Missouri voters will ponder a specific model for legal sports betting laid out by a proposed constitutional amendment.
The start date for legal sports betting in the Show-Me State could be no later than Dec. 1, 2025, according to the proposed amendment.
If a majority of voters approve, bettors would have to be 21 or older. However, those Missouri bettors would be prohibited from wagering on college player props involving games in which Missouri schools are playing. Other than that, Missourians would have a wide selection of betting markets under the new law.could be no later than Dec. 1, 2025, according to the proposed amendment.
The commission could also issue up to two standalone licenses for online sports betting in Missouri that would not be tied to a casino or team. While DraftKings and FanDuel, the proposed amendment notes that if there are more than two applications for the untethered licenses, the regulator would use criteria such as expertise, experience, and revenue potential to decide the recipients.
The tax would be in addition to the licensing fees paid. An applicant for a retail sports betting license would have to fork over as much as $250,000 for the permit, which would have to be renewed every five years for a similarly sized fee. The cost for an online license could be up to $500,000 and would likewise require renewal every five years for a similar price.
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