Fanduel draftkings casino merger

broken image
broken image
broken image

The Flutter-owned company still leads in US online sports betting. The firm wrote in a newsletter on Thursday that the trend has been 'seemingly continuing into September from states that have reported data so far.'įanDuel, meanwhile, has fallen from a Q1 2023 peak of 37% online gambling share. But DraftKings' share has steadily grown steadily since, per the report. Gross gaming revenue, or GGR, is a key industry metric that shows the amount wagered minus the amount paid out to winners.ĭraftKings' ascent comes after the company completed in May 2022 its acquisition of the online casino company Golden Nugget Online Gaming, which helped drive its recent growth spurt.īefore the Golden Nugget deal, DraftKings had briefly dipped below BetMGM in the race for market share with roughly 20% share, according to Eilers & Krejcik Gaming.

broken image

This story is available exclusively to Business InsiderĪnd start reading now. Account icon An icon in the shape of a person's head and shoulders.

broken image