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is sports betting legal - FabioIneks - 02-08-2021
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п»їLegal Sports Betting Is Bigger than Ever -- But COVID Could Hurt Bets on the Big Game.
Sports betting is more popular, and legal, than ever, and one of biggest draws for bettors every year is wagering on the Big Game. But, like everything else right now, COVID-19 is having an impact on football betting this year.
In the video below, we'll take a closer look at why wagers on Sunday's game will likely be lower than usual, and how online sports betting -- fueled by companies like DraftKings (NASDAQ: DKNG) -- are scratching an itch for those wanting to place bets during socially distant times.
Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Video: How these investors view the recent Big Tech bounce (CNBC)
Missouri Sports Betting – Bet On Sports Legally In MO.
Missouri has always had a favorable stance concerning gambling. For the last several years Missouri has shown interest in joining other US states that permit legal sports betting by introducing multiple pieces of legislation related to legalizing domestic sports wagering.
If current active legislation ends up getting passed, MO players will be able to wager on sports through venues licensed by the state in addition to having access to bet through online sportsbooks that operate outside of the US and legally accept bettors from Missouri. Currently, offshore sportsbooks make up the whole of Missouri's available sports betting options.
Is Sports Betting Legal In Missouri?
Missouri hasn't authorized domestic sports wagering as of yet but is considering legislation to permit this expanded form of gambling. Until some kind of legal sports wagering law is passed, international online sportsbooks are the best option for MO sports fans seeking betting action without having to travel to another state.
Interestingly enough the state does not have any explicit laws against offshore sports gambling. In addition, US federal laws do not prohibit access to offshore sports betting sites either. These international sportsbooks operated outside US jurisdiction and cannot be banned due to free trade laws.
Missouri Sports Betting Bills.
Missouri has introduced multiple bills relevant to sports betting in an attempt to legalize domestic sports wagering within their borders. The 2019 legislative session ended with all presented bills remaining in committee and nothing making it to the finish line. The 2020 legislative session didn't fare any better.
Lawmakers are hoping 2021 is the year it all comes together with several new pieces of legislation on the table, including the one listed below that is headed to a legislative hearing. To learn more about these bills you can visit our US bill tracker page.
Missouri Sports Betting Legislative Hearings.
Bill Date Description SB98 1/26/2021 Appropriations Hearing.
Betting on the Super Bowl in Missouri.
With their home team playing in Super Bowl 55, and their golden boy Mahomes of the Kansas City Chiefs favored to be named MVP for Super Bowl LV, you can safely bet on the fact that MO football fans will be itching to place some bets of their own on the big game.
Despite the absence of any local sportsbooks in Missouri, there are some great options for legally betting on Super Bowl 55 online. The trusted sports betting sites listed on this page all accept residents from Missouri and delivers a wide selection of Super Bowl 55 betting lines, odds, bonuses, and promotions. They have competitive odds and paylines for the Kansas City Chiefs vs the Tampa Bay Buccaneers Super Bowl LV matchup.
Top Super Bowl Betting Site for Missouri.
Best Online Sportsbooks For Missouri Residents.
Our team has pinpointed which brands are best for US bettors to use. These offshore sportsbooks have been in the business for many years and have established strong reputations.
You can get more information on each of these brands from our detailed and reviews of legal online sportsbooks.
Site Name Current Bonus U.S. Visit Site 50% Max $250 Visit Site Review 2 50% Max $1,000 Visit Site Review 3 50% Max $1,000 Visit Site Review 4 100% Max $500 Visit Site Review.
MO Sports Betting Details.
Below are available details on Missouri's current sports betting market.
Legal Sports Betting: Offshore Only Missouri Minimum Sports Betting Age: 18 years old (via Offshore) Land-Based Sportsbooks: TBD Online Sportsbook: Offshore Only Mobile Betting App: Offshore Only In-Play/Live Betting: Offshore Only Estimated Revenue: TBD Eligible Operators: TBD Licensing Fee: TBD Tax Rate: TBD Tax-Funded: TBD.
What You Can Bet On In Missouri:
All betting lines, odds, and props for all games, teams, and players in Missouri for professional and collegiate teams (via Offshore)
What You Can't Bet On In Missouri:
No restrictions (via Offshore)
Where Can I Bet On Sports In Missouri?
State-regulated sportsbooks are not yet legally authorized. Nonetheless, offshore sportsbooks are available for MO residents who want to conveniently wager within their state without violating any laws. The offshore sportsbooks recommended on this page were picked for their quality offerings, payout speed, and security.
Biggest Sports Betting Cities In Missouri.
St. Louis.
St. Louis features the Cardinals and Blues. The Cardinals play in the National League Central division and finished third at the end of last season. Their last World Series win came in 2011, so they have not been successful in recent years.
