The upcoming vote in Missouri on Nov. 5 could significantly alter the landscape of a popular vacation destination. If voters pass Amendment 5, the state will increase the number of gambling boat licenses from 13 to 14, allowing for the development of a new casino near Lake of the Ozarks.
While termed a "gambling boat license," this amendment would enable the establishment of a land-based casino. Specifically, it permits a casino to operate on the Osage River, close to the Bagnell Dam at Lake of the Ozarks.
Traditionally, casinos were restricted to the Missouri or Mississippi Rivers. However, this amendment would allow construction on or near man-made bodies of water, such as the Lake of the Ozarks, which was built in the late 1920s to early 1930s.
If approved, the Missouri Gaming Commission is expected to award the license to Bally’s, which currently operates a casino in Kansas City. Bally’s would then have the go-ahead to build a new casino complex — complete with an entertainment center, hotel and restaurants — on the Osage River.
Casino Expected to Generate Millions in Revenue
State officials estimate that this amendment will generate more than $14 million each year from gaming taxes.
If Missouri voters approve Amendment 5, the money from the gambling boat license will go to support early childhood literacy programs in public schools.
Around 700 permanent jobs will be created at the casino, not including the temporary positions for construction. Additionally, the Missouri State Highway Patrol plans to request nine more full-time positions to assist with enforcing gaming regulations in the area.
Osage Nation Also Wants to Build an Ozarks Casino
The Osage Nation, a Native American tribe from Oklahoma, also plans to build a casino at the Lake of the Ozarks soon.
The tribe is working separately with the federal government and needs to get permission from Missouri's governor to proceed. This plan is to make the casino part of a new entertainment district, but the Osage Nation continues to wait for a decision from the government.
The $60 million project will unfold in several phases and is expected to create new jobs, boost tourism and generate revenue for the Lake of the Ozarks community. Historically, the Osage Nation thrived in Missouri, with its population reaching up to 200,000 at its peak.
History of the Lake of the Ozarks
The Lake of the Ozarks spans 92 miles from end to end, winding through several counties in the Ozark Mountains. Many describe its shape as resembling a serpent with tentacles. When it was completed, it was the largest manmade lake in the United States and one of the largest in the world.
With nearly 1,150 miles of shoreline, the lake draws millions of tourists annually. Visitors often remark that it's the closest experience to an ocean getaway in the Midwest.
The main concern about building a casino in the area is the potential for increased congestion from cars and people. However, business owners welcome the idea of more foot traffic, especially during the winter months. The casino could bring in year-round tourism, which would boost the local economy and benefit businesses.
