FanDuel Backed Team USA Before The WWC Quarterfinals, Paid Out All Bets

FanDuel Sportsbook decided to cough up $400,000 in early payouts that Team USA would win the Women’s World Cup before the team even played the quarterfinals

So much for the sweat.

FanDuel’s sportsbook paid out Women’s World Cup futures bets made on the U.S. Women’s soccer team before its quarterfinal game with France even began.

FD paid out $400,000 in bets for its customers

Thursday FanDuel announced that all online customers in New Jersey who made futures bet on the U.S. women’s team to win the World Cup were getting paid out early. The site doled out a total of $400,000 before the game kicked off. The U.S. eventually won 2-1.

“We are paying out our customers early so they can just enjoy the game and not worry about advancing,” said Director of Risk and Trading for FanDuel Group John Sheeran. “All across America fans are supporting Team USA and showing their excitement at home, at work, and on social media. So we wanted to share our Team USA excitement and pride with our customers.”

News release cites good vibes from NJ sports betting triumph

FanDuel also cited the exciting news that New Jersey beat Nevada in total sports betting handle during the month of May.

According to Legal Sports Report, New Jersey took in $318.9 million in sports betting handle in May, while Nevada had a total of $317.3 million. It was a big victory for the state that became the trendsetter in the sports betting movement pushing across the country.

New Jersey will likely beat Nevada again in the near future. And with Pennsylvania’s population and sports betting growth, the Keystone State could be tops someday as well.

FanDuel’s move should generate more WWC action

The generosity and publicity surrounding FanDuel’s Sportsbook will likely lead to some increased action on the Women’s World Cup.

The United States will now take on England at 3 p.m. Tuesday in the World Cup semifinals in France.

FanDuel’s Sportsbook currently has the U.S. as -115 and England as +320. There are a number of other betting options available beyond the moneylines as well.

The sports betting lines at the newly-launched  Rivers online site and Parx online site are very similar.

The other Women’s World Cup semifinal will feature Sweden (+210) vs. the Netherlands (+130) at 3 p.m. on Wednesday.

Heading into last Thursday’s game, Team USA was responsible for 85% of the bets and 90% of the handle in World Cup futures bets at the FanDuel Sportsbook.

The U.S. is now listed as -130 to win the World Cup. Futures bets made after last week’s announcement do not qualify for an early payout from FanDuel.

FanDuel has been donating for every U.S. goal

In addition its early payout, the FanDuel Group has also celebrated Team USA by donating  $10,000 to the Women’s Sports Foundation (WSF) and an additional $1,000 for every goal Team USA scores in the World Cup.

The WSF is a powerful voice, catalyst, and convener dedicated to ensuring all girls and women have equal access to sports and physical activity, and the tremendous life-long benefits they provide.

PA Fantasy Sports Keep On Chugging, But At A Slower Pace Than Sportsbooks

We knew FanDuel and DraftKings would lead the fantasy field in May, but the numbers do give us new insight into year-over-year performances.

FanDuel and DraftKings are living large and clearly in charge of Pennsylvania’s fantasy sports revenue.

The Pennsylvania Gaming Control Board (PGCB) released fantasy sports revenue for May 2019. These numbers show a net revenue of $1,803,056, which is an increase of 35% from May 2018.

Of note, in May, PGCB released the first full fiscal year of collected tax revenues for fantasy sports. May’s report marks the first opportunity to compare fantasy sports revenue from year-to-year.

FanDuel and DraftKings on top as usual

Again, no surprises here.

FanDuel and DraftKings are still the kings of PA fantasy sports. Combined, they account for $1,773,501 or 98% of the total revenue, taking the lion’s share of the market.

In third place, DRAFT netted $18,001, a downright paltry sum compared to the eye-popping numbers that FanDuel and DraftKings generate.

Of note, Yahoo Fantasy Sports’ revenue soared when comparing the year-on-year increase by 91% or $8,463 from $4,430.

FanDuel trending onward and upward

Quite possibly, FanDuel will continue to outearn DraftKings in fantasy sports revenues.

In April, PGCB reported for the first time that FanDuel surged ahead of DraftKings in entry fees for a single month. Tracked revenue showed gains of $961,867 versus $845,533. 

This month, the trend continues with FanDuel leading the way with $960,155 compared to DraftKings’ $813,346.

At any rate, it is possible that players are more comfortable with FanDuel’s brand name recognition. FanDuel’s partnership with the Valley Forge Casino Resort makes it the only daily fantasy sports operator in PA to partner with a casino.

