DraftKings Pulls Ahead of FanDuel
DraftKings Pulls Ahead of FanDuel
Plus: Genius' live streaming and much more on pick'em DFS.
Welcome to your weekly roundup! This week: DraftKings edged ahead of FanDuel, Genius’ live streaming speed and much more on pick’em DFS. Enjoy the start of the NBA season next week. If you liked reading this, please subscribe or share it with a friend. Have a great week!
Market Movers
DraftKings tops FanDuel: DraftKings has topped its rival to become the US market share leader by GGR. In August, DraftKings had 32.5% market share, including sports betting and igaming, while FanDuel had 29.6%. As part of that, DraftKing’s share of revenue in Massachusetts in August jumped to 56% from 49% while FanDuel’s share dropped to 28% from 33%, according to Eilers & Krejcik Gaming.
As Florida Turns: The Florida Supreme Court has given an extension to Gov. Ron DeSantis to respond in the case that will determine the future of sports betting in the state. It’s the latest twist in the ongoing legal battle over DeSantis and the state legislature’s deal with the Seminole Tribe allowing for retail and digital sports betting. The case seeks to invalidate that deal.
Genius’ Streaming Speed?: Genius’ new purported low-latency NFL video stream, which is being tested by Caesars, can run “a play, and sometimes two” plays ahead of the TV broadcast. That could be interesting to operators, if they can manage to integrate it into their apps.
What we’re reading
Pick’em DFS games are under scrutiny, according to a EGR deep dive.
Earnings+More also checks in with a deep analysis of pick’em DFS.
Radar, a geolocation company in retail and food, is expanding into sports betting.
Massachusetts is requiring ESPN Bet to clear hurdles before clearing it to operate.
Esports betting has had a rough month, but it isn’t dead, says Sharpr.
NCAA president Charlie Baker said athletes could be deemed employees—as an apparent effort to avoid federal regulation.
FanDuel is offering users three-month access to NBA League Pass.
Overheard
ESPN BET will become the top U.S. sportsbook, according to one venture capitalist: “I think they have to get there and I think they will get there.”—Wayne Kimmel, managing partner, SeventySix Capital, citing a potential deal with a tech company such as Amazon, Google or Apple that could give it a boost.
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