Missouri Sports Betting Legalization Vote Nears Conclusion

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00:00Speaking of the right way and the wrong way, it's boy, this vote in Missouri to legalize

00:08sports betting definitely seems like it's coming down to the wire.

00:12And then we got the note, and I know we talked about this earlier in the week, Pat, I believe

00:14it was Monday, that the ad campaigns have pulled back some of the money.

00:20So naturally when you see this, you think to yourself, okay, what is the reasoning behind

00:25this?

00:26Is this thing going to pass?

00:27Is this why some of these negative ads have been pulled back?

00:30It does seem to me based on the polling that on November 5th, 6th, whatever, it feels like

00:37to me we're going to legalize sports betting.

00:39You're going to see it legalized in Missouri.

00:41It's not a guarantee, but this is sort of the indication that would push me more in

00:45that direction.

00:46Is that fair or no?

00:47I think that's definitely a fair read of the situation.

00:50We've talked about Missouri ad nauseam at this point for the last three years, and now

00:55about this election the last couple of months.

00:58And yeah, I mean, going into it, we've got plenty of ballot polls that say 50 plus percent

01:04of people are supportive, and all it needs is 50.1% to pass on election day.

01:10And to your point, you can never fully predict what's going to happen on election day.

01:14Who knows who comes out and actually votes?

01:17But the signs are pointing to it passing, and that's big news for winning for Missouri

01:22education, the campaign supporting it.

01:24They're backed by DraftKings and FanDuel.

01:27Now what happened is the Missouri Independent reported that the campaign against the ballot

01:33initiative, which is supported by Caesars because they don't like the ballot language

01:37that allows two untethered licenses, which of course would probably go to DraftKings

01:42and FanDuel, polled more than $1 million in ads.

01:46And I think their spokesperson told the Missouri Independent that they had tightened the race

01:54with the ads and they had achieved what they wanted to.

01:57But you've got to think that if you're polling it, you're kind of giving up.

02:01What's interesting is, you know, going through the campaign finance reports and all that,

02:06you see that they paid quite a bit of money for some internal polling to see what the

02:09numbers were.

02:10Now we haven't seen any numbers from this campaign.

02:13So you've got to imagine if they're not releasing it and then they're pulling the ads, you know,

02:17I'm not a political polling expert or political campaign expert by any means.

02:22But those signs kind of point to, oh, maybe we're giving up, because, yeah, you'd think

02:27if the polling numbers were good for them, they'd release them and they'd keep pushing

02:29with the ads.

02:30But here they are pulling them.

02:32So yeah, it's going to be a really interesting race these last two weeks.

02:36Again, it's a huge push by DraftKings, FanDuel and the professional sports teams to legalize

02:42sports betting, something that the legislator hasn't been able to do the past three years.

02:48And if people are truly wanting it, this is their chance to say they want it and get

02:52it off the ground.

02:53So again, you can't really predict what happens on Election Day, but, you know, signs are

02:58pointing to it passing and that's something I'll be watching close on that Tuesday, more

03:03so than, you know, a lot of other races.

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