Fanduel Sportsbook Update
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— Agreement Brings In-App Highlights Directly to Customers in Real-Time — New York, NY — January 26, 2021 — Today, FanDuel Group announced they will begin providing real-time highlights of PGA TOUR golf events to FanDuel Sportsbook app users. “We’re… Continue Reading →
First Ever Market Access Partnership with a NFL Team New York, NY. – January 25, 2021 – FanDuel Group and the Washington Football Team announced the first-ever market access partnership between a National Football League team and an online sports… Continue Reading →
America’s #1 Sportsbook to Debut Alongside Casino in Partnership with MotorCity Casino New York, NY. – January 22, 2021 – Today, FanDuel Group, in collaboration with MotorCity Casino, launched a fully integrated, real money online gaming experience for residents and… Continue Reading →
“Saint Chuck” Will Start the Season of Giving by Delivering More than $30 Million in Presents to FanDuel Customers New York, NY. – December 21, 2020 – Today, FanDuel Group announced an exclusive content deal with Sports Emmy Award-winning analyst… Continue Reading →
The Detroit Pistons and FanDuel Group today announced a multi-year partnership with FanDuel Group, making FanDuel an official sports betting partner of the Pistons. In addition to the use of official Pistons marks and logos, FanDuel Group will gain access… Continue Reading →
Illinois Racetrack to be Rebranded as FanDuel Sportsbook and Horse Racing Iconic Nearly Century Old Landmark to be Modernized as Driver of Regional Economy $250,000 St. Louis Derby to Return for First Time Since 2006 Collinsville, IL. – November 16,… Continue Reading →
With Sports Betting Now Available in Tennessee, Grizzlies Sign its First Sports Betting Deal Deal Marks FanDuel’s First NBA Team Sports Betting Partnership NEW YORK & MEMPHIS, TN – November 2, 2020 — Today, the Memphis Grizzlies and FanDuel Group… Continue Reading →
Fanduel Sportsbook Updates
Pro and College Football Legend Eddie George to Make A Bet in Tennessee New York, NY. – October 30, 2020 – FanDuel Group, the premier online gaming company in the United States, will launch its FanDuel Sportsbook app and online… Continue Reading →
Temporary Location Set to Open By End of the Year with Permanent Sportsbook Set for 2021 October 29, 2020 – FanDuel Group and Twin River Worldwide Holdings’ (TRWH: NYSE) announced plans for the debut of a FanDuel Sportsbook inside Bally’s… Continue Reading →
America’s #1 Sportsbook Coming to Audi Field in 2021 WASHINGTON, D.C. (October 27, 2020) – Today, D.C. United and FanDuel Group, the premier online gaming company in the United States, announced a multi-year partnership designating FanDuel the exclusive sports betting… Continue Reading →
FanDuel is claiming dominance over the sports betting industry by way of a Q3 Trading Update posted Thursday by parent company Flutter.
According to the update, FanDuel Sportsbook now handles a whopping 46% of market share in the online sports betting world, thanks in part to its customer acquisition. According to the report, FanDuel now has 1.8 million active users. This includes 450,000 new users since the beginning of Q3 in July.
FanDuel’s customer acquisition has been a huge area of importance since the sportsbook launched in 2019.
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“We are pleased with FanDuel Group’s third quarter performance, which demonstrates our strong growth trajectory here in the U.S.,” said Matt King, Chief Executive Officer of FanDuel Group. “We remain laser focused on expanding our sportsbook operations into new states, driving increased customer acquisition, building long-term brand loyalty and identifying strategic media partnerships and product innovations that allow us to continue as America’s #1 sportsbook.”
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FanDuel Seeks Untouched Territory To Continue Growth
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FanDuel showing growth in Q3 is not surprising given the fact that we had NFL, MLB, NBA, and NHL all running simultaneously for the first time. What is surprising however is the amount of growth we have seen and where it can go.
Taking into account the fact that sports betting is legal in 18 states, with Maryland, Louisiana, and South Dakota also recently voting in favor. As states continue to open their doors to sports betting, FanDuel is poised to continue leading the way for sports betting across the nation.
Flutter CEO Peter Jackson has his eyes on these states to open the gates to sports betting as well. In the report Jackson said, “We were pleased to see legislative momentum continue with the passage of sports betting referenda in both Louisiana and Maryland on November 3rd”
In today’s report, FanDuel further detailed its purported superiority over its competition, citing three major markets as examples:
- Only operator of the high-margin “Same-Game Parlay” for the NFL, MLB, and NBA.
- Greatest variety of betting options; including NBA in-play markets 3x more than competitors as well as superior MLB player “prop betting”
- Lowest market suspension during NFL in-play markets.
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FanDuel is obviously extremely confident in its product, and that confidence is reaffirmed by its strong Q3 report. Flutter has taken notice by upping their investment in the sports betting leader. They intend to raise their EBITDA loss in the US to account for increased customer volumes.