer of 2024 Missouri sports betting rollout.

How Missouri Legalized Sports Betting

Some people have heard that sports betting is legal in the United States because of the Supreme Court ruling. They assume it is legal in Missouri and every other state, but this is a misconception. The decision removed the federal prohibition, but the matter of legalization is decided by each respective state.

What's happening in Missouri Neighboring States?

While Missouri is still actively pushing to legalize sports betting, it's neighboring states all have their stories to tell regarding their own sports betting legalization. Let's have a look at what's happening in these states:

• Kentucky is welcoming sports betting in 2023 with Kentucky betting apps and online betting commencing on September 27 and retail betting preceding it to launch on September 7.  The industry will be overseen by the Kentucky Horse Racing Commission and there is anticipated annual revenue of $23 million. 
• Iowa launched their sports betting industry in 2019 with users obliged to register in person at a local casino before being able to use an online sportsbook. This regulation expired in 2021 and Iowa sports bettors can now sign up online or on their smartphone. This industry in Iowa is continuously growing and is expected to continue doing so in the upcoming years.
• Sports betting in Illinois is legal and is regulated by the Illinois Gaming Board. The industry has now found its feet after the initial in-person registration requirements and also the impact of the Covid-19 pandemic. A variety of betting options, promotions are features are available to the diverse needs of bettors in the state.
• Tennessee legalized sports betting in 2019 and started accepting the wagers in November 2020 after the Covid-19 crisis shutting down all sports activities. To the contrary of many other states, Tennessee bettors do not have the option to bet in a brick-and-mortar sportsbook but only using betting apps. Some big names are active in Tennessee and the industry is expected to grow in the coming years.
• In Arkansas, retail betting outlets have been accepting physical bets since 2019 but online sports betting is still not available. There are currently 3 casinos or racinos in Arkansas with their own retail sportsbook. This state is still waiting for developments in the sector to start accepting online sports bets. The Arkansas Racing Commission is the regulator in the Natural State.
• While Oklahoma has a rich history of tribal gaming, sports betting is still not legalized. There were several attempts to expand and start including sports betting but these efforts faced legal challenges.
• Kansas sports betting began September 1, 2022 after a regulatory period and now sees some of the big betting names active in the state. The Kansas Racing and Gaming Commission regulates the industry in the state and bettors have a variety of betting options and operators to go to for their sports betting.
• Online sports betting is not available in Nebraska, although there is one location where Nebraska bettors can head to to place their wagers. We need to wait for any other developments for online sports betting in Nebraska.

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Land Based Casinos Open for Sports Betting

All three of the sports betting bills that have been introduced call for 13 sportsbook licenses because there are 13 casinos in Missouri. When they finally legalize sports betting, there will be sportsbooks in each of these 13 casinos.

Table:

Missouri Sports Betting Legislation Timeline

Missouri Sports Betting Apps - When Will They Become Available?

As soon as legal online sports betting is launched, you will be able to place bets through mobile sports betting apps. They are offered by all of the operators for both android and iOS operating systems.

Which Sports Will Be Allowed/Not Allowed to Bet On?

You will be able to bet on all college and pro sports with one possible exception. In many of the states that have legalized sports betting, you cannot wager on in-state college teams. We do not know if the bill that is eventually passed in Missouri will include this stipulation.

Will Daily Fantasy Sports Betting and Horse Race Betting Be Allowed in Missouri?

On June 10, 2016, then-Governor Jay Nixon signed House Bill 1941 to legalize daily fantasy sports contests. This is a list of the operators that have been licensed by the Missouri Gaming Commission:

• FFPC
• Draft Kings
• FanDuel
• OwnersBox
• RealTime Fantasy Sports
• CDM Sports
• Underdog Sports
• Yahoo Fantasy Sports

Horse racing betting is legal under 313.660 of the Revised Statutes of Missouri, but only within the confines of a licensed racetrack. The only problem is the fact that there are no tracks in Missouri, and online sports betting platforms cannot accept MO residents.

