Fanduel Sportsbook Horse Racing

FanDuel parent company Flutter reported a mere 8% year-on-year drop in US revenues for the four weeks after sports shut down March 15.

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The company said sports revenue fell 46%, but gaming was up 200% in the period.

However, FanDuel suggested the gaming uptick was due to organic growth (via cross-sell) and the launch in Pennsylvania rather than COVID-19. For Q1 as a whole, gaming was up 255% to $33 million.

Horse racing helped to fill FanDuel sports void

The operator’s sports business was also insulated to the pandemic to some extent by the continuation of horse racing across the US.

“Our racing coverage is increasingly being televised on US mainstream channels, introducing our TVG product to a new cohort of potential customers,” the company said.

Fanduel Sportsbook Horse Racing Replays

For comparison, Flutter saw sports revenues drop 65% in its European business, where sports and racing have been called off.

Customer acquisition a strong point

The operator said it acquired 100,000 new US customers since the beginning of the year, bringing total sportsbook customers acquired since launch to over 450,000.

As a result, FanDuel’s online sportsbook continues to lead the wider market, with an approximate 41% market share.

Finally, revenue across the TVG racing and DFS businesses grew 3% year-on-year in the quarter, although no specific figures were given.

Merger with TSG on track for Q2 close

Fanduel Sportsbook Horse Racing Schedule

Elsewhere, Flutter said it secured approval from Irish competition authorities for its tie-up with The Stars Group (TSG).

“We look forward to completing the transaction in Q2 upon receipt of outstanding shareholder and regulatory approvals,” said Flutter CEO Peter Jackson.

TSG also issued a trading update, confirming similar trends to Flutter in its US brands, Fox Bet and PokerStars.

“We have seen increased customer activity across our online poker and casino products, which has so far similarly continued into April, and as such, has also shifted our marketing efforts to support PokerStars,” the company said.

The firm posted a loss of $15 million for Q1, in line with its expectations.

FanDuel Becomes Official Sports Betting, Casino and Horse Racing Partner of “Cousin Sal” and Mush Media Following Launch of Extra Points

NEW YORK, September 2, 2020 — FanDuel Group today announced a strategic partnership designating FanDuel as the exclusive Sports Betting, Casino and Horse Racing Partner of sports gambling aficionado Sal Iacono, more widely known as “Cousin Sal,” and Mush Media. The partnership follows the launch of Cousin Sal’s new website and podcast network, Extra Points, which is focused on his three favorite topics: sports, sports betting and comedy.

Fanduel Sportsbook Horse Racing Betting

FanDuel will be the presenting sponsor and exclusive sports betting partner and odds provider of the new venture’s flagship podcast, Extra Points, and Against All Odds, a popular show formerly on The Ringer. This is in addition to presenting sponsor designations for three additional podcasts launching this week as part of the partnership – Waiver Wired, a fantasy-focused show hosted by Jerry Ferrara and Jen Piacenti, Minus Three, concentrating on Northeast sports and starring Dave Dameshek and Geoff Schwartz and the Lemon Pepper Parlay Podcast, centering around teams in the Midwest, hosted by Rob Parker and T.J. Houshmandzadeh. FanDuel will also collaborate with Cousin Sal on original content for use across FanDuel and Cousin Sal’s channels.

“This exciting collaboration is part of our continued efforts to expand FanDuel’s reach through authentic content partnership,” said Mike Raffensperger, CMO, FanDuel Group. “Sal is a fun, unique content creator who brings a light touch and comedic perspective to the sports gambling market. He has built a large and loyal following as a trusted voice in sports and sports betting for over a decade, which has translated into an exciting new media venture that we are thrilled to be a founding partner of.”

Added Cousin Sal: “From the time I was a very young boy, I always wanted my own promo code. What better way to achieve this goal than by partnering up with FanDuel, the gold standard in daily fantasy and sports gambling? I’m very excited to get started.”

Fanduel Sportsbook Horse Racing Game

Sal first garnered national attention as a writer and “Cousin Sal” personality on his real-life cousin’s show, Jimmy Kimmel Live!. He since became one of the hosts of Fox Sports’ Fox Bet Live and is featured weekly on the Fox NFL Thursday Night Football pregame. For over a decade he also appeared on the Bill Simmons Podcast for their “Guess the Lines” gambling segment.

Fanduel Sportsbook Promo Code

By continuing to expand reach and grow distribution while investing in talent, FanDuel is emerging as the leading media technology and entertainment company in sports. Recent partnerships include a category exclusive Sports Betting, Daily Fantasy Sports, Casino, and Horse Racing Provider for sports media personality and former NFL punter Pat McAfee, and an exclusive Sportsbook, Racing, and Fantasy Sports partnership with The Ringer. FanDuel Group also announced an exclusive content and distribution partnership with SportsGrid, the first 24-hour network dedicated to sports wagering, earlier this summer.