FanDuel generated $4.9 million (£3.8 million/€4.5 million) in revenue during its first full month as the official sports wagering platform for the Washington DC Office of Lottery and Gaming (OLG).

In May, the first complete month of its operation in Washington DC, FanDuel reported handling $29.7 million in bets. This figure represents a staggering 450.0% increase compared to the $5.4 million wagered in the same month last year under the previous operator, GambetDC. Players won a total of $24.9 million from their bets with FanDuel last month.

FanDuel officially commenced its role in DC on April 15, following the OLG’s transition from Intralot-run GambetDC, which had been its long-term partner for sports betting.

The $4.9 million generated by FanDuel this May significantly surpasses the $711,282 reported by GambetDC in the same month the previous year. Revenue is calculated by subtracting player winnings from the total bets placed during the month.

Interestingly, the amount generated and wagered with FanDuel exceeds that of all operators combined for any previous month in DC. Other operators active in the DC market include BetMGM and Caesars Entertainment. Last month, the OLG released figures for FanDuel’s first 30 days of operation in Washington, DC, showing $5.0 million in revenue.

The Status of GambetDC in May

While GambetDC has lost its online presence in DC, the brand maintained a minor presence in the market through its kiosks. In May, these kiosks generated $189,095 in revenue from $898,671 in wagers. Players won approximately $709,576 from betting via the GambetDC kiosks.

The future of these kiosks remains uncertain. FanDuel has already announced plans to replace betting kiosks at 63 lottery retailers across DC, indicating that GambetDC’s presence may be short-lived. Although the GambetDC app is still accessible, players can no longer place bets on sports. Existing customers have until October 15 to withdraw any remaining funds from the platform.

GambetDC has faced challenges in DC for several years, with Intralot, its contracted partner, struggling to deliver a competitive product. Consequently, it was no surprise when the OLG approved a request from Intralot to subcontract online sports betting to FanDuel, which allowed FanDuel to launch in DC shortly thereafter.

Beyond the increase in wagers and revenue, the partnership with FanDuel brings additional benefits to the OLG. These include eliminating operating expenses, which previously ranged between $2.0 million and $4.0 million annually. Now, FanDuel manages payment processing, promotions, marketing, and retailer commissions.

Potential for a More Open DC Market

Transferring control to FanDuel might be the initial step towards opening DC to more operators and increasing competition.

On June 12, the DC Council approved the FY2025 budget, which includes the Sports Wagering Amendment Act of 2024. The council unanimously passed the budget during a legislative meeting, with a second vote expected as early as next week.

For a comprehensive overview of the hearing, including details on a defeated amendment that aimed to eliminate the new sports betting plan, click here for the latest from Jill R. Dorson.

Source: “DC betting handle rockets 450% in FanDuel’s first full month”. iGaming Business. June 13, 2024.

The post FanDuel Surpasses Expectations with $4.9M Revenue in First Month in DC appeared first on Keno Wizard.

The leading online gaming and sports entertainment company in North America, FanDuel Group, announced an important partnership with the popular casino content creator, Vegas Matt. Details regarding the new collaboration emerged Thursday. Under the terms of the new agreement, Matt will help promote FanDuel Casino, focusing not only on its quality offers but also highlighting the importance of responsible gambling.

Designated as an Ambassador under the terms of the new exclusive deal, Matt will deliver content that underlines the features of FanDuel Casino. He will engage in different activations, including giveaways, streams and even educational sessions on responsible play.

As an Ambassador for the fast-growing online casino, Matt will deliver exclusive content via digital channels, including his YouTube, Facebook, Instagram and TikTok accounts. He will play an important role by promoting Responsible Gaming content and encouraging the use of the wide range of tools offered by FanDuel. Additionally, under the terms of the new collaboration, Matt will participate in different exclusive events for FanDuel customers.

