About FanDuel
FanDuel operates a fantasy sports platform where users can join daily and weekly contests to win cash prizes. Participants create fantasy teams by selecting real players from various sports, including football, basketball, and baseball. The performance of these teams is determined by the actual statistics of the players in real games. FanDuel generates revenue through entry fees for these contests and enhances the user experience with features like live scoring updates and player news. Unlike some competitors, FanDuel focuses on the daily and weekly contest format, appealing to sports fans who prefer shorter-term engagement. The company's goal is to provide an engaging and competitive environment for sports enthusiasts in the United States, while also looking to expand its offerings.
Benefits
From peer-to-peer learning to industry conferences, there are a number of ways to develop your career
From your head to your toes we’ve got you covered with our 100% health insurance coverage
We keep a well-stocked supply of snacks and refreshments to keep you going throughout the day
Flexible hours and vacation scheduling let you work when you’re at your best
We provide the latest tech and equipment, you get the job done
Risks
Increased competition in Ontario's iGaming market could dilute FanDuel's market share.
The departure of Andrew Winchell may impact FanDuel's regulatory strategy and influence.
Integration challenges from the BeyondPlay acquisition could distract from FanDuel's core operations.
Differentiation
FanDuel's partnership with the Carolina Panthers enhances its brand visibility and market presence.
The acquisition of BeyondPlay strengthens FanDuel's capabilities in player engagement and iGaming.
FanDuel's 'Kick of Destiny' campaign with the Manning brothers boosts its unique marketing appeal.
Upsides
FanDuel's expansion into North Carolina opens new revenue streams in a growing market.
The rise of micro-betting offers FanDuel opportunities to attract more engaged users.
Collaborations with major sports leagues provide exclusive content, enhancing user experience.
Funding
ACQUISITION
11/30/2020SERIES E
4/30/2016- Episode 1 Ventures
- Comcast Ventures
- SK Ventures
- Raptor Group
- HDS Capital
- Jose Marin
- KKR
- Evolution Media Capital
- BluePointe Ventures
- Bullpen Capital
- M13
- Blisce
- Shamrock Capital Advisors
- Pentech Ventures
- Tusk Ventures
- Greenspring Associates
- Tectonic Capital
- VTF Capital
- Time Warner
- Hercules Capital
- Boyd Gaming Corporation
- Next Play Capital
- NBC Sports Ventures
- Piton Capital