In addition, FanDuel is the only operator ready to launch an online sportsbook in PA sometime this summer.

PA sports betting reigns supreme

In comparison, sports betting yields much more in tax revenue than daily fantasy sports.

For example, in May, the Keystone State collected $2.8 million in tax revenue alone from sports betting. Daily fantasy sports only yielded $270,458.

At least partially, the difference in revenue is attributed to the tax rate. Sports betting is taxed at 36% while daily fantasy sports are taxed at 15%.

However, sports betting revenues will only continue to rise with the impending launching of online sports betting apps.

Recently, PlaySugarHouse.com launched in Pennsylvania as the first online sports betting app. In just four days and with a limited release due to not being available in the Apple Store, it still generated $573,163.

Below, compare the year-to-year Pennsylvania fantasy contests revenue which is up 35% in May.

Fantasy Contest OperatorMay 2019May 2018% Change
Statewide Total$1,803,056$1,331,70635.39%
FanDuel$960,155$673,01442.66%
DraftKings$813,346$632,00928.69%
Yahoo Fantasy Sports$8,463$4,43091.01%
Draft$18,001$16,9925.94%
Fantasy Draft$1,176$2,500-52.95%
Sportshub Technologies$1,012$1,591-36.37%
Boom Fantasy$903$8516.04%
FastPick.com*$0$319--

*FastPick.com stopped providing fantasy contest in Pennsylvania in July 2018

FanDuel Catching Up On DraftKings In The PA Fantasy Sports Race

DraftKings and FanDuel continue to dominate fantasy sports in PA, but FanDuel is gaining ground and might unseat the top dog by year’s end.

It’s a two-horse race and it has been for some time.

The Pennsylvania Gaming Control Board (PGCB) recently released the fantasy contest revenue numbers from March. As expected, DraftKings and FanDuel’s revenue accounted for more than 95 percent of the bottom line.

Of note is a considerable surge in FanDuel’s revenue report.

Breaking down the March PA DFS numbers

DraftKings’ reported revenue for March was $864,702.58. FanDuel was second at $736,340.40.

What’s interesting about these numbers is that FanDuel closed the gap considerably.

In February, the company was approximately $284,000 behind DraftKings. However, in March, the gap was around $128,000. FanDuel cut its competitors lead by more than half. Perhaps brand awareness tied to the launch of FanDuel Sportsbook at Valley Forge Casino helped boost the numbers?

Among the group considered “the rest”, there was significant movement month-on-month. For example, Boom Fantasy produced the lowest revenue in February at $2,151.45. The site, however, vaulted into third place in March because four other sites relied on fantasy football and experienced steep declines.

DRAFT‘s fantasy contests eclipsed $20,000 for the third month in a row this year. Their March revenue put them ahead of Yahoo Fantasy Sports.

2019 fantasy contest revenue peaked in January

Overall, the state’s fantasy contest sites/apps experienced a decline in monthly revenue compared to January. That month, the NFL playoffs were in full swing. Along with a full slate of NBA and NHL games, sites enjoyed solid revenue, notching more than $2.1 million.

By contrast, sites saw around a 23 percent decline in revenue from January to March. Much of that decline is due to certain sites’ reliance on fantasy football.

For example, Fantasy Football Players Championship did not report any income in March. However, in February, the company reported $47,744.12, which was around $23,000 more than DRAFT and around $38,000 more than Yahoo Fantasy Sports. This is likely because the company’s product is constructed around season-long fantasy leagues.

Another factor in the income decline was Fantasy Draft. The platform reported revenue of more than $4,000 in January and more than $5,800 in February. In March, though, the company operated at a loss of more than $700.

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Looking back to the PA fantasy contest launch

Fantasy contests launched in Pennsylvania in May 2018. At that time, 10 companies submitted revenue reports. FanDuel earned the most revenue that month, edging out DraftKings.

The only company on that original revenue report not present in any of the 2019 reports was Fastpick.

Revenue-wise, the 10 operators listed on the revenue report combined for $1.33 million. Now, nearly one year later, the revenue report is $1.63 million.

PA fantasy contests stalling?

The lack of growth isn’t troubling, per se, but does make one wonder why more DFS-style fantasy sites aren’t operating in Pennsylvania. Market saturation could be a factor, as could be the sheer dominance DraftKings and FanDuel exert on the market.

Furthermore, fantasy contests aren’t exactly a lucrative year-round proposition for some operators. For example, in January, two companies reported less than $5,000 in revenue.

