In the third quarter of 2022, and for the fifth straight quarter, the online sportsbook market share for the combined forces of the Big Two — FanDuel and DraftKings — and the Next-Biggest Three — BetMGM, Caesars, and Barstool — grew.
It was 92.4% in Q3 2022, according to research compiled by Vixio. To compare, the number was a still-huge 87.9% in the third quarter of 2021, and that was up from an all-time low of 75.2% in Q3 of 2020.
FanDuel is doing the heavy lifting here, with about 40% of the market share, and, truth be told, Caesars and Barstool only grab about 4% each, but they’ve clearly been growing month by month, so why not include them here?
The upshot of all this is there are nothing but scraps for the rest, to the tune of 7.6% of the market (and shrinking).
