FanDuel's revenue last year?

[Enfuego]

$14M.

This year? $57.2M. Over 1 million paid actives on the site.

 

[PatsFan1283]

They would sell for over a half billion right now. I said 200m in a post on this site like a week ago but I was way off.

I asked someone I knew with a better idea of it than me and he said probably more like 600.

 

[doubledeuce22]

Part of me hates these guys because they're legal and sports betting isn't.. But the fact they are legal should help get sports legal in the next few years..

 

[joebatters]

That's pretty amazing..how long have they been around?

 

[PatsFan1283]

Part of me hates these guys because they're legal and sports betting isn't.. But the fact they are legal should help get sports legal in the next few years..

This is true. The leagues see how much this drives interest in their sport and now they wanna open all the floodgates once they get a taste on what legalized "gambling" looks like.

Silver's comments the beginning of that.

I'm not sure if anyone saw it on TV but the DraftKings advertisement was all over the Broncos stadium Sunday. Jumbotron, scoreboards that go around the stadium....

 

[PatsFan1283]

That's pretty amazing..how long have they been around?

FD been around a little while actually, since like '09. DraftKings just started in 2012 though which makes their growth even more remarkable. They were founded by the guy who founded VistaPrint.

 

[joebatters]

FD been around a little while actually, since like '09. DraftKings just started in 2012 though which makes their growth even more remarkable. They were founded by the guy who founded VistaPrint.

ty:toast:

 

[Enfuego]

FanDuel brought in $370 million in entry fees over the last 3 months, $621 million on the year. Total revenue to company: $57.2M.

 

[Defying]

wow


wow wow

 

[SECplayer]

FanDuel brought in $370 million in entry fees over the last 3 months, $621 million on the year. Total revenue to company: $57.2M.

Good info. Did they release what their profit was on the $57 million? They're still young and have enough investment capital that they might not be that worried about profits right now but was curious.

 

[Mr_Mark]

wow


wow wow

+1

 

[FairWarning]

I'm surprised more gamblers dont play fanduel

 

[Enfuego]

I'm surprised more gamblers dont play fanduel

I've been playing it for a few months now. Think it's really difficult.

 

[Vlad the Impaler]

Nothing proprietary about it. Why don't others knock it off?

 

[TyBounce]

I wonder how many employees they have.

 

[LoCalDallasGuy]

How much revenue you think they would lose if sports betting become legal? I think you have to consider that when you value that company.

 

[LoCalDallasGuy]

I've been playing it for a few months now. Think it's really difficult.

I think it is a luck box and have quit playing it.

I rather wager on sports then to do fan duel and I think that the people who are playing are stat geeks or people who can't find a local lol.

 

[PatsFan1283]

Nothing proprietary about it. Why don't others knock it off?

Barrier to entry isn't nearly as low as you think. You need tons of financial backing to be able to advertise and continue to put on the big guaranteed prize pool tournaments to lure people in. When these don't fill you have to eat the overlay which can get expensive as your site is growing.

It's kinda like saying "Oh I wish I thought of Facebook!"

Big difference between an idea and implimenting it

 

[beefdiesel]

I have an account and its better than fantasy football you play for the year IMO, each week you choose a new team...I love it

57 mil profit? Thats awesome, sure wish I would have thought of it myself

they take 10% just like a bookie does

 

[SECplayer]

I have an account and its better than fantasy football you play for the year IMO, each week you choose a new team...I love it

57 mil profit? Thats awesome, sure wish I would have thought of it myself

they take 10% just like a bookie does

The $57 million was revenue. Not profit.