FanDuel Poised to Dominate the Sports Betting Market, Says Analysts

0
59

Recent reports suggest that FanDuel, one of the largest US online sports wagering operator’s market share is growing and poised to continue dominating in the fast internet sports betting market.

According to Daniel Stone, the head of data content at Gambling Compliance, FanDuel’s market share in Indiana, Illinois, Iowa, Michigan, New Jersey, New Hampshire, Pennsylvania, Tennessee, and West Virginia is boosting a leading position in an unfathomable manner.

Gambling Compliance estimated that FanDuel’s online market share would soar to around 50 percent in May this year compared to 36 percent in the same period in 2020. Data from Colorado and Nevada were however excluded despite commanding a significant market share in the states.

As FanDuel continues to gain market share. Flutter Entertainment (OTC: PDYPY) which owns significant shares of FanDuel, is considering separating from its US assets to public investors. Flutter owns 95 FanDuel, with the other 5 percent being held by Boyd Gaming (NYSE: BYD).

Matia Dorta, an analyst at Roundhill Investment, believes that FanDuel will continue to outperform as sports betting continues gearing up to what could become the most bet in football history.

Dorta adds that he will be monitoring whether the operator will be adept in luring bettors on games that include baseball, basketball, and soccer. Dorta also believes that if FanDuel is ardent to attract sticky new customers, it could be poised for a big win in the football season.

LEAVE A REPLY

Please enter your comment!
Please enter your name here