DraftKings vs FanDuel: Market Share and Revenue Comparison
DraftKings and FanDuel dominate the North American sports betting market, holding a combined 68% share. DraftKings reports significant revenue growth alongside continued net losses.
Sports betting operators DraftKings and FanDuel continue their substantial competition in the North American market, collectively holding a 68% market share. This dominance highlights their leading positions in the industry.
DraftKings has demonstrated strong revenue growth, increasing from $226 million in 2018 to $4.767 billion in 2024. Despite this financial expansion, the company has consistently reported net losses throughout the period. Its active user base grew to 4.8 million in 2024, more than doubling in three years, with app downloads reaching 9.9 million in the same year.
FanDuel's figures from 2019 to 2023 also show significant expansion, with revenue climbing from $490 million to $4.84 billion in 2023. In 2023 alone, FanDuel users wagered a total of $40.3 billion. The number of active users reached 3.8 million by 2023, and the app saw 9.5 million downloads. FanDuel operates as a subsidiary of Flutter Entertainment.
In terms of market share, FanDuel holds 43% of the U.S. betting market, while DraftKings holds 25%. Other competitors, including BetMGM at 10% and Caesars at 8%, trail behind. The ongoing rivalry between DraftKings and FanDuel is frequently measured across various statistics and performance metrics.