DraftKings and FanDuel are in a league of their own with no other sports betting operators close, Barry Jonas of Truist said in a Tuesday note.
The two leaders hold a combined ~73% handle share through April in 2024, compared to 72% for all of 2023. FanDuel, at 38% share, maintains its lead over DraftKings at 36% handle share.
The report then jumps to ‘tier three’ for the next batch of operators, which included BetMGM, Caesars and Penn‘s ESPN Bet.
“Note that we skipped ‘tier two’ – we don’t think any operator in the space qualifies for that standing with white space between DKNG/FanDuel and others,” Jonas said.
