FanDuel and DraftKings have doubled their contributions in support of an upcoming ballot measure that would legalize sports betting in Missouri.
Days after Caesars spent $4 million opposing a Missouri sports betting ballot measure, the nation's two largest sportsbooks doubled their contributions to support the initiative.The nation’s two largest sportsbooks have doubled their seven-figure investments in the Missouri sports betting legalization campaign, days after a rival book funded an organization to prevent it.
In most other states that tie online sports betting licenses with brick-and-mortar casino operations, an operator is permitted one sports betting licenses for each property managed. Since Caesars owns three casinos in Missouri, as an example, regulatory structures in other states would give the company at least three potential sports betting licenses.
The language would seem to give DraftKings and FanDuel, largely through their large national market share, the clearest path to these two licenses. They would have to pay the state a licensing fee but would not have to partner a competitor to offer mobile sportsbooks.
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