FanDuel
FanDuel operates a leading U.S. online sports betting platform (FanDuel Sportsbook) and FanDuel Racing (formerly TVG), an advanced deposit horse racing wagering service streaming live from 300+ global racetracks with a unified wallet across sportsbook, casino, and racing.
- Company typePrivate
- Founded1925
- HeadquartersCollinsville, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What FanDuel does
FanDuel is a major U.S. digital sports wagering and fantasy sports platform that operates two principal products: FanDuel Sportsbook, an online sports betting platform covering major U.S. sports leagues and events, and FanDuel Racing (formerly TVG), an advanced deposit wagering (ADW) platform for horse racing that streams live coverage from more than 300 racetracks globally, publishes real-time odds, and supports integrated betting workflows. The product surface is mobile-first and direct-to-consumer, targeting individual sports bettors, with a unified wallet spanning sportsbook, casino, and racing that allows seamless cross-product fund management.
FanDuel firmographics
Firmographics- Name
- FanDuel
- Website
- https://fairmountpark.com
- Company type
- Private
- Founded year
- 1925
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- FanDuel operates a leading U.S. online sports betting platform (FanDuel Sportsbook) and FanDuel Racing (formerly TVG), an advanced deposit horse racing wagering service streaming live from 300+ global racetracks with a unified wallet across sportsbook, casino, and racing.
- Ownership category
- akta.pro rank
FanDuel industry classification
Industry- Product category
- Online Sports Betting
- NAICS
- Racetracks (711212), Casinos (except Casino Hotels) (713210), Gambling Industries (7132)
- SIC
- Services-Racing, Including Track Operation (7948)
- akta.pro primary industry
- Online Horse Racing Betting (Advance Deposit Wagering/ADW) (MPAEADAD)
Keywords
Where FanDuel is headquartered
LocationHeadquarters
- HQ city
- Collinsville
- HQ country
- United States
- HQ region
- North America
Markets served
FanDuel business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Marketing or Sales, Technology or R&D, Operations, Personnel
Revenue model
- Horse Racing Wagering: FanDuel Racing handles one of the largest advanced deposit wagering operations in the country, generating revenue through betting transactions on horse racing
- Cross-Product Integration: Unified wallet system across sportsbook and casino products enabling cross-product revenue generation
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Standard Signup Offer |
| Freemium | Pay-as-you-go | Kentucky Derby Promotional Offer |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
FanDuel product offering
Product offeringCore offering
FanDuel operates an online sports betting and horse racing wagering platform. FanDuel Sportsbook allows users to wager on a wide range of professional sporting events, while FanDuel Racing (formerly TVG) is an advanced deposit wagering platform that streams live coverage from over 300 racetracks globally and provides integrated betting and real-time odds. Both products share a unified wallet system enabling cross-product fund management.
Product overview
FanDuel operates a multi-product entertainment platform centered on sports wagering. Its core offerings include FanDuel Sportsbook (online sports betting across major U.S. sports leagues) and FanDuel Racing (formerly TVG, an advanced deposit wagering platform for horse racing). FanDuel Racing streams live coverage from over 300 racetracks globally, provides integrated betting and real-time odds, and shares a unified wallet system with the sportsbook and casino products.
Differentiator
Problem solved
Functional benefit
Products and services
- FanDuel Sportsbook Online sports betting platform allowing users to wager on a wide range of sporting events, including NBA playoffs, horse racing, and other professional sports. Targets individual US sports bettors via a mobile-first interface.
- FanDuel Racing (formerly TVG)
Companies that use FanDuel
Customer profileSegments1 record
Ideal customer profiles1 record
FanDuel technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
FanDuel partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- TVGcoreTVG operates as part of the FanDuel Racing platform, with technical issues on Kentucky Derby day affecting both TVG and FanDuel Racing platforms simultaneously. TVG is the predecessor brand of FanDuel Racing, now integrated into the FanDuel ecosystem.
