When FanDuel launched in 2009 it was originally a daily fantasy sports site, offering sports bettors a new way to play fantasy sports. In 2018, the company launched its sportsbook with a massive existing user base.
FanDuel Sportsbook is now legal in 23 different states, including Pennsylvania. New users in PA can take advantage of a very solid sign-up bonus. PA sports bettors who create a new account through the month of July will receive 10 times the amount of their first wager in up to $200 worth of bonus funds, even if that first bet cashes.
FanDuel Sportsbook & DraftKings
FanDuel’s largest competitor in the DFS space has always been DraftKings and not much has changed. The two dominated the DFS landscape prior to legal sports betting, combining for an estimated 90% of all players nationwide. In 2016, they merged to create what was eventually considered a monopoly within the industry.
Less than a year later, the Federal Trade Commission led the charge to disband the two powerhouses, forcing them to terminate their deal. They immediately became competitors once more and carried that rivalry into the sports betting world a few years later in 2018.
FanDuel Sportsbook History
It didn’t take long for FanDuel to enter the “sportsbook wars” that began that year. Within a month of the Supreme Court’s repeal of PASPA, a European betting company known as Paddy Power Betfair acquired FanDuel and all its properties, housing them under title the FanDuel Group. The FanDuel Group opened its first retail sportsbook in New Jersey just a few months later.
Since then, FanDuel has grown into the most profitable asset in Paddy’s portfolio, currently wielding more than 12 million customers.