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Business
September 3, 2024
FanDuel Gains Market Share in July Ahead of Football Season
Although the United States is recognized as a leading and competitive sports betting market, considering that nearly 40 states offer the activity and there are more than a dozen operators offering their services, a duopoly continues to hold a major stake in the vertical. FanDuel and DraftKings continue to hold a significant share of the […]
Sports
August 20, 2024
FanDuel’s Strategic Moves Allow It to Gain Advantage in Betting Race
In the growing sports betting landscape across the United States, two leading operators solidified their presence as leaders. With many analysts acknowledging that the market is in a “duopoly” form, DraftKings and Flutter Entertainment’s FanDuel continue to hold a significant share of the sector. With percentages varying from one month to the other, generally speaking, […]
Legal
August 15, 2024
FanDuel Founders Challenge Board in Expanded Suit over Flutter Deal
FanDuel’s cofounders, early investors and employees recently filed an amended complaint in New York, alleging that board members, controlled by private equity investors deprived them of significant profits from the company following its 2018 sale to Paddy Power. At the time, FanDuel was valued at $559 million and merged with Paddy Power. Later on, Paddy […]
Industry
August 14, 2024
FanDuel Makes Up Its Mind, Says No to DraftKings Surcharge Idea
Flutter Entertainment did not take long to mull things over. The company, which is based in Dublin, used the occasion of its earning call to openly state that it would not be implementing a “surcharge,” which was proposed by DraftKings two weeks ago as a way to ease the financial pain in states that collect […]
Legal
August 6, 2024
FanDuel Sued over Alleged Use of Privacy-Violating TikTok Software
FanDuel is facing a lawsuit over its alleged use of privacy-violating software. According to a complaint filed on July 30 in the US District Court for the Central District of California, the leading sports betting operator used software to tracks anonymous users. FanDuel Is Said to Have Leveraged an Illegal Software As reported by NEXT.io, […]
Sports
July 15, 2024
Analyst Highlights the Growing Competition in US Sports Betting
Following the repeal of PASPA in 2018, sports betting expanded exponentially across the United States. To date, close to 40 states offer some form of sports betting and with the expansion of wagering, competition increased. Currently, an overwhelming majority of the market share is held by two leading betting operators, namely FanDuel and DraftKings. Combined, […]
Sports
July 11, 2024
FanDuel Fined for Accepting Bets on Pre-Recorded PFL Fights
FanDuel has been fined $2,000 by New Jersey gambling regulators after taking bets on pre-recorded fights. They were also forced to pay out more than $230,000 in winnings. The incident occurred on April 1 this year when the company accepted wagers on Professional Fighters League (PFL) matches that had taken place a week earlier on […]
Business
July 9, 2024
Wall Street Analysts Bullish on FanDuel and DraftKings’ Long-Term Potential
According to Wall Street analysts, investors are increasingly considering FanDuel and DraftKings as major players in the sports betting and iGaming sectors. FanDuel and DraftKings Lead the Pack in New York’s Sports Betting Market David Katz of Jefferies Equities Research said that FanDuel and DraftKings had been the center of attention for investors, especially in […]
Industry
June 18, 2024
JMP: DraftKings Cannibalized Fanatics’ Market Share in May
Equity research specialist JMP Securities has published its US sports betting report for May, outlining slight market changes. According to the firm, DraftKings’ market share soared that month, although the company was still unable to surpass FanDuel. As data from Indiana, Iowa, Maine, Maryland, New Jersey, New York and Kansas shows, operators recorded a 72% […]
Business
June 12, 2024
FanDuel and DraftKings Retain Dominance, Oust Competitors
Since the repeal of PASPA six years ago, sports betting expanded across the United States. This expansion helped create a healthy and competitive market. Although there are plenty of licensed operators, the unquestionable leaders remain FanDuel and DraftKings. The duo, cumulatively held a 73% handle share in April, according to Truist’s expert analyst Barry Jonas, […]