How to Start Sports Betting in Missouri Today

Sports betting has become a major industry in America, but what about sports betting in Missouri? The increase in states legalizing sports gambling has got many residents wondering whether they can place legal bets on their favorite teams from this state. This guide endeavors to walk you through everything you need to know regarding sports betting in Missouri-the legal situation, what is available to you, and how to start placing bets today.

Is Sports Betting Legal in Missouri?

Currently, it is not legal to place sports bets in the state of Missouri; however, discussion of legislation is happening. There are several bills brought up in the state legislature to set the stage for legalizing sports betting. Other states, such as Illinois and Kansas, have already established regulated markets for sports betting, yet Missourians have the silver lining of accessing other options as discussed below.

Where Can You Bet on Sports in Missouri?

With traditional sportsbooks not being available in Missouri just yet, bettors can avail themselves of the following options:

Retail sportsbooks in bordering states

Often, Missouri residents travel across borders for betting purposes in nearby states, such as:

Illinois—With legalized sportsbooks in East St. Louis and beyond
Kansas—Offering both online and retail sports betting
Iowa—Will offer fully legalized betting via mobile and in-person

Online offshore sportsbooks

The international betting platforms unofficially operating on the gray line in terms of legality have an audience among many Missourians. However, these sites are not necessarily under U.S. regulations, meaning the bettors have no substantial legal protection.

Daily Fantasy Sports

Daily Fantasy Sports (DFS) are allowed in Missouri, functioning as contests involving sports events. Some popular DFS sites are:

DraftKings
FanDuel
Yahoo Fantasy Sports

How to Start Sports Betting in Missouri

Now, if Missouri should happen to legalize sports betting, here is a step-by-step guide to assist you with immediate initiation:

Choose a Sportsbook

Once legalized, sites such as DraftKings, FanDuel, BetMGM, and Caesars will probably launch in Missouri. It is important to choose one based on features such as:
Welcome bonuses
Betting options (moneylines, spreads, parlays, live betting)
Payment options

Registering and Verification of Your Account

To place a bet, you must do the following:
Register with in email and personal information
Verify identity with a government-issued ID
Link a payment method for deposits and withdrawals

Funding Your Account

Most sportsbooks will accept:
Credit/Debit card (Visa and MasterCard);
Banking Transfer
E-Wallets (PayPal and Skrill)
Cryptocurrency (some accep

Start by Placing Your First Bet

Once you have loaded funds:
Pick a sporting event
Pick the wager type (moneyline, point spread, totals, etc.)
Type in the amount you wish to wager and confirm bet

Popular Sports to Bet On in Missouri

Missouri has a vibrant sports culture, such that, only when legalized, wagers can be placed on the following:

NFL– Kansas City Chiefs
MLB– St. Louis Cardinals, Kansas City Royals
NBA- Cannot bet on NBA games because there are no local teams
NHL- St. Louis Blues
College Sports- Missouri Tigers (Mizzou)

Sports-Betting Strategies for Missouri Bettors

Increase your winning chances by applying the following strategies:

Bankroll Management

Set a cap of money for your betting and respect it

Never bet more than 5% of your bankroll on one bet

Perform Research on Teams and Players

Look at statistics, injury reports, and recent performances of both teams

Check for odds in different sportsbooks

Evaluate Various Betting Markets Instead of Moneylines

Props: placings bets on performances of individual players
Live betting: placing bets during the game
Parlay: betting on the combination of more than one bet providing bigger payouts

Missouri Sports Betting Tax Implications

They will definitely be taxed with state and federal taxes once sports betting becomes legal in Missouri. Here is a peek of what the expectations are:

Federal Tax: Winnings over $599 will not be reported to the IRS as it does not surpass the general IRS requirement to give forms to players. 600 will be reported to IRS.
State Tax: Missouri will put another state tax along with state tax on winnings.
Form W-2G: Sportsbooks do offer that form regarding taxes.

Future of Sports Betting in Missouri

With increasing argument for legislation, Missouri might just have legalized sportsbooks within the next couple of years. Among other things, industry analysts expect the state to rake in millions through tax revenues from sports betting for public services and infrastructure projects.

Conclusion

Though not legally sanctioned yet, interested citizens can still explore options like DFS as well as sports betting in states close to Missouri. When it does become legal, sports bettors in Missouri will enjoy mobile and retail sportsbooks, including amazing

offers and solid betting platforms. Legislative developments would indicate such signs, so be on the lookout as it promises thrilling futures in Missouri sports betting.

Follow this guide, and you will be ready to start betting safely and responsibly at the onset of legal sports betting in Missouri. In the meantime, consider some fantasy sports or even the legal sportsbooks of nearby states.