In February, another two companies reported less than $5,o00 and in March, five companies did. One, Fantasy Draft, even reported losses of $727 last month.

Good JuJu Vs. Bad Juju: FanDuel Taking Bets for Smith-Schuster vs. AB

FanDuel Sportsbook is offering fan service for Steelers Nation. PA bettors can wager on whether or not JuJu Smith-Schuster will outperform Antonio Brown.

Antonio Brown gave the world a lesson in how to burn bridges.

Now, oddsmakers at FanDuel Sportsbook at Valley Forge Casino are giving you the chance to make prop bets on whether the new Oakland Raiders will shine brighter than his protege, JuJu Smith-Schuster, this upcoming 2019 NFL season.

“There have been plenty of shots fired between former teammates JuJu Smith Schuster and Antonio Brown over the last week and no doubt each will be trying to outperform the other this season to prove a point,” said FanDuel rep Marc Sausa said in an email statement about the novel lines. 

The beef between AB and JuJu

On his way out of Pittsburgh this offseason, Brown made it clear he was not happy with Steelers management or quarterback Ben Roethlisberger.

The front office underpaid Brown, he claimed, and Big Ben was a negative presence in the locker room, so much so that Brown left a practice leading up to the final game of the 2018 season.

And, recently, Brown took jabs at now-#1 wideout Smith-Schuster.

In a tweet timestamped 2:10 p.m., April 7, Brown ripped into his younger counterpart. He referenced Smith-Schuster’s costly fumble in the Steeler’s must-win game against the New Orleans Saints in Week 17.

Smith-Schuster fired back with his own tweet, taking the high road by saying:

“All I ever did was show that man love and respect from the moment I got to the league. I was genuinely happy for him too when he got traded to Oakland w/a big contract, and how he takes shots at me on social media?”

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The prop bets between AB and JuJu

This feud is now the stuff of legends and the basis for FanDuel’s pair of futures bets. One pits the two against each other in TD’s and the other in receiving yards:

  • More touchdowns
    • Antonio Brown: -220
    • JuJu Smith-Schuster: +175
  • More Yards
    • Antonio Brown: -140
    • Juju Smith-Schuster: +115

Based on these odds, Brown is the favorite to score more touchdowns and rack up more yards.

Interestingly, though, the two receivers were relatively evenly matched in 2018 when it came to catches and yards:

  • JuJu: 15 games, 111 catches, 1,426 yards, 7 touchdowns
  • AB: 15 games, 104 receptions, 1,297 yards, 15 TD’s.

Smith-Schuster enjoys the luxury of a high-powered offense that includes running back James Conner and a legendary QB.

While AB is now the star in a relatively pedestrian audience, he brings with him an uncanny ability to haul in TD’s. He’s logged double-digit touchdowns in four of his past five seasons.

Interestingly, Smith-Schuster posted career highs in his third season. His numbers exceeded what AB put up in his third season in the league.

Both JuJu and AB were playing behind stars (AB, Mike Wallace) and emerged as a star in their own right.

If you’d like to place a prop bet on these two wideouts, you can do so in person at Valley Forge Casino. Or, if it is easier, you can always pop over the New Jersey state line and take advantage of FanDuel’s online betting app there.

For PA Fantasy Operators, Baseball Season Can’t Come Soon Enough

With only the Super Bowl on the schedule in February, PA fantasy sports numbers predictably decline with the end of football season.

Just like the average fan, Pennsylvania’s fantasy sports revenues seemed to be missing football in February.

The Pennsylvania Gaming Control Board (PGCB) released the February Fantasy Contests Revenue Report on Friday. That report revealed a total adjusted revenue decline of nearly $500,000 compared to January. Total revenue dipped from $2,116,499 to $1,629,178.

The drop in revenue can be traced in part to the end of football season. February featured just one football game — the Super Bowl — which limited daily fantasy platforms to single-game contests in the sport.

Overall, Pennsylvania will still receive $244,376.75 from the daily fantasy providers, which are assessed a 15 percent tax on their adjusted gross revenue. That money is then deposited into the Pennsylvania Commonwealth General Fund.

