FanDuel

FanDuel

Fantasy sports platform for cash prizes

About FanDuel

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

Industries

Entertainment

Gaming

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$4.6B

Headquarters

New York City, New York

Founded

2009

Overview

FanDuel operates a fantasy sports platform where users can join daily and weekly contests to win cash prizes. Participants create fantasy teams by selecting real players from various sports, including football, basketball, and baseball, and their teams earn points based on the actual performance of these players in games. FanDuel generates revenue through entry fees for these contests and enhances the user experience with features like live scoring updates and player news. Unlike some competitors, FanDuel focuses on the daily and weekly contest format, appealing to sports fans who prefer shorter-term engagement. The company's goal is to provide an engaging platform for sports enthusiasts in the United States, while it continues to explore opportunities for expansion.

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Simplify's Take

What believers are saying

  • FanDuel's expansion into Puerto Rico opens new market opportunities in the Caribbean.
  • The rise of micro-betting could significantly boost FanDuel's revenue streams.
  • AI integration can enhance personalized user experiences, improving customer retention.

What critics are saying

  • Increased competition from new entrants like Soft2Bet may impact FanDuel's market share.
  • Regulatory challenges may arise from Andrew Winchell's departure to join Betr.
  • Operational challenges in Puerto Rico could slow down FanDuel's market penetration.

What makes FanDuel unique

  • FanDuel offers unique parlay features for college basketball tournaments, enhancing user engagement.
  • The Bet Back Token allows users to reclaim bets, providing a safety net for bettors.
  • FanDuel's partnership with the Carolina Panthers strengthens its brand presence in North Carolina.

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Funding

Total Funding

$4635.9M

Above

Industry Average

Funded Over

6 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition 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

1%

2 year growth

1%
Finsmes
Apr 15th, 2025
Michigan’S Online Casino Industry: A Model For Regulated Digital Gambling In The U.S.

Online gambling is booming in Michigan, with no signs of slowing down. In 2023 alone, the state generated $1.92 billion in online casino receipts, positioning itself as a national leader in digital gambling.It even surpassed long-standing front-runners like New Jersey and Pennsylvania, once considered the gold standard for online gaming success.Michigan’s approach to online casino regulation has paid off. This article explores how the state built its thriving industry, highlights its major achievements, and considers what other states can take away from its model as they navigate online casino legalization.Michigan’s Journey to Dominating Online GamblingMichigan was a relative latecomer to online casino gaming, launching in January 2021. But it quickly achieved something remarkable. Within just three years, Michigan became the nation’s largest market for online gambling receipts, surpassing even New Jersey’s well-established industry.Michigan’s success didn’t happen by chance. Several key factors contributed to its rapid rise in the online gambling space.1

Pocket Gamer
Mar 16th, 2025
Company Spotlight: Worldwinner

Stay InformedGet Industry News In Your Inbox…Sign Up Today. Company Name:. WorldWinner

PR Newswire
Mar 14th, 2025
Fanduel Unveils New Product Enhancements To Offer Customers Unparalleled Flexibility In Time For March Basketball

Exclusive new features include an exclusive ability to combine picks from multiple tournament rounds into one parlay and a new Bet Back Promotional TokenNEW YORK, March 14, 2025 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced new industry-first product innovations in time for the March college basketball tournament, including an exclusive tournament feature that allows customers to combine picks across multiple rounds into a single parlay and a new Bet Back Token that allows customers to get out of a bet if it is not going to plan. The Bet Back Token will be available for use on any college basketball game beginning March 17, and customers can also begin building their tournament parlays once the bracket is set on Sunday, March 16.College basketball fans can now stack bracket predictions into a single parlay and finally Bet their Bracket. Only available on FanDuel, customers can enjoy more flexibility and combine multiple tournament bets into one parlay, including teams to reach the round of 16, win their region and cut down the nets. This marks the first time customers can build parlays that include bets from multiple rounds of the tournament, allowing customers to transform their brackets into bets. FanDuel is the only sportsbook offering this way of building a parlay for the men's basketball tournament.The new Bet Back Token is a first-of-its-kind reward that gives FanDuel customers the option to get their wager back in Bonus Bets if it is not going to plan. The token comes in handy when a leg of a parlay is trending poorly, there is a player injury or if the customer's team is way down with just minutes remaining

PR Newswire
Jan 16th, 2025
Fanduel Brings America'S #1 Sportsbook To Puerto Rico

Sports fans in Puerto Rico can head to the FanDuel Sportsbook retail location in San Juan to register with FanDuelNEW YORK, Jan. 16, 2025 /PRNewswire/ -- FanDuel, North America's premier online gaming company, announced the availability of FanDuel Sportsbook within Puerto Rico and the opening of a new retail sportsbook in partnership with CAGE Puerto Rico II ("CAGE Sports") at #53 Edificio El Caribe, Calle Palmeras in San Juan.Registration and New Customer OffersPuerto Rican residents who are at least 18 years of age can visit the FanDuel Sportsbook in partnership with CAGE Sports in San Juan to register with FanDuel and set up an account. Tourists and visitors can register as well and enjoy placing bets during their stay. Customers must sign up in-person at the retail location to use the FanDuel Sportsbook app. Once registered and validated, customers who make their first wager of at least $5 will receive $200 in Bonus Bets. Bonus Bets can be used to bet on college basketball, NBA, NFL, MLB, NHL, MMA, golf, boxing, soccer and more.America's #1 SportsbookThe FanDuel Sportsbook app is simple, secure and convenient and offers a best-in-class platform with features for both new and experienced bettors, including:Customer Focused : FanDuel Sportsbook offers safe and secure banking, lightning-fast payouts, a Cash-Out early feature and 24/7 customer service.: FanDuel Sportsbook offers safe and secure banking, lightning-fast payouts, a Cash-Out early feature and 24/7 customer service

PR Newswire
Jan 10th, 2025
Peyton Manning And Eli Manning Face Off Live At Super Bowl Lix In Fanduel'S "Kick Of Destiny 3" Campaign

FanDuel customers can make a free pick in the FanDuel Sportsbook app on which Manning they think will win a live field goal competition for a chance to win a share of $10 million in Bonus BetsNEW YORK, Jan. 10, 2025 /PRNewswire/ -- FanDuel, North America's premier online gaming company and an Official Sports Betting Partner of the National Football League, announced that Peyton Manning and Eli Manning, both two-time Super Bowl Champions, will compete head-to-head on Super Bowl Sunday for the first time in their legendary careers as they face off at Super Bowl LIX in the next installment of the Kick of Destiny. In FanDuel's "Kick of Destiny 3," the Manning brothers will have to win with their legs instead of their arms in a kicking competition where they will both attempt field goals live in New Orleans on Super Bowl Sunday

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FanDuel is Hiring for 118 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update FanDuel's jobs every few hours, so check again soon! Browse all jobs →

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