Missouri Set to Legalise Sports Betting with Voter Approval of Amendment 2

Significant election news has emerged from Missouri, where voters are on track to approve "Amendment 2," paving the way for fully regulated and legal sports wagering in the state.

This ballot proposes constitutional amendments that would permit licensed online sports betting, betting on gambling boats, establishment of sports betting districts, and issuance of operator and mobile licenses. Consistent with federal law, individuals under 21 will remain prohibited from participating. While voting is still ongoing, sports wagering in Missouri appears likely to pass if current voter support holds.

The Missouri Gaming Commission outlined that revenue from sports wagering will be taxed at a 10% rate, with potential deductions for promotional offers and federal taxes prior to state revenue calculations. Tax funds will also contribute to the state’s Compulsive Gambling Prevention Fund.

If approved, these amendments can be enacted 30 days after their passage, which could see sports wagering go live in Missouri by December 5, 2024.

Missouri government entities estimate that the annual cost of implementation will be approximately $5.2 million, with initial licensing fees expected to generate $11.75 million. Additionally, annual tax revenue could reach $28.9 million. An economic analysis commissioned by Winning for Missouri Education forecasts that $21.8 billion could be wagered in the state over the first five years, with 98% of bets expected to be placed online.

Meanwhile, "Amendment 5," a proposed measure to allow an additional gambling boat license on a section of the Osage River, was denied.