FanDuel states play for US sports betting

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The CEO of America’s ‘other’ daily fantasy sports operator says if the Supreme Court opens the door to sports betting in the US, FanDuel wants a piece of the action.

Speaking to Forbes, FanDuel’s boss Matt King said: “This business is around fan engagement and helping fans feel closer to the things they like, and clearly sports betting is one way to help people to do that.

“So it would be very logical for us to get into it. Se have some ideas of how to make that experience better, and one that we feel will resonate with our users.”

FanDuel is one of two duopolies that dominate the DFS market in America. FanDuel has some 6 million registered users at present.

The other, DraftKings, with 8 million users has already stated its aim to transform into a sportsbook company.

The Supreme Court is set to make its decision on PASPA in either May or June this year. A repeal of the federal ban “would mean we would get into sports betting,” King added. “We think we’re uniquely positioned to fulfil that market demand.”

 


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