Most investors weren't swayed by its second-quarter report. After more than a year's worth of unrewarded growth, they should have been.

The Missouri Gaming Commission awarded sports wagering licenses to DraftKings and Circa Hospitality on Friday as the state moves toward launching legalized sports betting in December.

The move from the Missouri Gaming Commission to pass up FanDuel for a sports betting license was seen as a major surprise. DraftKings and Circa Sports were selected instead.

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The Missouri Gaming Commission voted Friday morning to give DraftKings and Circa Hospitality the state's first two mobile sports betting licenses. The commission awarded the licenses at its meeting Friday morning.