DraftKings received a mobile sports betting license in Missouri, set to launch on December 1, 2025, pending approval.
Quiver AI Summary
DraftKings Inc. has received a direct mobile sports betting license from the Missouri Gaming Commission, allowing the company to operate independently across the state starting December 1, 2025, pending regulatory approvals. This license marks a significant expansion for DraftKings, making Missouri the 29th U.S. state where they offer regulated sports betting. Matt Kalish, President of DraftKings North America, expressed excitement about bringing their online sportsbook to the passionate sports fans in Missouri. The company emphasizes responsible gaming with tools to help customers manage their betting activity, and it remains committed to supporting local communities, illustrated by a recent donation to aid recovery efforts after a tornado in the St. Louis area. DraftKings aims to create engaging and responsible gaming experiences in North America.
Potential Positives
- DraftKings has secured a direct mobile sports betting license in Missouri, allowing independent operation without needing to partner with a land-based casino or professional sports team.
- Missouri will become the 29th U.S. state where DraftKings offers regulated sports betting, expanding the company's market presence significantly.
- The company emphasizes its commitment to responsible gaming by offering tools like My Stat Sheet and My Budget Builder for customer use.
- DraftKings demonstrated community support through a charitable donation to the St. Louis Tornado Response Fund, reinforcing its commitment to social responsibility.
Potential Negatives
- While DraftKings has received a direct mobile sports betting license, it is contingent on final regulatory approvals, which may introduce delays or complications in the launch process.
- The press release emphasizes a commitment to responsible gaming, which indicates potential previous criticisms or concerns over the gaming environment and player safety that the company must continuously address.
- The mention of the forward-looking statements highlights inherent risks and uncertainties that could impact the company's future performance, signaling to investors the potential volatility in operations.
FAQ
What is the recent news about DraftKings in Missouri?
DraftKings has been granted a direct mobile sports betting license by the Missouri Gaming Commission to operate independently in Missouri.
When will DraftKings' online sportsbook launch in Missouri?
The online sportsbook is expected to go live on December 1, 2025, pending final regulatory approvals.
How many states does DraftKings operate in?
Once live, Missouri will be the 29th state where DraftKings offers regulated sports betting, along with Washington D.C. and Ontario, Canada.
What responsible gaming tools does DraftKings provide?
DraftKings offers tools like My Stat Sheet and My Budget Builder to help customers monitor and manage their gaming activity responsibly.
How is DraftKings supporting communities in Missouri?
Through its S.E.R.V.E.S program, DraftKings supports communities, including a recent charitable donation to aid recovery efforts after a tornado in St. Louis.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DKNG Insider Trading Activity
$DKNG insiders have traded $DKNG stock on the open market 52 times in the past 6 months. Of those trades, 0 have been purchases and 52 have been sales.
Here’s a breakdown of recent trading of $DKNG stock by insiders over the last 6 months:
- MATTHEW KALISH (See Remarks) has made 0 purchases and 16 sales selling 1,847,585 shares for an estimated $79,138,882.
- PAUL LIBERMAN (See Remarks) has made 0 purchases and 9 sales selling 1,210,850 shares for an estimated $50,552,521.
- R STANTON DODGE (Chief Legal Officer) has made 0 purchases and 16 sales selling 797,797 shares for an estimated $32,528,009.
- JASON ROBINS (See Remarks) has made 0 purchases and 3 sales selling 666,651 shares for an estimated $28,281,278.
- ALAN WAYNE ELLINGSON (Chief Financial Officer) has made 0 purchases and 5 sales selling 171,371 shares for an estimated $7,235,435.
