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FanDuel Group is an American gambling company that offers sportsbook, daily fantasy sports, horse racing, and online casino services. The company operates sportsbooks in a number of states including New Jersey, Pennsylvania, Indiana and West Virginia, as well as an online horse race betting platform, and a daily fantasy sports service.
Eccles co-founded the daily fantasy company FanDuel in 2009. [7] Starting in 2016, he oversaw the planning of the merger between FanDuel and Draftkings. [8] However, the Federal Trade Commission blocked the merger from taking place in 2017. [9] In November 2017 Eccles left FanDuel to pursue a new venture in the esports industry. [10]
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DraftKings Inc. is an American gambling company based in Boston, Massachusetts.It offers sportsbook and daily fantasy sports (DFS) services.. The company was originally launched in 2012 as a DFS provider, competing principally with the New York–based FanDuel.
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Daily fantasy sports (DFS) are a subset of fantasy sport games. As with traditional fantasy sports games, players compete against others by building a team of professional athletes from a particular league or competition while remaining under a salary cap, and earn points based on the actual statistical performance of the players in real-world competitions.
As the mobile sports betting industry continues growing in the U.S., FanDuel has particularly seen significant success. FanDuel forecasts full-year profitability in 2023: 'Our base is growing' [Video]
After the IRS issued guidance that it views daily fantasy contest fees as taxable wagers, DraftKings CEO Jason Robins made clear that the company will challenge the decision.