- The Missouri Gaming Commission can award two untethered online sports betting licenses
- Only two operators submitted applications for licensure
- Sports betting will launch in the state on Dec. 1, 2025
FanDuel and DraftKings will have no competition for the two available Missouri untethered online sports betting licenses.
The deadline for the licenses has come and gone, with the two market leading operators submitting the only two applications. A spokesperson for the Missouri Gaming Commission confirmed with Sports Betting Dime that DraftKings and FanDuel submitted the only two direct (untethered) online sports betting license applications.
Missouri gaming regulators have received three sports betting licenses so far. Missouri sports betting apps will launch on Dec. 1, 2025.
Valuable Sports Betting Licenses
The deadline to submit applications for the two available untethered licenses was July 15. Under the approved sports betting regulations, the commission can award two direct (untethered) online sports betting licenses to operators. Regulators will select the two license holders on Aug. 15.
DraftKings and FanDuel will likely be the two license holders.
Each other sports betting license requires an operator to enter the Missouri sports betting market through a partnership with a land-based casino or professional sports franchise. The partnerships typically require a revenue sharing agreement between the two parties.
Untethered license holders do not have to partner with any other entity in the state to do business, therefore do not have to share revenues with their market access partner.
In total, the commission will be allowed to issue up to 19 retail sports betting licenses and up to 14 online sports betting licenses under the approved framework.
Here is the remaining Missouri sports betting schedule:
- July 16: Public comments on sports betting rules deadline
- July 17: Public hearing for submitted public comments
- Aug. 13: Applicants for direct online sports betting licenses may appear before Missouri Gaming Commission
- Aug. 15: Missouri Gaming Commission announces two selected direct online sports betting license applicants
- Sept. 12: All other partnered retail and online sports betting license applications must be completed
- Dec. 1: Deadline for the launch of Missouri sports betting
Underdog is the only company to apply for a retail and online sports betting license, but has yet to announce its market access partner.
Catalist, Gaming Labs International, and GeoComply submitted applications to the commission for sports betting supplier licenses.
Market Access Agreements Still Being Worked Out
Market access agreements are still rounding into shape as operators are angling to get into the newest sports betting market.
BetMGM confirmed its market access partner for the Show-Me state, announcing a partnership with Century Casinos in late May. If awarded a license, the partnership will allow BetMGM Missouri to operate its online sports betting platform in Missouri, while also operating brick-and-mortar sportsbooks at Century’s discretion.
The agreement will include a percentage of BetMGM’s net gaming revenue payable to Century, which includes a guaranteed minimum.
bet365 Missouri and the St. Louis Cardinals entered into a sports betting partnership in March. The multi-year partnership will provide the sports betting operator with access to the yet-to-be-launched Missouri sports betting market.
The post Missouri’s Untethered Sports Betting License Application Field All Set appeared first on Sports Betting Dime.
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