Nigel Eccles, one of FanDuel’s co-founders, is not surprised to see his old company — he left in 2017 — sitting atop the sports betting app leaderboard along with their old daily fantasy sports (DFS) rival, DraftKings.
“I remember laughing at the time, when people would say Wynn and Caesars are going to dominate, and I was like … no,” he said. “What people don’t understand is online sports betting is a very, very different product than offline casino. Running an offline casino is massively complex, a huge undertaking. I know people who run casinos. It’s incredible. But it’s totally different.”
At least thus far, Eccles has been proven right.
In nearly every state where they both compete, DraftKings and FanDuel combine for over 70% of the market share, according to sports betting revenue and handle data compiled by Sports Handle.
