The company remains at the helm of the online gambling sector in the country, followed closely by its rival, DraftKings
There are currently two betting and gaming companies in the United States that dominate the iGaming and sports betting vertical. That’s the case of DraftKings and FanDuel with each competing not only against other rivals but against each other.
On the heels of a recently requested antitrust investigation into the duo, an expert analyst highlighted that FanDuel gained an advantage in iGaming market share for November when compared to DraftKings.
FanDuel and DraftKings Continue to Lead in Online Gambling Market Share
That is according to an expert analyst with JMP Securities, who was recently quoted by NEXT.io. Per the analyst, FanDuel’s iGaming market share in November soared to 27.4%. This result marked a solid increase of 2%, when compared to the reported market share by the leading gaming and betting company reported for the third quarter of this year.
While FanDuel’s iGaming market share last month increased, the share of one of its direct competitors, DraftKings, took a slight dip. In Q3, DraftKings reported an online gambling market share of 27.0% in the United States. However, a slight decrease in that result was observed in November which halted at 26.1%.
As noted, while the dominance of FanDuel and DraftKings continues, two senators recently asked federal regulators to look into the possibility of the duo breaching antitrust rules. In a letter sent to the Federal Trade Commission (FTC) and the Department of Justice (DOJ), Senators Mike Lee and Peter Welch voiced their concerns about the two operators. The lawmakers asked the regulators to determine whether or not FanDuel and DraftKings violate the established antitrust rules by stifling competition in the online betting vertical.
The Duo Maintains a Lead Against the Competition
Following closely when it comes to iGaming market share is BetMGM. While the fast-growing operator couldn’t reach DraftKings’ 26% market share in November, it did well by taking approximately 22.3% of the market. This, according to the JMP Securities analyst, was the best result for BetMGM for the year.
Far off into the distance in terms of iGaming market share were Fanatics Betting and Gaming and ESPN Bet. While the former recorded a market share of 2.3%, marking its best result so far, the latter’s market share was nearly 2%, remaining relatively steady.
