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Missouri Selects DraftKings, Circa Sports for Mobile Sports Gambling Licenses
10 months agoUS
The Missouri Gaming Commission has selected DraftKings and Circa Sports for the state's two 'untethered' mobile sports wagering licenses, allowing them to operate without needing to partner with a casino or sports team. FanDuel, while unsuccessful in securing a license, announced a partnership with St. Louis CITY SC.
Key Insights
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DraftKings and Circa Sports secured the two 'untethered' mobile sports wagering licenses in Missouri.
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FanDuel partners with St. Louis CITY SC despite not winning a license.
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Missouri sports wagering is set to launch on December 1, 2025.
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Amendment Two allocates sports gambling revenue to education after covering expenses and compulsive gaming prevention.
Why this matters: The selection of DraftKings and Circa Sports marks a significant step in Missouri's entry into the mobile sports betting market. The partnership between FanDuel and St. Louis CITY SC ensures their presence in the state, and the revenue allocation to education highlights the potential benefits for Missouri's institutions.
In-Depth Analysis
The Missouri Gaming Commission's decision was based on factors including expertise, integrity, sustainability, and revenue generation potential. Circa Sports differentiated itself by targeting professional gamblers, while DraftKings and FanDuel had invested heavily in the campaign to legalize sports betting. All other companies seeking to operate in Missouri will need to partner with existing casinos or sports teams. The launch of mobile sports wagering is scheduled for December 1, 2025, and is projected to generate up to $29 million in tax revenue annually, benefiting the state's education system.
FAQs
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Q: When will mobile sports wagering launch in Missouri?
December 1, 2025.
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Q: What happens to the tax revenue generated from sports gambling?
It will first cover the Gaming Commission's expenses, then allocate funds to the Compulsive Gaming Prevention Fund, and finally be spent on educational institutions in Missouri.
Key Takeaways
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Missouri is entering the mobile sports betting market with DraftKings and Circa Sports as key players.
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FanDuel will still participate through a partnership with St. Louis CITY SC.
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Sports gambling revenue will support education in Missouri.
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Prepare for the launch of mobile sports wagering on December 1, 2025.
Discussion
Do you think this new sports betting market will benefit Missouri? Share this article with others who need to stay ahead of this trend!
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