Lauded as the fastest-growing online casino, FanDuel Casino is currently available in five US states, including Michigan, Pennsylvania, New Jersey, Connecticut and West Virginia. Promising exceptional experiences and supreme entertainment, the online casino wrapped up a successful 2023 having observed 5% growth year-over-year in the states where it operates. This marked the best result out of any competitor within the iGaming vertical in those jurisdictions. Now, thanks to the new exclusive agreement with Vegas Matt, FanDuel Casino anticipates engaging with new customers.

The Content Creator Is Excited to Team up with FanDuel Casino

Daniele Phillips, FanDuel Casino’s VP of brand strategy, predicted that the new exclusive deal with Vegas Matt can help engage with new audiences. She explained that Matt is a skillful creator of content with a range of followers. Phillips added that the new Ambassador will highlight some of the benefits FanDuel Casino offers. Finally, she said: “Vegas Matt will help us reach new audiences and provide them with engaging casino content available on our platform.”

“I couldn’t be more excited to partner with FanDuel Casino. I look forward to introducing our amazing audience to FanDuel Casino and showcasing the games people can play that range from Slots to Blackjack, Roulette, and so forth available on their platform.“

Vegas Matt, Ambassador for FanDuel Casino

Matt was similarly thrilled, outlining that it is exciting to team up with FanDuel Casino. He confirmed plans to help promote FanDuel casino and showcase the range of its quality features and exciting games. Finally, Matt said it would be delighting to show customers how to enjoy games responsibly.

The post Vegas Matt Becomes Ambassador for FanDuel Casino appeared first on Keno Wizard.

FanDuel, a North American online gambling powerhouse, unveiled a $1 million donation supporting the United Negro College Fund (UNCF). The money, according to the announcement, will help the latter organization build a robust and nationally recognized pipeline for under-represented students.

UNCF is the nation’s largest and most effective minority education organization and helps young people from under-represented communities become highly qualified college graduates. The organization will use FanDuel’s money to provide financial support to students at 10 Historically Black Colleges and Universities (HBCUs) across Ohio.

This is notably FanDuel’s third donation to the UNCF in three years. Previously, the gambling company provided similar donations to support UNCF’s initiatives in Virginia and Maryland.

The donation will see the organization provide direct aid to help students in a variety of areas. This will notably include technology, housing, food security, tuition and other education-related expenses, the announcement says. In addition, FanDuel will work with the philanthropic organization to recruit students from the schools to join its internship program.

According to the announcement, FanDuel’s decision to support UNCF’s efforts in Ohio celebrates the one-year anniversary of the launch of mobile sports betting in The Buckeye State.

For reference, the 10 colleges that will benefit from the donations include the following:

• Case Western University
• Central State University
• Chamberlain University
• Franklin University
• Herzing University-Akron
• Ohio State University-Newark Campus
• Union Institute & University
• Ursuline College
• Wilberforce University
• University of Cincinnati-Blue Ash College

UNCF Thanked FanDuel for Its Support

Maurice E. Jenkins, UNCF’s executive vice president and chief fundraising officer, praised FanDuel’s ongoing support, saying that his team truly appreciates the gambling company’s backing. He added that financial and academic support like this is what makes a real difference for HBCUs and their students.

We look forward to continuing our partnership; students benefit so much from internship opportunities.

Maurice E. Jenkins, EVP & CFO, UNCF

FanDuel’s president, Christian Genetski, also commented on the matter, saying that his team continues to strive to make a positive impact in the communities in which the company operates.

As we reflect on our first year of operation in Ohio, we’re proud to continue our partnership with UNCF to support the HBCU community in the state and look forward to supporting hard-working students at institutions across Ohio.

Christian Genetski, president, FanDuel

In other news, FanDuel recently launched a new campaign featuring the NFL star Rob Gronkowski.

The post FanDuel Celebrates a Year of Mobile Betting in Ohio, Donates $1M to UNCF appeared first on Keno Wizard.

Documents obtained through a freedom of information request have exposed attempts by one of the United States’ largest online gambling operators to weaken rules aimed at protecting young and vulnerable individuals and addressing problem gambling.

FanDuel, owned by the Dublin-based gambling giant Flutter Entertainment, allegedly lobbied against a proposed ban on specific words and phrases that could attract potential problem gamblers to their platforms.

