The Missouri Gaming Commission (MGC) on Tuesday reported $30.4 million in gross sports betting revenue for February, with FanDuel and DraftKings again pacing the 16 licensed mobile and retail platforms.
In the third month of the legal sports betting market in Missouri, handle again plunged by 29%. Handle for February topped out at $272 million, down from $385 million in January and $543 million in December.
With the ultra-popular Kansas City Chiefs failing to make the playoffs and the St. Louis Blues unable to generate enough interest to make up the gap, Missouri’s sports betting market may have to await the commencement of the next NFL season for a boost. That is, unless Kansas City Royals star Bobby Witt Jr. or St. Louis Cardinals rookie JJ Wetherholt titillate local bettors.
Adjusted growth revenue fell to $18.3 million, down from $19.2 million in January.
FanDuel, DraftKings dominating in Missouri
DraftKings led all operators with $8.5 million in total adjusted gross revenue off $105 million in gross revenue. FanDuel was next best with $6.8 million in total adjusted gross revenue off gross revenue of $92.5 million.
After financing much of the hearts-and-minds campaign to legalize sports betting in the state of about 6 million residents, the national market share leaders continued to dominate there.
According to MGC data, of the $1.2 billion wagered so far in Missouri, 72% has been taken by DraftKings and FanDuel.
Combined retail/mobile wagers from other operators:
- Bet365: $112.2 million
- BetMGM: $80.2 million
- Fanatics: $61.6 million
- Caesars: $40.4 million (mobile and retail)
- Penn Sports Interactive: $18 million
- Circa Sports: $4 million
