14 Facts About FanDuel Group

FanDuel Group is an American gambling company that offers sportsbook, daily fantasy sports, horse racing, and online casino.

FanDuel Group operates sportsbooks in a number of states including New Jersey, Pennsylvania, Indiana and West Virginia, as well as an online horse race betting platform, and a daily fantasy sports service.

FanDuel Group was founded by Nigel Eccles, Lesley Eccles, Tom Griffiths, Rob Jones and Chris Stafford on July 21,2009 in Edinburgh, Scotland, as a pivot from Hubdub, a news prediction site, after taking in $1.

On January 30,2013, FanDuel Group announced that it had closed an $11 million Series C funding round.

In July 2015, FanDuel Group announced a Series E funding round of $275 million leading the company to be valued at over a billion dollars.

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In May 2015, FanDuel Group hired 38 of 42 employees that were laid off by Zynga 365 sports.

In September 2015, FanDuel Group acquired the esports focused DFS service AlphaDraft.

FanDuel Group was replaced as CEO by Matt King, who was previously CFO.

In March 2019, a FanDuel Group sportsbook opened at Valley Forge Casino Resort in Pennsylvania.

FanDuel Group offers online sports betting in Indiana, New Jersey, Illinois, Pennsylvania, West Virginia, and New York.

In February 2020, FanDuel Group reached an agreement with Scientific Games to serve as the technology partner for its current and future sports betting operations.

In May 2021, FanDuel Group announced that CEO Matt King would be stepping down after four years with the company.

In November 2018, FanDuel Group announced a multi-year agreement to become a sports betting partner, and official daily fantasy sports partner, of the National Hockey League.

FanDuel Group announced a separate team sponsorship with the NHL's New Jersey Devils the same day, which includes in-arena sponsorship for FanDuel Sportsbook, and brand integration via team platforms.