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Will Bettors Need to Be Missouri Residents to Bet Online From the State?

The sports betting sites use geolocation software to pinpoint your location when you are signing up, and you must be in the state at the time. You also have to prove that you are a resident of the state to register online.

After you have successfully opened the account, you still have to be in the state when you make wagers. Now, let’s say that you are visiting Las Vegas for a week. You can sign up for a mobile betting account at a casino sportsbook and use it while you are in town.

If there is money left in the account when you are leaving, you have to withdraw it while you are still in Nevada. After you exit the state, you can no longer use the account until you return to Nevada. Other states use the same model, and Missouri will probably join them.

Will MO Sportsbooks be Offering Pre-Registration?

Pre-registration should be offered for the Missouri sports betting sites. As we have touched upon, we will monitor the situation and pass along the online sportsbook promo codes when pre-registration becomes available.

We can project the operators that will have presences in Missouri because of existing relationships. You can legally wager at 13 licensed casinos at the present time. Some of the companies that own casinos in Missouri also own sports betting platforms.

For example, Penn National Gaming owns Barstool Sportsbook, and they also own a number of existing casinos. In other cases, there are existing relationships between sportsbook operators and gaming companies that have been licensed in Missouri.

Two of the sports betting measures would give each of the 13 casinos the right to launch three different sportsbook products or skins. The other one specifies one for each license holder, so it would allow for 13 sports betting sites in Missouri.

FanDuel Sportsbook

FanDuel was in a perfect position when sports betting became legal because they had daily fantasy sports customers in most states. The name is familiar, and people that are already satisfied with the daily fantasy sports product feel comfortable with the brand.

There are FanDuel sportsbooks in 12 states at the time of this writing. It is very likely that they will be able to negotiate a deal with one of the casinos that will receive sports betting licenses.

 

BetMGM Sportsbook

MGM Resorts International is a heavy hitter in the betting and hospitality industry. Its BetMGM online sportsbook will probably be given one of the online sports betting skins. This is a very solid sports betting app that gets high marks from our reviewer.

 

Caesars Sportsbook

Caesars Palace was the most opulent property on the Las Vegas Strip back in the day, and it is still wowing guests. The brand is synonymous with upscale luxury, and the online sportsbook plays on that theme. It is actually no better than the other top sites, but it has offered the highest sign-up bonus in the business.

 

DraftKings Sportsbook

DraftKings has enjoyed the same advantage that has helped FanDuel capture a significant market share. The sports betting site can be accessed from the daily fantasy sports side and vice versa. It is a strong product with an aesthetic backdrop that mirrors the DFS environment.

 

WynnBET Sportsbook

WynnBET has been expanding its reach, so it will definitely be in the mix when sports betting is legal in Missouri. Steve Wynn, a notable Las Vegas gaming magnate, sold his interest in the company he founded in 2018, but the name lives on.

 

TwinSpires Sports

Churchill Downs is the home of the Kentucky Derby, and its architecture is notable because of the magnificent twin spires. It is no surprise that Churchill Downs Inc. gave this name to its online sportsbook. We expect to see TwinSpires Sports in the mix when sports gaming is legal in Missouri.

 

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Sign-Up Bonuses

Many sports betting sites have been offering bonus bets first bet bonuses. A $1000 bonus bet offer is not uncommon, and they have gone as high as $5000. There are also deposit match welcome bonuses at some sports betting sites.

Pre-Launch Offers

Pre-launch offers usually revolve around the sign-up bonus that will be offered after the sites go live. However, they will add a pot sweetener like $100 in site credit to give you a boost from the start.

Events Promotions

The betting sites run promotions around special events like the Super Bowl and March Madness to hype up the bettors. When a new season is right around the corner, they will do the same thing, and they have ongoing one-off promo offers and contests.

Loyalty Programs

Many of the betting sites have loyalty programs that give you the ability to generate points or credits based on the volume of play. If you wager consistently on a particular site, you can move up the tier ladder, and you earn better and better rewards.