Betting lines are available for both teams throughout their respective seasons.
Kansas City.
Kansas City plays home to the Royals (MLB) and Chiefs (NFL). The Royals finished their season third in the American League Central and will look to retain their star players in the offseason. They haven’t won a World Series since 1985. The Chiefs played hard in the 2019-2020 season and are headed to Super Bowl 54 to face off against the San Francisco 49ers. Currently, the Chiefs are favored in the betting odds.
Residents can bet on both teams through the licensed offshore sportsbooks recommended in this guide.
Columbia.
The University of Missouri (Mizzou) Tigers play in the tough SEC. Their football team has been successful in the past, but are currently struggling with their fierce conference opponents. Their men’s basketball program has made NCAA March Madness appearances in the past and will look to reach the coveted tournament again this upcoming season.
College betting lines are also available through the same sports betting destinations listed in this guide.
Frequently Asked Questions About Missouri Sports Betting.
Will I Get Arrested for Betting on Sports in Missouri?
Players who wager with MO-based unlicensed and unregulated sportsbooks will likely be charged with illegal gambling. However, state laws concerning this typically target the operator of the sportsbook. Alternatively, sports gambling through offshore sportsbooks doesn't violate existing state or federal laws.
Are Mobile Sports Betting Apps Legal in Missouri?
There are no state-licensed and authorized mobile sports betting options in the state at this point in time. However, offshore sportsbooks offer mobile sports wagering capabilities which are legally accessible for MO players to use.
What Teams Can I Bet on in Missouri?
Residents would possibly be able to bet on notable state-based professional and college teams such as the St. Louis Cardinals (MLB), Kansas City Royals (MLB), Kansas City Chiefs (NFL), St. Louis Blues (NHL) or the University of Missouri Tigers through domestic sportsbooks.
However, since no legislation has passed yet detailing whether or not local teams would be authorized for domestic sports wagering the best option is to utilize offshore sportsbooks, which have no restrictions on the teams MO players can wager on.
Are There Any Local Sportsbooks in Missouri?
Missouri has yet to authorize domestic sports wagering and thus does not license any MO-based sportsbook operation. MO-based bookies and sportsbooks currently in operation are unlicensed and unregulated thus illegal and in violation of state laws.
What is the Legal Minimum Sports Betting Age in Missouri?
Missouri has yet to establish a sports gambling law which would detail the minimum acceptable sports wagering age. Some US states with legal sports wagering have set their minimum gambling age at 21, while others chose to set theirs at 18.
In addition, offshore sportsbooks typically accept players as young as eighteen and these are currently available to MO players.
Missouri Legislative Resources.
Missouri residents interested in showing their support for domestic sports gambling options, tracking current bills, or getting in touch with their representatives can use the following resources to meet their needs.
Legal Sports Betting Is Bigger than Ever -- But COVID Could Hurt Bets on the Big Game.
Social distancing could take a toll on wagers this year.
Overall wagers could be down 37% this Sunday compared to last year But online bets for Sunday could rise by 63% from 2020 DraftKings stock is up more than 300% over the past 12 months, thanks to the rise in online betting.
Sports betting is more popular, and legal, than ever, and one of biggest draws for bettors every year is wagering on the Big Game. But, like everything else right now, COVID-19 is having an impact on football betting this year.
In the video below, we'll take a closer look at why wagers on Sunday's game will likely be lower than usual, and how online sports betting -- fueled by companies like DraftKings (NASDAQ
KNG) -- are scratching an itch for those wanting to place bets during socially distant times.Motley Fool Returns.
Stock Advisor launched in February of 2002. Returns as of 02/07/2021.
Stocks.
DraftKings Inc.
NASDAQ: DKNG.
Related Articles.
Why DraftKings Stock Rose 16% in January These 3 Tech Stocks Are Absurdly Overvalued Right Now Stock Market Wrap-Up: DraftKings Scores; Tesla Does the Texas Two-Step Here's Why I'd Avoid DraftKings Stock Like the Plague 3 Tech Stocks You Should've Bought a Month Ago.
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Market data powered by FactSet and Web Financial Group.
Legal Sports Betting Is Bigger than Ever -- But COVID Could Hurt Bets on the Big Game.
Sports betting is more popular, and legal, than ever, and one of biggest draws for bettors every year is wagering on the Big Game. But, like everything else right now, COVID-19 is having an impact on football betting this year.
In the video below, we'll take a closer look at why wagers on Sunday's game will likely be lower than usual, and how online sports betting -- fueled by companies like DraftKings (NASDAQ: DKNG) -- are scratching an itch for those wanting to place bets during socially distant times.
Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Video: How these investors view the recent Big Tech bounce (CNBC)
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