Here’s a look at the total revenue breakdown for February:

Fantasy operatorAdjusted monthly revenuePA tax due
DraftKings$906,451.16$135,967.67
FanDuel$622,815.68$93,422.35
Fantasy Football Players Championship$47,744.12$7,161.62
DRAFT$23,948.17$3,592.23
Yahoo Fantasy Sports$9,726.89$1,459.05
Sportshub Technologies$6,536.89$980.53
Fantasy Draft$5,818.57$872.79
Full Time Fantasy Sports$3,985.25$597.79
Boom Fantasy$2,151.45$322.72

DraftKings remains ahead of FanDuel

DraftKings once again led all of the fantasy providers, including its close competitor FanDuel. DraftKings had a total of $906,451.16 in adjusted revenue for its fantasy contests in February. FanDuel was second with $622,815.68. Pennsylvania’s remaining seven daily fantasy sports (DFS) outlets all generated total revenues of under $50,000.

According to Legal Sports Report, FanDuel was actually ahead of DraftKings when Pennsylvania DFS revenues were first reported in June 2018. More recently, DraftKings has been the leader. FanDuel is looking to close that gap and could receive a boost from its branding deal with FanDuel Sportsbook at Valley Forge Casino Resort, which opened last week.

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Baseball’s return will enhance March revenues

Major League Baseball’s regular season starts on March 28. The first few days of the season and some showcase DFS contests should boost this month’s earnings. However, it’s hard to predict if those increased revenues will be enough to push March’s total past February.

How will PA sportsbooks affect DFS?

The other development to monitor is how the spread of Pennsylvania’s sportsbooks will affect daily fantasy contests. Total daily fantasy revenue has dropped from more than $2.86 million in December to about $1.63 million in February. Many people believe sports betting and daily fantasy games can coexist. And the FanDuel-branded casino is uniquely suited to provide some opportunities for that.

PA budget continues to benefit from gaming

All in all, Pennsylvania’s state budget will continue to benefit from all forms of gaming. Based on their 2018 earnings, daily fantasy providers will pay nearly $2.3 million in state taxes. Furthermore, the expansion of sports betting — which should include mobile betting in July and at least nine sportsbooks by the start of football season — will provide a boon several times that number.

So, as the wagers and daily fantasy contests continue, the tax revenue will pour in too.

You Want Brackets? FanDuel Has Free Brackets, Contests, And $250K

Oh, the madness has begun. And FanDuel Sportsbook is ready to amp it up even more.

The newest legal sportsbook in Pennsylvania, and an online sports betting mainstay in New Jersey, FanDuel has rolled out an expanded list of offerings ahead of the NCAA men’s basketball tournament. Among them is the linchpin of March Madness: filling out brackets.

We all expect to go a perfect 63-0 when picking winners in each game, though the probability of that is low. Mathematicians have pegged such an occurrence at 1 in 9.2 quintillion. Even getting into the second round without a loss is dang near impossible.

With FanDuel Bracket Madness, though, you don’t need to be perfect to claim a share of $250,000 in prizes.

Fill out the bracket to fill up your wallet

The FanDuel Bracket Madness is not limited to state borders. Even better? It’s free to play.

Open to anyone with 21 years and older and access to the FanDuel Sportsbook website can create a free account to become eligible to participate in the bracket challenge.

Once the tournament field is set on March 17, users can begin filling out their brackets. They must be completed by March 21.

Each correct pick earns points. With more points come better odds at claiming a larger portion of the $250,000 prize pool.

The breakdown of said pool ranges from $100,000 for first place to $25 for 1,000th. The distribution looks like this:

PlacePrize
1st$100,000
2nd$50,000
3rd$25,000
4th-5th$10,000
6th-10th$1,000
11th-20th$500
21st-50th$250
51st-100th$100
101st-500th$50
501st-1,000th$25

Should users tie, awards will be combined and divided among them. FanDuel limits users to one bracket.

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But wait, there’s more at FanDuel Sportsbook

An industry leader in New Jersey that just expanded into PA sports betting, FanDuel Sportsbook also offers a daily free-to-play contest revolving around the tourney.

With Props Pick’em, users will play a daily props game in which they compete for $10,000 jackpots during each day of the tournament. Should no winner emerge on any given day, that total will roll over into the next day.

Of course, FanDuel Sportsbook will offer its traditional sports betting markets as well as several other promotions for customers within New Jersey borders:

  • Bandwagon Bonus: Place any NCAA championship futures bet, receive a $5 bonus for each game that team wins in the tournament.
  • Conference Tournaments: Wager at least $10 on five or more conference tournament games, receive $10 in FanDuel Sportsbook site credit.

FanDuel’s latest offerings reflect its effort in “innovating with our customer in mind,” FanDuel Group Chief Product Office Nik Bonnadio said in a release.

