Key Facts About FanDuel and Sports Betting | FanDuel Inc.

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Fast Facts

This page combines industry data, research, and FanDuel insights to explain the realities of modern sports betting.

We believe transparency starts with understanding our approach. FanDuel’s goal is to provide customers with a fun way to connect more deeply with the sports and teams they care about.

At FanDuel, we’re all about making sports more fun and interactive—bringing the same energy of being at a live game right to fans. We’re always looking for new ways to help people connect with their favorite teams and events while encouraging healthy play habits along the way.

$5

Median Bet Size on Sportsbook

$6 Billion

FanDuel Paid in State Taxes

$140 Million

Flutter invested in Responsible Gaming

How do legal sports betting markets compare to unregulated ones?

Legal, regulated markets are designed to be safer, more transparent, and more accountable than unregulated alternatives—while also generating tax revenue for states.

In regulated markets such as FanDuel, there are:

Built-in consumer protections, including secure access to funds and RG tools
Anti-money laundering and compliance protocol, including geolocation tech
Meaningful tax revenue benefits that support public programs

Unregulated markets don’t offer these safeguards, transparency, or economic benefits.

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How much do people typically spend on sports betting?

For most customers, sports betting is a discretionary form of entertainment. Only about 7% of households are bettors and average deposits are around $102 per quarter (less than 1% of income), like the cost of a ticket to a basketball game or concert.

On FanDuel:

The average Same Game Parlay bet is about $14
90% of Same Game Parlays are $30 or less and 60% are $5 or less
The average Sportsbook customer deposits less than once a week

Spending on gambling has stayed consistent as a share of total consumer spending, according to the Progressive Policy Institute. This suggests households aren’t dedicating a larger portion of their budgets to it over time.

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What steps has FanDuel taken to prevent underage users from accessing its platform?

Creating a FanDuel account is like creating a bank account. Users need to supply their name, date of birth and a social security number. Additionally, all customers must complete a thorough identity verification process.

FanDuel has a zero-tolerance policy for underage gambling. We use monitoring tools to detect potential account misuse or signs of underage gambling, and immediately close accounts found to be used for underage or proxy betting, reporting cases to law enforcement or regulators as required.

Through our Trusted Voices initiative, we also provide resources for parents, teachers, and coaches to have informed conversations with teens about the risks of gambling.

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Does FanDuel use algorithms to serve customers with bets they should place?

No. FanDuel does not use algorithms to recommend specific bets or tell customers what they should wager on.

Our algorithms help us understand platform activity, anticipate seasonal trends, and most importantly, identify potential responsible gaming concerns so we can provide appropriate support.

Our technology is designed to protect customers and enhance their experience—not to influence their betting decisions.

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How does FanDuel identify customers who exhibit signs of problem play?

FanDuel offers an array of player tools that empower customers to set their own limits and alerts to help prevent harm before it occurs.

Beyond these self-management features, we use machine learning and risk scoring to monitor behavioral patterns like unusual deposits, excessive time on site, chasing losses, and concerning customer service interactions.

Once flagged, individuals are reviewed manually by a team of trained professionals who have set criteria to determine if a customer is at risk of gambling harm.

Depending on the result of the review, customers may be given RG education, have limits placed on their account, or be excluded from FanDuel entirely. We also connect at-risk customers to free mental health resources through partners like Kindbridge Behavioral Services.

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How does sports betting impact a state’s financial health?

Overall, sports betting functions as a form of entertainment that contributes to state economies. Legalized markets have added an estimated $12.4 billion to GDP from 2019 to 2024. Legal sports betting also generates tax revenue for states, which can be directed toward public services such as education and local community development.

At the same time, legalization shifts activity into regulated markets, which improves transparency and supports job creation in related industries.

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How does sports betting advertising compare to other industries?

Sports betting ads make up a relatively small—and shrinking—share of overall advertising. Ad volume has actually declined 9% year-over-year and is now nearly 50% lower than in 2021.

For every sports betting ad on TV, there are:

More than 4 telecom ads
Around 39 pharmaceutical ads

More Frequently Asked Questions

What is FanDuel?

FanDuel is the premier mobile gaming company in the U.S., with a lineup that includes FanDuel Sportsbook, FanDuel Casino, FanDuel Racing, and our daily fantasy sports product. We also bring fans live sports and original shows through FanDuel TV, our widely distributed cable network.

Learn more about the history here.

What is Flutter?

Flutter is the global leader in sports betting and iGaming, including the U.S. As the parent company of some of the world’s biggest and most popular gaming brands—including FanDuel—Flutter uses its massive scale and bold mindset to push the industry forward and make it better for every user.

Is FanDuel stock available?

FanDuel is part of Flutter Entertainment, the world's largest sports betting and gaming operator. Flutter is home to a portfolio of globally recognized brands and traded on the New York Stock Exchange (NYSE: FLUT).

How did online sports betting become legal?

The Professional and Amateur Sports Protection Act (PASPA) was a federal law passed in 1992 that largely banned sports betting in the U.S., with a few exceptions for states that already had some form of it.

In 2012, New Jersey challenged PASPA, arguing it violated states’ rights. This case went to the U.S. Supreme Court, and in May 2018, the Court ruled in Murphy v. NCAA that PASPA was unconstitutional because it overstepped federal authority.

The decision didn’t automatically make sports betting legal everywhere, but it gave states the power to decide for themselves. Since then, a regulated and taxed industry has emerged, generating billions in state revenue and, for the first time, introducing various protections for consumers.

Where does FanDuel operate?

Click here to see an overview of which FanDuel products are available in each state.

How old do you have to be to use FanDuel?

FanDuel requires players to be 21+ in all U.S. markets, except in the District of Columbia, Kentucky, Puerto Rico, Wyoming, and Alberta, where the minimum age is 18. In Ontario, the legal gambling age is 19.

How does FanDuel set its odds?

FanDuel has a global risk and trading team that manages the odds across its market-leading sportsbook product. The team leverages a combination of individual expertise, statistical models, real-time data, and analytics.

Does FanDuel operate within a regulated industry?

Yes. Legal sportsbooks and online casinos are regulated state by state in the U.S. FanDuel must earn a license in every state it operates and follow regulations to keep products safe and compliant.

How does FanDuel verify customers' identity, age, and location?

Before customers can place a bet, FanDuel verifies their identity through its Know Your Customer (KYC) process using information such as a government-issued ID, address, phone number, and other identifying details.

FanDuel also partners with GeoComply to verify that customers are located within jurisdictions where its products are legally available.

How does FanDuel help prevent fraud and financial crime?

Like banks and other financial institutions, online gaming operators must follow federal Anti-Money Laundering (AML), including the Bank Secrecy Act. FanDuel verifies customer identities, monitors account activity, tracks sources of funds, files Suspicious Activity Reports, conducts annual audits, and trains employees to spot red flags.

When serious criminal activity is detected, FanDuel not only files Suspicious Activity Reports with the federal government and suspends customer accounts as needed, but also notifies law enforcement.

FanDuel stays engaged with the industry through AML conferences and webinars to stay on top of best practices and keep customers safe.

What is RG (Responsible Gaming)?

Responsible Gaming (RG) refers to policies, practices, and tools designed to ensure that gambling and sports betting remain safe, enjoyable entertainment activities while preventing problem gambling and protecting vulnerable individuals.

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Key Facts About FanDuel and Sports Betting | FanDuel Inc.