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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, […]
Industry
June 11, 2024
FanDuel Dominates Virginia Mobile Sports Betting Market
April saw FanDuel solidify its position as the dominant force in Virginia’s mobile sports betting landscape. The leading sportsbook reached another milestone by surpassing $700 million in all-time revenue. Data obtained through a Freedom of Information Act request to the Virginia Lottery revealed that FanDuel continues to lead the market with impressive performance metrics. FanDuel’s […]
Business
June 5, 2024
FanDuel Maintains Leadership Position, Suggests JMP Securities
Within the flourishing legal betting market in the United States, there are two major operators constantly competing for dominance, FanDuel and DraftKings. The two hold an estimated 80% of the legal betting sector in the country, reaffirming their unquestionable leadership position. Now, according to a new report, while competition between the duo continues, FanDuel is […]
Sports
June 5, 2024
FanDuel to Replace Bally’s as Naming Sponsor for Diamond Sports
FanDuel, a leading sports betting company, is close to finalizing a deal that would give it the naming rights for 18 regional sports networks owned by Diamond Sports Group. In this multi-year pact, FanDuel will replace the current Bally’s name with its branding which could lead to dramatic shifts across various sectors of broadcasting. FanDuel […]
