Missouri's Sports Betting Licensing Frenzy
Missouri Initiates Process for Granting Sports Betting Permits
Get ready, Missouri! The state has kicked off the race for sports betting licenses, setting the stage for a thrilling showdown. Here's the lowdown:
Application Timeframe
- Kickoff: The application process commenced on May 15, 2025.
- Untethered Deadline: By July 15, 2025, operators can apply for the two untethered licenses, with winners announced on August 15, 2025.
- General Deadline: The final call for tethered and additional license applications is September 12, 2025.
License Categories
- Untethered Bang: Two untethered licenses allow operators to blast off with mobile sports betting without needing a partnership.
- Tethered Tango: Commercial operators can partner with one of Missouri's six pro sports teams or 13 brick-and-mortar casinos for a chance at the action.
- Retail Rumble: Up to 19 retail licenses are up for grabs.
- Online Opportunity: With each casino eligible for two online skins, up to 14 online licenses could be in play.
Pricing and Duration
- Retail Rate: Retail licenses cost a cool $250,000.
- Mobile Moola: Mobile licenses double the price, coming in at $500,000.
- License Duration: Las Vegas-style, mobile licenses last for five years before a renewal round.
Launch Timeline
- Starting Grid: Sports betting action is expected to start in Missouri by December 1, 2025.
Extra Details
- Taxing Overtime: Sports betting will be taxed at 10%, with the first $5 million annually funneled to the state’s Compulsive Gambling Prevention Fund.
- Regulatory Reins: The Missouri Gaming Commission (MGC) will review applications and dole out licenses in accordance with the state's regulations.
So, are you ready to place your bets, Missouri? The MGC has opened the floodgates—it's time to claim your slice of the action!
- Operators have the opportunity to apply for untethered licenses for mobile sports betting in Missouri, similar to the bustling online casinos of Las Vegas, with applicants to be announced by August 15, 2025.
- Missouri's commercial operators can partner with one of the state's six professional sports teams or 13 brick-and-mortar casinos for a chance at sports betting action, while up to 19 retail licenses and 14 online licenses are also up for grabs.
- With a starting price of $250,000 for retail licenses and $500,000 for mobile licenses, which last for five years before renewal, Missouri's sports betting landscape mirrors the excitement and competition of casino-and-gambling experiences in Las Vegas, with sports betting action expected to kick off by December 1, 2025.
