Betting on sports in the US continues to grow rapidly, and FanDuel sports betting is far out in front of even their closest competition. In June of this year, the company occupied over a 40% share of American sports wagers. Their nearest rival, DraftKings, had just a 23% share during that same time.
FanDuel’s, which was founded in 2009, now has a 42% share of the market, which is actually a 35% increase when compared to months before. So what has propelled the company to such new heights? Their acquisition by Irish bookmaker Flutter Entertainment.
Now, according to estimates from Bloomberg, the annual revenue of Flutter is anticipated to double this year,reaching nearly $2 billion. Their CEO, Peter Jackson, has stated that the company is “…operating on a completely different level to anyone else in the US”.
In regard to FanDuel sports betting, he added that “We’ve got momentum, and we have a huge amount of revenue. A lot of other people are almost in startup mode”.