“So, whether sports fans just want to bet on a team, player prop, or simply fill out a bracket – we make it easy for them to do it all in one place with just a few clicks of the button. Everything you want to do for March Madness can be done on FanDuel.”

FanDuel continues to expand, including into PA

These latest moves by FanDuel Sportsbook follow a successful launch in Pennsylvania this week.

The sportsbook recently opened its retail location at Valley Forge Casino Resort. Certainly, FanDuel expects to be among the first to introduce online sports betting in the state when it receives the green light summer.

Interestingly, FanDuel Bracket Madness also hit the market shortly after DraftKings Sportsbook introduced a similar offering. FanDuel’s chief competitor announced free-to-play and $20 entry pools for filling out brackets earlier this week.

FanDuel Beats Turf Club To Launch In Valley Forge Battle

It’s a busy couple of days for PA sports betting. Valley Forge Turf Club began testing on Tuesday. FanDuel at Valley Forge Casino starts testing Monday.

Two new sportsbooks are arriving in Pennsylvania just in time for March Madness.

Both Valley Forge Turf Club and FanDuel Sportsbook at Valley Forge Casino began testing this week. Now area bettors have two new options for gaming before the NCAA Men’s Basketball Tournament tips off on March 21.

FanDuel Sportsbook started testing on Monday. Valley Forge Turf Club followed suit on Tuesday. The Valley Forge Casino book launches officially on Wednesday. Turf Club’s full launch is set for Thursday.

“The goal the whole time was to be open for March Madness,” Jeff Lowich, senior director of retail for FanDuel, told Philly.com. “It’s hard to understand it until you’ve either been through it or seen it. Once you go through that, you don’t want to sit at home and watch a fight or a game on your couch. Whether you’re with friends or even strangers, when you’re in a sportsbook, it’s just fun.”

Former Philadelphia Eagles tight end Brent Celek is scheduled to attend the sportsbook’s grand opening. He will place the ceremonial first bet.

FanDuel looking to build on NJ success

Las Vegas-based Boyd Gaming purchased Valley Forge Casino last September. Since then, it added more than $40 million in upgrades to the property.

The casino’s sportsbook aims to continue the success of the FanDuel brand, which launched its first sportsbook last summer at the Meadowlands in New Jersey. According to Legal Sports Report, FanDuel’s Meadowlands property led all New Jersey sportsbooks in combined digital and retail revenues from December to January, taking in over $16 million.

Now, the brand will branch across the region with its first sportsbook in Pennsylvania, a rapidly growing sports betting market. The Keystone State should have at least nine sportsbooks open before football season.

“People are already familiar with FanDuel,” Boyd Gaming spokesperson David Strow said in January. “It’s a reason for people to come to Valley Forge Casino Resort and give our product a try.”

Valley Forge Turf Club is Parx’s third book

Valley Forge Turf Club in Oaks, PA, started taking bets on Tuesday. The sportsbook recently completed a $500,000 renovation to prepare for the opening. The improvements include several high-definition televisions and improved surveillance equipment.

Last month, Greenwood Gaming, which also owns Parx Casino in Bensalem, opened a sportsbook at South Philadelphia Turf Club. With the arrival of the Valley Forge property, Greenwood will become a clear leader in Pennsylvania’s sports betting industry with three of the eight PA sportsbooks.

In court filings for its bid to the Pennsylvania Gaming Control Board, the company highlighted the strengths of Valley Forge Turf Club.

“Situated near Philadelphia’s ‘Main Line,’ the facility is ideally suited for a sports wagering operation as it is easily accessible to sports fans and travelers,” Greenwood’s court filings read, according to Philadelphia Business Journal.

PA closing the gap on NJ sports betting

With the arrival of two more sportsbooks this month, Pennsylvania is moving closer to challenging its neighbor New Jersey on the sports betting front. New Jersey is home to more sportsbooks. More importantly, the Garden State’s big edge is digital wagers. Online betting accounts for roughly 80 percent of all wagers in New Jersey. Meanwhile, Pennsylvania isn’t expected to launch online betting until July.

This month’s wagers might provide an interesting glimpse into what the future holds. With Pennsylvania claiming about 3.8 million more people than New Jersey, PA could soon overtake its neighbor in gambling revenue once mobile betting arrives. For now, the state’s casinos can simply expect record revenues in February for its relatively new betting industry. Hopefully, the Super Bowl gave the industry a big boost compared to January.

As for March, PA has two new properties are entering the fray and the immensely popular NCAA Tournament, which should make for another good month.