Problem-Gambling Advocates Slam “Industry Hypocrisy”

New York, the nation’s largest gambling market with over $2.1 billion wagered last month, has become a battleground for operators seeking dominance in the lucrative industry since the legalization surge following the US Supreme Court’s 2018 decision.

The documents reveal FanDuel’s objections to proposed sports-betting advertising rules, particularly opposing restrictions on ads near college campuses where the legal age for gambling is 21. The company argued against a ban on using certain keywords to attract potential problem gamblers, claiming the rule was impractical and subjective, as reported by The Guardian.

Advocates for greater problem-gambling support expressed concern over the apparent hypocrisy of gambling companies that initially supported regulations before legalization but now seem intent on weakening them. 

Brianne Doura-Schawohl, a problem gambling lobbyist, stated that the industry is using responsible gambling practices to legalize markets but attempts to overturn regulations when influencing them.

FanDuel Calls Rules Subjective and Impractical in Real World Environment

FanDuel, which has not commented yet, has previously declared its commitment to player protection and promoting healthy gambling habits.

However, in a memo dated September 27, the New York State Gaming Commission’s general counsel, Edmund Burns, outlined FanDuel’s objections to rules prohibiting the use of keywords to attract potential problem gamblers. The company argued that the rule was subjective and impractical, likening it to a liquor store not being able to advertise to potential alcoholics.

Another contentious point was FanDuel’s objection to a ban on advertising near college campuses, arguing that the language was vague and could include unaffiliated residential and commercial areas nearby. The commission’s staff defended the ban, citing the need to prevent predatory marketing from reaching underage students.

The documents also revealed objections to rules for the fantasy sports market, with FanDuel opposing measures holding operators strictly liable for allowing prohibited individuals, such as minors, to use their platforms. The company also sought the removal of a rule requiring compulsive-gambling assistance messages in advertisements.

These revelations have sparked concerns among advocates and industry observers, highlighting the need for continued scrutiny and regulation to ensure the protection of consumers, particularly those vulnerable to problem gambling.

The post FanDuel Accused of Lobbying against Gambling Protections for the Vulnerable appeared first on Keno Wizard.

Genius Sports, a leading sports data and technology provider, has expanded its existing agreement with sports betting giant FanDuel. Under the new arrangement, the former company will supply “America’s #1 sportsbook” with its transformative BetVision streaming solution.

BetVision was introduced earlier this year, revolutionizing NFL betting by combining streaming and betting to create immersive wagering experiences. Under the new deal, FanDuel will add BetVision to its premium NFL offering.

Thanks to the integration, FanDuel will enhance the sports viewing experience for its mobile consumers. The addition of BetVision into FanDuel’s sportsbook will allow fans to watch data-packed NFL games without leaving the app.

At the same time, Genius Sports, which continues to serve as the exclusive distributor of NFL Official League Data, will continue to provide FanDuel with access to NFL’s Next Gen Stats data and the official sports wagering data feed.

Genius Sports and FanDuel plan to integrate BetVision’s other key features in the future, including integrated betting odds, in-game betting alerts, data-driven augmentations and the ability to place bets without exiting the video player.

BetVision was originally launched in September, quickly proving itself as a tool that efficiently increases in-game wagers, customer engagement and retention rates. At the same time, BetVision supplies sportsbook customers with unparalleled customization options.

BetVision Will Improve the Fan Experience

Mike Raffensperger, FanDuel’s chief commercial officer, commented on the expanded agreement, saying that his team is always looking for ways to improve the betting experience for fans. According to Raffensperger, the partnership is in line with that goal:

Partnering with Genius will allow us to pair our industry-leading product with access to BetVision to build a seamless live betting experience for fans.

Mike Raffensperger, CCO, FanDuel

In the meantime, Mark Locke, Genius Sports’ chief executive officer, expressed his excitement about the tie-up with FanDuel. He said that his team is proud to “lead a new era of sports betting experiences” in the NA region.

With heightened demand for greater personalization and interactivity, BetVision revolutionizes the live betting experience for FanDuel’s customers by helping to drive fan engagement and accelerate the growth of in-game betting.

