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Business
January 16, 2025
Maryland Tax Rate Increase May Impact DraftKings, FanDuel
Amid plans for a tax hike in Maryland, two analysts explored the potential impact increasing the tax rate may have on the gambling sector. Proposal in Maryland Seeks to Raise Table Games and Betting Taxes Earlier this week, Gov. Wes Moore uncovered a new proposal calling for an increase in the tax rate on gambling […]
Sports
January 14, 2025
FanDuel Donates $250K to Help with LA Wildfire Relief Efforts
FanDuel has donated $250,000 to the ongoing relief efforts resulting from the ravaging wildfires in Los Angeles that have continued ablaze over the past two weeks. Originally, the fire started on January 2 and has so far burnt through more than 17,000 acres displacing more than 100,000 people and leaving at least 24 dead. An […]
Legal
January 6, 2025
Former Jaguars Employee’s Gambling Case No Longer Involves Fox
A former Jacksonville Jaguars financial executive who was sentenced to prison after defrauding the team of more than $22 million which was used for gambling and personal expenditures, amended his lawsuit filed against several companies. Fox Removed from Gambling Lawsuit Without Prejudice In October 2024, Amit Patel, a former employee of the Jaguars, sued FanDuel […]
Business
December 20, 2024
FanDuel Reclaims Dominance in US iGaming for November
There are currently two betting and gaming companies in the United States that dominate the iGaming and sports betting vertical. That’s the case of DraftKings and FanDuel with each competing not only against other rivals but against each other. On the heels of a recently requested antitrust investigation into the duo, an expert analyst highlighted […]
Legal
December 19, 2024
FanDuel Founders and Investors Fight to Keep Sale Lawsuit Alive
The founders of FanDuel, plus over 100 early investors and workers, are trying to keep their lawsuit going in the New York Supreme Court. Lawsuit Claims Private Equity Firms Exploited FanDuel Sale They are suing private equity firms Shamrock Capital Advisors and KKR. The case is about the $559 million sale of FanDuel to Paddy […]
Business
December 12, 2024
FanDuel Appoints Two New Directors of Government Relations
American betting leader FanDuel Group has enhanced its leadership team with two additions. According to the announcement, James Hartmann and Louis Trombetta have both been designated as directors of government relations. Both Appointees Have Unique Track Records According to FanDuel, the appointees will reinforce the company’s ties with the government in states where it already […]
Industry
December 11, 2024
FanDuel Rolls Out “My Spend” to Boost Responsible Gaming Options
FanDuel Group has launched a new feature called “My Spend” to improve its range of responsible gaming tools. FanDuel Unveils Personalized Dashboard for Enhanced Budgeting and Gaming Insights Created to give users better insights into their gaming activities, the personal dashboard allows customers to track spending patterns and handle their budgets well. This new addition […]
Industry
December 9, 2024
FanDuel Faces $10,000 Fine in Massachusetts for Betting Rule Violation
FanDuel Sportsbook is on the receiving end of a $10,000 fine issued by the Massachusetts Gaming Commission (MGC) after a compliance slip-up allowed wagering on in-state college teams, a clear violation of state sports betting regulations. This fine marks the second regulatory intervention in recent months, as BetMGM also faced sanctions in October. FanDuel Had […]
Industry
December 9, 2024
Senators Demand Antitrust Investigation into FanDuel and DraftKings
Two US senators, Mike Lee (R-Utah) and Peter Welch (D-Vt.), have asked federal regulators to look into possible antitrust rule-breaking by top online sports betting sites FanDuel and DraftKings. Lawmakers Urge FTC and DOJ to Investigate Potential Collusion Between FanDuel and DraftKings The lawmakers sent a letter on December 5 to the Federal Trade Commission […]
Legal
November 18, 2024
MLBPA and FanDuel Agree to Dismiss Image Rights Violations Lawsuit
In September, DraftKings and FanDuel, among other betting companies, were named defendants in lawsuits filed by the Major League Baseball Players Association (MLBPA). In the legal claims, the Association alleged image rights violations, accusing the betting companies of using player images and names without permission. Now, at least one of the lawsuits was resolved Friday. […]
