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Business
May 17, 2024
FanDuel Dominates US Market Share in April, JMP Confirms
There are two leading betting and gaming operators that compete for the top spot across the United States. An overwhelming majority of nearly 40 US states offer some form of betting and competition between FanDuel and DraftKings for the top spot has never been greater. Cumulatively, the duo holds a significant share of approximately 80% […]
Industry
April 18, 2024
FanDuel Pushes against Tax Rate Increase in Illinois
Back in February, Illinois Gov. J.B. Pritzker introduced a proposed $52.7 billion state budget. Announcing the budget, the Governor said that it addresses a number of issues while providing funding for important initiatives, including education and economic infrastructure. Gov. Pritzker’s proposed budget included a proposed betting tax increase. Currently, mobile betting is subject to a […]
Industry
April 16, 2024
FanDuel Replaces GambetDC as Washington DC’s Sportsbook
Washington DC’s Office of Lottery and Gaming (OLG) has officially crowned FanDuel as the state’s new sports betting operator. Players in the state can now try out the operator’s new cutting-edge sportsbook app and enjoy enhanced wagering experiences. On April 15, FanDuel officially launched in the US capital, marking a new era for sports betting […]
Business
April 10, 2024
FanDuel Promotes Andrew Gradwell to SVP of Product
FanDuel has reinforced its senior leadership team with a new internal promotion, naming the experienced Andrew Gradwell as its new senior vice president of product. In this position, he will be tasked with leveraging his expertise to oversee the company’s products. Gradwell is no stranger to FanDuel. He joined the company back in December 2020, […]
Sports
April 9, 2024
FanDuel to Debut as Washington DC’s Exclusive Operator in April
In less than a week, on April 15, fantasy and sports betting operator FanDuel will be making its debut in Washington, DC as an exclusive online sportsbook in the district. The news came from the Office of Lottery and Gaming (OLG) which announced FanDuel was expected to take over GambetDC during springtime after it became […]
Industry
April 5, 2024
FanDuel Contemplates Acquisition for Nevada Expansion
Currently, FanDuel and DraftKings are at the helm of sports betting across the US. The two hold a significant share of the betting market and are undoubtedly leaders when it comes to sports betting in many states. Despite their solid presence across the country, neither DraftKings nor FanDuel has a presence in Nevada, the home […]
Industry
April 5, 2024
JPM: FanDuel Targets Future Growth, Regrets Insufficient Past Investments
JMP Securities analysts said that FanDuel regrets not investing more in customer acquisition, according to a NEXT.io report. Representatives of the investment group met with FanDuel executives over dinner, discussing a number of relevant topics. FanDuel Believes It Should Have Invested More in Acquisition As reported, FanDuel’s chief financial officer, David Jennings, and Flutter’s director […]
Sports
April 3, 2024
LSU vs. Iowa Women’s Basketball Matchup Shatters Betting Records
The frenzy surrounding Monday night’s Elite Eight clash between Louisiana State University (LSU) and Iowa transcended beyond the basketball court—it became a monumental event in the realm of sports betting. According to reports, FanDuel revealed that the LSU versus Iowa game marked its most significant betting occasion ever for women’s sports. Record-Breaking Betting Reflects Women’s […]
Business
April 2, 2024
DraftKings Triumphs as “Clear Winner” among Competitors, Says New Survey
Amid the expansion of sports betting across the United States, competition in the sector remains fierce. Currently, close to 40 states offer some form of legal wagering on sports, with most providing options for both retail and online/mobile betting services. With that in mind, each state represents a competition for sports betting operators, despite the […]
Business
March 15, 2024
Analyst Highlights FanDuel’s Impact on Flutter’s Growth
Currently, FanDuel holds a leadership role within the betting and gaming vertical across the United States. The Flutter Entertainment-owned brand continues to enjoy success and expands across the country while growing its customer base. A testament to FanDuel’s success isn’t only the growing player base but its outstanding financial performance which ultimately contributes toward the […]