DraftKings stock rises amid securing direct mobile license in Missouri

Published 15/08/2025, 16:40
© Reuters.

Investing.com -- DraftKings Inc (NASDAQ:DKNG) stock jumped 4% as the company announced it has been granted a direct mobile sports betting license by the Missouri Gaming Commission.

The license will allow DraftKings to operate independently across Missouri without needing affiliation with a land-based casino or professional sports team. The company’s online sportsbook is expected to launch on December 1, 2025, pending final regulatory approvals.

"We’re pleased to secure one of two direct mobile licenses in Missouri — paving the way for us to bring DraftKings’ industry-leading online sportsbook to fans across the state," said Matt Kalish, President of DraftKings North America.

Once operational in Missouri, DraftKings will be offering regulated sports betting in 29 U.S. states, in addition to Washington D.C. and Ontario, Canada. The company provides responsible gaming tools including My Stat Sheet for monitoring gaming activity and My Budget Builder for setting custom limits.

DraftKings has also demonstrated community involvement in Missouri through its S.E.R.V.E.S. program, recently making a charitable donation to the St. Louis Tornado Response Fund following a devastating tornado that struck the Greater St. Louis area in May.

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