#1 out of 3
business1d ago
FanDuel, DraftKings take Missouri profits nearly triple their cost for sports wagering campaign
- FanDuel and DraftKings together earned about $120 million in two months from Missouri sports wagers.
- Missouri taxed operator winnings at 10%, but promotional write-offs reduce taxable amounts.
- Two operators controlled roughly 73% of the $928 million wagered in the first two months.
- DraftKings won $54.4 million and FanDuel won $65.6 million in the first two months.
- State tax receipts from wagering totaled about $659,196 over two months.
- Missouri voters approved sports wagering in 2024, enabling regulatory revenue while allowing write-offs.
- The Missouri Gaming Commission provided the latest financial data on wagering performance.
- A large portion of winnings is offset by promotional costs and other write-offs.
- Missouri’s legal sports betting started on December 1.
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