Mark Locke, CEO, Genius Sports

In other news, Genius Sports just published its Q3 results. Confident in its performance, the company raised its FY guidance and now expects revenue of $412.0 million and group adjusted EBITDA of $53.0 million.

The post Genius Sports Integrates BetVision into FanDuel appeared first on Keno Wizard.

The leading sports-tech entertainment company, FanDuel Group, announced the launch of two new features, strengthening significantly its basketball offerings. The company said Thursday that it introduced its new product innovation called “The Pulse” along with a new feature called NBA League Pass.

The new NBA League Pass feature builds upon FanDuel’s successful partnership with the National Basketball Association (NBA). Previously, the sportsbook was named the official sports betting partner of the Association. Ultimately, the new features seek to elevate the experiences for basketball fans and bettors alike, offering options for wagering on out-of-market games as well as betting on key moments in real-time.

Between October 19 and October 26, new users will be able to access three complimentary months of NBA League Pass as well as $200 in Bonus Bets as long as they register and place a $5 wager. NBA League Pass can also be accessed by existing customers of the sportsbook that wager $5 on the NBA. Basketball fans who are currently a part of the NBA’s global membership program, NBA ID, can tap into exciting unique benefits, FanDuel explained. The latest announcement designated FanDuel as the only US betting operator that offers NBA League Pass.

The Sportsbook Is Committed to Offering Unrivaled Experiences

In addition to NBA League Pass, the betting operator uncovered details regarding its new curated experience, The Pulse. According to FanDuel, the new feature is available via its homepage icon Live Now for some of the most popular basketball games. “As the action unfolds, new bets will be added to the feed in a narrative-driven format, offering fans a simple and streamlined path to discover what is happening in a game in real-time,” reveals FanDuel. This innovative feature is expected to further propel the experiences for basketball fans and bettors alike, granting them more betting options.

“FanDuel is committed to offering the top sportsbook product on the market and elevating the entertainment experience for fans this NBA season.“

Mike Raffensperger, chief commercial officer at FanDuel

Mike Raffensperger, FanDuel’s chief commercial officer, explained that the company remains committed to offering unrivaled experiences thanks to its new products for fans of basketball. He explained that FanDuel is thrilled to leverage its successful partnership with the NBA and deliver unique moments and entertaining experiences for basketball fans.

The post FanDuel and NBA Partner for Three Months of NBA League Pass appeared first on Keno Wizard.

FanDuel Casino is working with IGT and the company’s Cleopatra game to now usher in a new era of Egyptian-themed fun with Fort Knox Cleopatra, the derivative and exclusive title that has been added to the casino’s own shopping windows and is designed to celebrate the feeling of victory.

A Campaign Designed to Celebrate the Feeling of Victory

The game is exclusively available at the casino thanks to IGT PlayDigital and it is designed to bring fresh experiences for players. This move coincides with the arrival of the new ad campaign that seeks to help players find more ways to win, including through a 50 free spin bonus when signing up and making their first deposit.

Commenting on these new initiatives, FanDuel VP of brand strategy Daniele Phillips said that FanDuel Casino was all about celebrating the feeling of victory.

“Our latest campaign doubles down on how the feeling of winning outranks all else from successfully avoiding your neighbor to catching your car keys in one hand,” Phillips added. Pete Lefebvre, creative director at Mischief @ No Fixed Address, the creative agency behind FanDuel Casino’s latest marketing campaign, said that there was no feeling quite like winning.

The Fort Knox Cleopatra game is plenty of fun as well, as it features a progressive jackpot mechanic that is brand new and has the opportunity to trigger hefty winnings.

Designing a Unique Game with Plenty of Winning Options

There is The Cleopatra Bonus as well as the newly-introduced Fort Knox Bonus, which players can trigger by hitting three Sphinx Scatter Symbols and activating the 15 free spins.

During this round, all winnings are tripled. FanDuel Casino managing director Asaf Noifeld said that creating and adding great games was a top priority for the company and the arrival of IGT PlayDigital’s Fort Knox Cleopatra was a clear step in that direction.