- JOCELYN MOORE has made 0 purchases and 3 sales selling 11,417 shares for an estimated $464,321.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DKNG Hedge Fund Activity
We have seen 416 institutional investors add shares of $DKNG stock to their portfolio, and 447 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JANUS HENDERSON GROUP PLC added 5,644,497 shares (+60.2%) to their portfolio in Q1 2025, for an estimated $187,453,745
- JERICHO CAPITAL ASSET MANAGEMENT L.P. removed 5,245,494 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $174,202,855
- AQR CAPITAL MANAGEMENT LLC added 4,486,488 shares (+2138.9%) to their portfolio in Q1 2025, for an estimated $148,996,266
- WELLINGTON MANAGEMENT GROUP LLP added 4,326,588 shares (+22.7%) to their portfolio in Q2 2025, for an estimated $185,567,359
- BROWN ADVISORY INC added 4,048,680 shares (+53272.1%) to their portfolio in Q2 2025, for an estimated $173,647,885
- HOLOCENE ADVISORS, LP removed 3,888,473 shares (-95.2%) from their portfolio in Q1 2025, for an estimated $129,136,188
- BLACKROCK, INC. removed 3,679,199 shares (-12.4%) from their portfolio in Q2 2025, for an estimated $157,800,845
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$DKNG Analyst Ratings
Wall Street analysts have issued reports on $DKNG in the last several months. We have seen 20 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Jefferies issued a "Buy" rating on 08/08/2025
- Barclays issued a "Overweight" rating on 08/08/2025
- Benchmark issued a "Buy" rating on 08/07/2025
- Susquehanna issued a "Positive" rating on 07/25/2025
- Stifel issued a "Buy" rating on 07/16/2025
- Truist Securities issued a "Buy" rating on 07/16/2025
- Morgan Stanley issued a "Overweight" rating on 07/11/2025
To track analyst ratings and price targets for $DKNG, check out Quiver Quantitative's $DKNG forecast page.
$DKNG Price Targets
Multiple analysts have issued price targets for $DKNG recently. We have seen 22 analysts offer price targets for $DKNG in the last 6 months, with a median target of $55.0.
Here are some recent targets:
- Brandt Montour from Barclays set a target price of $54.0 on 08/08/2025
- David Katz from Jefferies set a target price of $54.0 on 08/08/2025
- Mike Hickey from Benchmark set a target price of $53.0 on 08/07/2025
- Joseph Stauff from Susquehanna set a target price of $60.0 on 07/25/2025
- Jeffrey Stantial from Stifel set a target price of $51.0 on 07/16/2025
- Barry Jonas from Truist Securities set a target price of $55.0 on 07/16/2025
- Stephen Grambling from Morgan Stanley set a target price of $52.0 on 07/11/2025
Full Release
BOSTON, Aug. 15, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) announced today that the Missouri Gaming Commission has granted the company a direct mobile sports betting license. This direct mobile sports betting license will enable DraftKings to operate independently across the state of Missouri, without the need for affiliation with a land-based casino or professional sports team. DraftKings’ online sportsbook would go live on the universal launch date currently expected for December 1, 2025, contingent on 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, DraftKings North America. “Missouri is home to several professional teams and deeply passionate fanbases, and we look forward to enhancing their sports experience with a dynamic and responsible mobile platform.”
Once live, Missouri will become the 29th U.S. state where DraftKings operates regulated sports betting. The company also offers regulated online sports betting in Washington D.C. and Ontario, Canada.
DraftKings is dedicated to providing a fun gaming environment that all customers can enjoy responsibly in states where sports betting is legal. The company offers a suite of responsible gaming tools and resources. These include My Stat Sheet, which allows customers to monitor personalized gaming activity, and My Budget Builder, a tool that helps players set custom limits and reminders through a guided, easy-to-use experience.
With a proven track record in regulated markets, DraftKings continues to expand access to innovative and responsible sports betting experiences across North America.
As part of its commitment to the states in which the company operates, DraftKings is dedicated to supporting communities in times of need through its S.E.R.V.E.S. program. The program provides inclusive and responsible opportunities for people to build, create, imagine and innovate. Earlier this year, DraftKings made a charitable donation to the St. Louis Tornado Response Fund, part of the St. Louis Community Foundation, to aid recovery efforts following the devastating tornado that struck the Greater St. Louis area in May.
More information about DraftKings is available at www.draftkings.com and fans can download the DraftKings mobile apps via iOS and Android here .
About DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. The company is headquartered in Boston and was launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games and betting experiences. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 28 states, Washington, D.C. and in Ontario, Canada. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states under its Golden Nugget Online Gaming brand. DraftKings also owns Jackpocket, the leading digital lottery courier app in the United States. DraftKings’ daily fantasy sports product is available in 44 states, the District of Columbia and certain Canadian provinces. DraftKings is both an official sports betting and daily fantasy partner of the NFL, NHL, PGA TOUR, WNBA and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network a multi-platform content ecosystem. DraftKings is committed to being a responsible steward of this new era in real-money gaming by developing and promoting educational information and tools to help all players enjoy our games responsibly.
Forward-Looking Statements
Certain statements made in this press release are “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” ”would,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ filings with the Securities and Exchange Commission. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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