Scale indicators3 records
Recent moves4 records
Expansion highlights4 records
FanDuel competitors and assessment
Company assessmentDirect peers
- BetMGM: Major U.S. online sportsbook and casino operator backed by MGM Resorts and Entain. Competes directly with FanDuel on sports wagering and iGaming, with overlapping promotional and customer-acquisition channels.
- Xpressbet: Advance deposit wagering platform owned by XB Net, offering online horse racing betting in the U.S. Direct ADW competitor to FanDuel Racing (formerly TVG) with overlapping bettor demographics.
- DraftKings: Direct competitor to FanDuel across U.S. online sportsbook, iGaming, and adjacent betting verticals including horse racing ADW via DK Horse. Operates a unified wallet across products similar to FanDuel.
- 1/ST Racing (The Stronach Group): Operator of major North American horse racing tracks (Santa Anita, Gulfstream Park, etc.) and the 1/ST BET ADW platform. Directly comparable racetrack operator and ADW competitor.
- Caesars Sportsbook: National sportsbook and casino brand from Caesars Entertainment, competing with FanDuel across online sports betting and integrated retail casino experiences in jurisdictions where both operate.
Broad incumbents
- Penn Entertainment: Regional casino operator with ESPN BET digital sportsbook and horse racing interests (e.g., Hollywood Casino at The Meadows, Retama Park). Comparable mix of regional casino footprint and national digital betting.
- Boyd Gaming: Regional casino operator with FanDuel sportsbook partnership in select states. Comparable regional gaming footprint and exposure to Illinois via property holdings.
- Churchill Downs Incorporated: Owner of the Kentucky Derby and operator of multiple horse racing tracks, HRM (historical race wagering), and retail casinos. Directly comparable horse racing venue operator and content licensor for ADW platforms.
- Flutter Entertainment (FanDuel parent): Parent of FanDuel Group, which includes FanDuel Sportsbook, Casino, and Racing. Sets the strategic and capital allocation context for the racing/ADW business being analyzed.
Regional players
- Rivers Casino (Rush Street Gaming): Regional casino and BetRivers sportsbook operator with Illinois presence. Comparable regional Illinois gaming footprint and competing local draw for casino and sports wagering customers in the St. Louis/Collinsville area.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks4 records
Key highlights5 records
Customer concentration
FanDuel social profiles
Digital presenceFanDuel financial estimates
Financial estimateRevenue estimate
Valuation estimate
FanDuel leadership team
Management profileNumber of profiles
FanDuel funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FanDuel M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FanDuel
What does FanDuel do?
FanDuel operates an online sports betting and horse racing wagering platform. FanDuel Sportsbook allows users to wager on a wide range of professional sporting events, while FanDuel Racing (formerly TVG) is an advanced deposit wagering platform that streams live coverage from over 300 racetracks globally and provides integrated betting and real-time odds. Both products share a unified wallet system enabling cross-product fund management.
Is FanDuel a public or private company?
FanDuel is a private company. It is classified as unknown and is currently operating.
When was FanDuel founded?
FanDuel was founded in 1925. It employs 1,001 to 5,000 people.
Where is FanDuel based?
FanDuel is headquartered in Collinsville, United States, in the North America region.
How does FanDuel make money?
Two revenue lines are on record. Horse Racing Wagering is the primary driver. The others are cross-Product Integration.
Who are FanDuel's main competitors?
Direct peers on record are BetMGM, Xpressbet, DraftKings, 1/ST Racing (The Stronach Group) and Caesars Sportsbook. Broad incumbents are Penn Entertainment, Boyd Gaming, Churchill Downs Incorporated and Flutter Entertainment (FanDuel parent). Rivers Casino (Rush Street Gaming) is listed as a regional player.
Does FanDuel have an API?
No public API is recorded for FanDuel.
What industry is FanDuel in?
FanDuel's product category is Online Sports Betting. Its primary akta.pro industry code is MPAEADAD, Online Horse Racing Betting (Advance Deposit Wagering/ADW). Its NAICS code is 711212 and its SIC code is 7948.