The game was also welcomed by Gil Rotem, IGT president of gaming, who said that it was thrilling to have an exclusive title. “As FanDuel Casino continues to grow, we look forward to bringing Fort Knox Cleopatra to new and existing players,” Rotem added.

The post FanDuel Introduces Exclusive Fort Knox Cleopatra with IGT’s Help appeared first on Keno Wizard.

The National Association for Stock Car Auto Racing (NASCAR) has unveiled partnerships with nVenue and FanDuel.

nVenue to Seve as NASCAR’s Micro-Betting Data and Tech Provider

Under the first agreement, nVenue, an innovative micro-betting tech company, will become NASCAR’s official micro-betting data and tech provider. The pairing of NASCAR’s commitment to innovation and nVenue’s tech expertise has poised the partnership for a resounding success, the official announcement reads.

As the association’s micro-betting partner, nVenue will work with the league to design and develop in-race odds. The data will then be delivered to motorsports fans through sportsbooks and gambling operators.

In-race markets will include innovative betting windows like stage results, qualifying and pit-road betting opportunities, among others. Fans will thus have tons of new ways to engage with NASCAR races.

NASCAR’s managing director of sports betting, Joe Solosky, said that the collaboration “epitomizes a shared vision to entertain fans and enhance the race viewing experience.”

nVenue’s co-founder and CEO, Kelly Pracht, called the partnership a “terrific match.” She believes that this unprecedented partnership will benefit the NASCAR as a whole.

We predict this industry-first collaboration will be significantly beneficial not only for sportsbooks and media, but also for NASCAR’s base of knowledgeable, and new fans.

Kelly Pracht, co-founder & CEO, nVenue

FanDuel Becomes an Authorized Betting Operator

In the meantime, FanDuel will serve as an authorized gaming operator of NASCAR. The operator has thus secured the right to use NASCAR branding and will work with the association to create and promote engaging betting experiences, including odds integration into NASCAR’s fantasy platform.

FanDuel also hired FOX analyst and racing icon Clint Bowyer as an ambassador and will work with him on a variety of NASCAR-related activations.

Solosky shared his thoughts on this deal as well, saying:

Partnering with FanDuel, a best-in-class sports gaming company and iconic brand in the space, is a huge win for NASCAR and its fans.

Joe Solosky, MD of sports betting, NASCAR

Solosky added that his team is thrilled to join forces with FanDuel and deliver engagement opportunities to fans.

FanDuel’s vice president of strategic partnerships, Clifton Ma, also commented on the matter. Ma said that he sees a huge potential in NASCAR betting offerings, which is why FanDuel is committed to engaging its fans with more motorsport action.

We’re thrilled to partner with the premier racing organization in North America and continue to grow its presence in the sports gaming space.

Clifton Ma, VP of strategic partnerships, FanDuel

In other news, FanDuel just inaugurated PPA Tour Betting in North America.

The post NASCAR Inks Betting Partnerships with nVenue and FanDuel appeared first on Keno Wizard.

The Professional Pickleball Association (PPA) Tour has now become the first pickleball organization to join the sports betting hype and launch wagering markets. The FanDuel Sportsbook, one of the biggest operators in North America, has inaugurated the markets, becoming the first company to offer official data-powered markets and live video feeds on pickleball.

According to the announcement, FanDuel’s PPA Tour offerings will be available in 10 US states and one Canadian province. Bettors in those regions will be able to wager on a variety of events, including the Vulcan Kansas City Open, which starts today.

FanDuel will offer a number of markets, including match winners, correct match scores, total points (over/under) and head-to-head. At the same time, the PPA Tour will work together with Genius Sports to provide data and live video feeds to its partnering sportsbooks.

In the meantime, FanDuel collaborated with YouTube for a special NFL promotion.

The PPA Tour hopes that more sportsbooks will add pickleball markets once the discipline secures regulatory approval in additional states.

