Missouri Targets Summer Launch for Legal Sports Betting

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00:00that it seems like the summer now is the launch date for Missouri.

00:03I know they were hoping for Super Bowl, then they were hoping for maybe the NCAA tournament time,

00:08but it does seem that they're just trying to get ahead of next football season,

00:11at least from what I read.

00:13Yeah, yeah, you got it right, Craig, absolutely.

00:15Missouri legalized sports betting only in November, so it's just a couple months ago.

00:20So I know any time sports betting gets legalized, everyone's, oh, can I do it?

00:24Everyone downloads the apps.

00:26You see this huge surge, companies tracking people trying to log in.

00:29Especially in a state like Missouri, which borders a couple of other states in sports betting.

00:34But Super Bowl turnaround would have been, honestly,

00:38one of the quickest turnarounds we've ever seen with this kind of thing before.

00:41They're now targeting the middle of the summer, the ballot that legal, or the ballot proposition,

00:47rather, that legalized sports betting in November via, you know, a majority vote by the people.

00:52It had it written in the ballot that it had to start by December at the very latest.

00:57So when you look at other states, like Maryland, or even New York, New Jersey,

01:03some of those states have taken up to two years from legalizing sports betting to then launching it.

01:09So in Missouri's case, while you won't be able to get it by the Super Bowl,

01:12you will have the option to go to other states around there.

01:16They should get it during the summer, which will be, then the big timeline, the big target there will be,

01:21can we get everything ahead of next football season?

01:24So sort of the worst case scenario would have been launching mid-playoffs last year.

01:30We've seen some states do that.

01:31But the fact that Missourians will have sports betting before next football season,

01:35that's the real key target here that sports books, especially, will be happy about.

01:40So essentially what has to happen before, you know, it goes live is the Missouri Gaming Commission

01:45needs to figure out the licensing process, and they need to do a ton of paperwork.

01:50They need to issue regulations and rules so the sports books know what they can and can't do,

01:54you know, in some states you have certain bets that are legal, other states you don't.

01:58You know, you have different licensing requirements.

02:00You want to make sure there's no bad actors coming in, like a state we'll talk about a little bit later

02:04with some people who maybe were shady about their business.

02:08So, you know, if you're in Missouri, you don't get it by the Super Bowl,

02:10but it's still going to be one of the quickest turnarounds we've seen.

02:13So got to be thankful for that.