Missouri voters approved sports betting in November, but state regulators are taking their time to decide who will receive licenses and the type of bets that will be allowed. Secretary of State Denny Hoskins is not rushing into things, which could cost the state millions according to gambling expert Ryan Butler. The initial plan was to launch sports betting by June or July, but Hoskins has thrown those dates out the window for the sake of transparency.
Despite the delay in the rule-making process, there is a loophole that allows Missouri residents to still participate in sports betting through apps like PrizePicks and Underdog Sports, which offer daily fantasy games. However, the delay could lead to confusion among bettors in Missouri with some possibly crossing over to neighboring Illinois to place bets.
Butler highlights the potential revenue the state could be missing out on by delaying the launch of sports betting, estimating that Missouri could see hundreds of millions of dollars in total bets placed each month. Despite the setbacks, Hoskins believes that sports gambling can still be launched before the December 2025 deadline by following the standard process, including public input.
Overall, the delay in the launch of sports betting in Missouri may be disappointing for eager bettors, but it also presents an opportunity for the state to ensure a well-regulated and transparent system for sports gambling. The decision ultimately lies with state regulators on how to proceed with the rule-making process.
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