In line with the launch of betting markets, PPA Tour athletes and staff are now subject to the Tour Sports Betting and Integrity Policy and were required to complete a digital learning platform on integrity and player wellbeing. Sportradar assisted the tour in creating the platform and its Sports Betting and Integrity Policy.

The PPA Tour promised that it will make sure that all customers who opt to wager on the league will also have access to sufficient safer gambling tools.

The Launch of Betting Is an Important Moment for Pickleball

Connor Pardoe, PPA Tour’s founder and CEO, commented on the launch of betting markets, calling it a “monumental moment” for the association and the sport as a whole. Pardoe expressed his excitement, saying that he is glad that more and more people wish to watch pickleball and bet on matches.

Our venture into sports betting will bring a whole new level of engagement from current and new fans, and we continue to be excited for what the future holds for our sport.

Connor Pardoe, founder & CEO, PPA Tour

Sean Conroy, Genius Sport’s executive vice president, North America, also released a statement on the launch. He said that his team is excited to launch pickleball content, helping sportsbooks engage fans of the sport.

We’re excited to offer sportsbooks with valuable new content including low-latency video feeds on PPA Tour events, starting with this weekend’s Vulcan Kansas City Open.

Sean Conroy, EVP NA, Genius Sports

Speaking of Genius Sports, the company recently extended its partnership with the NFL and DFB.

The post FanDuel Inaugurates PPA Tour Betting in North America appeared first on Keno Wizard.

FanDuel, a prominent online gaming company in North America, has revealed plans to enhance its golf betting offerings through the integration of IMG ARENA’s Golf Event Centre into its Sportsbook platform. 

FanDuel’s Integration of Golf Event Centre Set to Transform Betting Experience

Scheduled to commence on August 10, the integration of the Golf Event Centre promises to revolutionize the golf betting experience for enthusiasts. With a special focus on the FedEx St. Jude Championship, FanDuel intends to provide bettors with a 25% profit boost on any live market bets made during the tournament. This initiative is intended to celebrate the launch and attract bettors to experience the new features.

Christian Genetski, president of FanDuel Group, expressed enthusiasm for the integration, stating: “By integrating IMG ARENA’s Golf Event Centre into our sportsbook platform, we can offer fans access to a robust catalog of live markets that will give them new ways to engage with the sport on every hole.”

The integration of the Golf Event Centre will introduce golf fans to an array of fresh live betting markets, including wagers on elements like closest-to-the-pin, longest drive, and the number of birdies. Additionally, the platform will feature exciting stroke-by-stroke bets that allow fans to immerse themselves in the tournament’s progression. An intriguing addition at the FedEx St. Jude Championship is the inclusion of a bunker shot challenge, where fans who present a bet slip can take a bunker shot for the chance to win $5,000 in Bonus Bets.

FanDuel Enhances PGA Tour Engagement with Advanced Data Visualization

Moreover, the Golf Event Centre will provide fans with advanced data visualization tools, enabling real-time shot tracking, hole profiles, and course maps. This feature will empower fans to make informed betting decisions during key PGA Tour events, enhancing their engagement with the sport. A live leaderboard, customizable to track the performance of favorite players hole by hole, will further enrich the experience for FanDuel customers.

Scott Warfield, vice president of gaming at the PGA Tour, acknowledged the significance of the development, stating: “Integrating the Golf Event Centre into FanDuel Sportsbook will be a massive win for golf fans, who will now have a robust offering of betting options to choose from as they tune in to see their favorite players and tournaments.”

FanDuel‘s remarkable revenue growth during the first quarter of 2023, with a 92% increase on an annual basis and a 147% surge in sportsbook revenue, suggests that the company is moving closer to achieving long-awaited profitability, benefitting from its strong presence and 50% market share in the US regulated betting market.

In other recent developments, FanDuel also renewed its collaboration with Women’s Tennis Association. The company further boosted the experience and security of its users by partnering with Prove Identity and enhanced its responsible gambling efforts by hiring Alison Kutler as FanDuel Group’s Vice President for Sustainability and Responsible Gaming.

The post PGA Tour and FanDuel Team Up for Live Golf Betting appeared first on Keno Wizard.