Over 320,000 Missourian voters have signed a petition seeking to greenlight a casino at Lake of the Ozarks. After four consecutive failures to get the casino question on the ballot, the matter may finally be put to voters.
For context, the Missouri constitution only allows casinos to be constructed near the Missouri and Mississippi rivers. This means that the people of the state must vote in favor of a constitutional amendment in order to expand the list of waterways that allow gaming.
The signatures will now be verified by the state. For reference, the number of certified signatures needed to get the matter to the ballot is approximately 173,000.
If the Lake of the Ozarks casino secures the Missourian voters’ approval, the state will get a new resort featuring a hotel, casino, spa, restaurants, shops and a convention center, among other facilities. This is a significant departure from the traditional riverboat model other casinos in the model still use.
While Missouri legally defines casinos as “excursion gambling boats,” it interprets this term rather broadly and, in 2021, amended the definition to include “nonfloating facilities.” Casinos can also be on the shore, as long as they are within 1,000 feet of the Missouri or Mississippi River and have at least 2,000 gallons of water inside or underneath the facility in rigid or semi-rigid containers, tanks or structures.
The Project Will Provide Benefits to the Local Economy
The Lake of the Ozarks casino question is being promoted by the Osage River Gaming & Conventions (ORGC) investor group. The group, which turned to polling after failing to get the casino matter to appear on the ballot previously, is optimistic about its momentum.
The organization pointed out that the project will generate significant benefits for the local economy. For example, tax revenue from the project will provide local schools with a significant boost. Local revenue, on the other hand, will fuel a variety of public services, including infrastructural upgrades.
Additionally, proponents expect the Lake of the Ozarks casino to bolster tourism. The 20-acre property’s facilities will provide a variety of entertainment options to gaming and non-gaming visitors alike.
The new property will be run by Bally’s Corporation and will create between 700 and 800 permanent jobs.