FanDuel

FanDuel

Fantasy sports platform with paid contests

Overview

FanDuel runs a fantasy sports platform where sports fans enter daily or weekly contests to win real cash prizes. Users create fantasy teams made from real players and compete based on those players' actual game statistics. The platform charges entry fees for contests, which is how it makes money, and it provides live scoring updates and player news to improve the experience. What sets FanDuel apart is its large, US-focused presence, a wide range of contest formats, and strong live-updating features that keep users engaged as games happen. The company aims to grow its online gaming and sports entertainment offering by expanding its contest options and audience reach while continuing to provide clear, accessible ways to win cash prizes.

About FanDuel

Simplify's Rating
Why FanDuel is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Consumer Software

Entertainment

Gaming

Company Size

1,001-5,000

Company Stage

Private

Total Funding

$435.9M

Headquarters

New York City, New York

Founded

2009

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Simplify's Take

What believers are saying

  • U.S. sportsbook and iGaming expansion still has room in existing states.
  • Cross-selling from daily fantasy into sportsbook and casino improves monetization.
  • Flutter’s NYSE focus should channel more capital and strategy toward FanDuel.

What critics are saying

  • DraftKings continues pressuring FanDuel’s core sportsbook and fantasy customer base.
  • Amy Howe’s departure disrupts state launches and partner negotiations.
  • State regulators can tighten gambling, advertising, and responsible-gaming rules quickly.

What makes FanDuel unique

  • FanDuel is America’s #1 sportsbook with a broad gaming portfolio.
  • Its products span sportsbook, daily fantasy, online casino, and horse racing.
  • FanDuel TV extends engagement through media like Up & Adams and Run It Back.

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Funding

Total Funding

$435.9M

Above

Industry Average

Funded Over

9 Rounds

Secondary funding comparison data is currently unavailable. We're working to provide this information soon!
Secondary Funding Comparison
Coming Soon

Benefits

From peer-to-peer learning to industry conferences, there are a number of ways to develop your career

From your head to your toes we’ve got you covered with our 100% health insurance coverage

We keep a well-stocked supply of snacks and refreshments to keep you going throughout the day

Flexible hours and vacation scheduling let you work when you’re at your best

We provide the latest tech and equipment, you get the job done

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Yahoo Finance
Jun 12th, 2026
FanDuel owner Flutter to delist from London Stock Exchange on 3 August

Flutter Entertainment will delist from the London Stock Exchange on 3 August, making the New York Stock Exchange its sole primary trading venue. The company's shares will trade on the LSE for the last time on 31 July. The FanDuel owner cited low LSE trading volumes, listing costs and ongoing UK regulatory obligations in its decision. Flutter moved its primary listing from London to New York in 2024, driven by FanDuel's accelerating growth in the US sports betting market, where the company now expects to generate the largest share of its profits. The delisting follows other significant changes at Flutter, including the departure of FanDuel CEO Amy Howe in May after five years leading the brand's expansion from 10 to 26 US states. Flutter carries a market capitalisation of approximately $19 billion.

Yahoo Finance
Jun 8th, 2026
FanDuel cuts hundreds of jobs amid sports betting industry pressures

FanDuel laid off several hundred employees on Friday, affecting roughly 5% of its 5,000-strong workforce. The cuts impacted staff across business development, operations, customer service, social media and engineering departments. In internal emails, executives said the layoffs were necessary to execute long-term strategy but don't reflect financial concerns. The timing contrasts sharply with FanDuel's expensive promotional event in Times Square for the NBA Finals just days later. The redundancies follow previous cuts, including over 100 jobs lost when FanDuel TV was phased out last year. The company also ousted CEO Amy Howe in May after parent company Flutter missed Wall Street expectations. Some former employees suggested the company's spending on influencers and television deals contributed to the cuts.

Yahoo Finance
Jun 8th, 2026
FanDuel cuts hundreds of jobs in third round of layoffs within a year

FanDuel has conducted its third round of layoffs in less than a year, cutting several hundred employees across software engineering, customer service and business development. The cuts affected staff at various levels, including long-serving managers and employees who joined when FanDuel was a daily fantasy sports company. The sportsbook, owned by Flutter Entertainment, employs approximately 5,000 people, suggesting the layoffs represent 5% to 10% of its workforce. Previous rounds occurred in November and March, when FanDuel announced it would sunset its TV network, affecting over 100 employees. CEO Amy Howe departed in May after five years. A FanDuel spokesperson confirmed the restructuring aims to keep the company "agile, focused, and well-positioned" whilst executing its long-term strategy. The cuts reflect broader challenges facing gambling operators, including prediction market competition and pressure to improve profitability.

Yahoo Finance
May 27th, 2026
PokerStars' FanDuel merger boosts US online poker revenue 58% in New Jersey

Flutter's decision to merge PokerStars with FanDuel and introduce interstate pooling across New Jersey, Pennsylvania and Michigan has delivered a significant revenue boost in April, the first full month following the 1 April transition. In Pennsylvania, FanDuel's poker revenue reached $1,034,096 in April, a 47.8% increase over the January-March average. New Jersey saw an even larger jump, with revenue of $769,600 representing a 58% increase over the prior three months, reclaiming the top position from WSOP Online. The move reversed negative year-over-year trends in both states. New Jersey's total online poker revenue rose 11.4% compared to April 2025, whilst Pennsylvania increased 9.7%. However, May's figures will reveal whether this growth stems from promotional offers or represents sustainable interest.

Associated Press
May 13th, 2026
Pennsylvania funds Almond-FanDuel partnership to prevent gambling harm at point of play

Pennsylvania has approved funding to deploy Almond Digital, a gambling harm prevention platform, with FanDuel becoming the first operator to integrate it directly into its responsible gaming programme for Pennsylvania users. The initiative provides no-cost, multilingual, anonymous support for individuals experiencing gambling-related harm. Almond will function as a digital front door, connecting users to licensed in-state treatment providers whilst offering early intervention before financial or mental health consequences escalate. National data show many individuals with gambling-related harm never seek formal treatment. Almond aims to reach this population privately and without stigma, operating within the regulated online gaming environment. The rollout will begin over the coming weeks in partnership with sports wagering services and Pennsylvania universities, representing a coordinated public-private model for consumer protection.

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