Before you decide to bet on a particular site to rack up credits, you should look at the matter from another angle. You can snag a bonus every time you open a new account and make your first bet. Why limit yourself to one of them when there is more bonus money sitting on the table?

These are very profitable, publicly traded companies, so you can expect to be treated fairly at all the licensed sportsbooks. You no longer have to roll the dice with sketchy offshore sportsbooks that operate in a gray area with no regulatory oversight.

Safety & Security

All these operators accept credit cards, so state-of-the-art encryption methods are utilized. You can rest assured that your sensitive information will be safe and secure at the licensed sportsbooks.

Variety of Sports & Betting Options

These are the types of bets that will be available to Missouri residents:

• Point spread bets
• Moneyline bets
• Run line bets
• Puck line bets
• Parlays
• Teasers
• Proposition bets
• Futures wagers
• Halftime, quarter and period bets
• Live betting

Super Bowl betting is unique because you can make proposition bets that are not related to the game on the field. Do you think you have some insight into the color of the Gatorade that will be poured on the head of the winning coach? This is one of the crazy proposition bets that they post, and there are many others.

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Competitive Odds

There is more than one reason to open multiple sports betting accounts. The odds that are offered at each operator are not the same for every market. When you have several accounts, you can shop around for the best odds for the bet you want to make at any given time.

It’s a win-win situation because you get the sign-up bonuses, and you learn about new promo offers. Over a large sample size, if you always get favorable odds, it will make a difference in your bottom line.

User Experience

We have given you a rundown of the top sportsbooks that are likely to be up and running when online gambling in Missouri is legal. These are huge companies with unlimited resources, so they have highly competent people designing and maintaining their web presences.

All the sites are intuitive and user-friendly, so you will understand how to make your bets right away. The aesthetics are a matter of taste, but they all have their own appeal in one way or another. You will find that the user experience is quite positive under most circumstances.

However, customer service is another matter. The quality of the assistance that you receive will vary, and the individual agent that you communicate with is part of the equation.

As we have stated, there are 13 licensed casinos in the state of Missouri. All of the sports betting measures that have been introduced would grant sports gaming licenses to these operators. Two of the three measures would allow each casino to operate under three different sportsbook brands.

New Jersey probably has the most well-developed online sports betting ecosystem. There are a total of 16 separate sportsbooks up and running at the time of this writing in December of 2021.

Even though 39 skins would potentially be available in Missouri, the number of live operators will be considerably lower. We expect to see a minimum of 13, and the number could go up from there.

As for the selection process, the Missouri Gaming Commission will formalize foregone conclusions. The legislature will set the parameters, and the Gaming Commission will handle the administrative side of things.

Sports betting is legal in some of the surrounding states, so you can look at these states for revenue data. In 2020, people bet about $2 billion in Illinois, and this resulted in $57 million in tax revenue for the fiscal year. Missouri has half the population, and the tax structure would not be identical, but the potential revenue is considerable.

Taxable Winnings

Winnings are considered to be taxable income by the Internal Revenue Service and state income tax authorities. You can deduct your losses, and there is a record of all of your bets in your account history. However, you cannot claim losses that exceed the amount of your winnings.

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• Kansas City Chiefs
• Kansas City Royals
• St. Louis Cardinals
• St. Louis Blues
• University of Missouri

The sports wagering legislation that has been introduced is essentially the same as it is in surrounding states. It would allow for wagering on all college and professional sporting events, and two of the three bills that will be introduced in 2021 permit college prop bets.

In the other states that have legalized sports gaming, there is a responsible gambling requirement. The sites must post links to resources for problem gambling, and they have tools that can be used to set spending limits. Missouri will follow their lead when it comes to responsible gaming practices.

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Gary Patrick Garry started out in the sports gaming field working for a major sports service in Las Vegas over three decades ago. He has written for a number of different gambling sites over recent years, and he is a regular Gambling.com contributor.

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Gary Garry

Last Updated:   Feb 5^th, 2024

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