Benzinga Names FanDuel A 'Heavy Hitter' Award Recipient At Inaugural Titans Sports Betting Event

A leading fantasy sports and sports betting company has been honored with the "Heavy Hitter" award from Benzinga at the first Titans Sports Betting conference.

What's A Heavy Hitter? The Heavy Hitter award is reserved for companies who've demonstrated material market share gains, competitive advantages and strategic acclaim. A jury evaluated key criteria including financials, innovative spirit, M&A and compliance.

The Decision: FanDuel, owned by Flutter Entertainment PLC PDYPF, was selected for its leadership in fantasy sports, betting and iGaming across the United States and other territories.

In the first quarter of 2023, revenue rose 54% from the year ago period, reaching 2.4 billion pounds ($2.97 billion).

In addition to top-line growth, FanDuel is purported to have captured 50% of the sports betting market share in the U.S., up 14% from the year ago quarter.

The company also expects to be listed in on the U.S. stock exchange in the fourth quarter of this year.

Benzinga congratulates the FanDuel team and their efforts in transforming the market in the 19 states in which it offers sports betting.

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