Daily fantasy sites have grown at a rapid rate over the last 10 years and are now almost a ritual activity for players across the United States. Residents of Florida have access to two of the best products on the market in the form of DraftKings and FanDuel.
Daily fantasy sites are not illegal in the Sunshine State, but there are no laws regulating the practice. However, DraftKings and FanDuel have been a constant presence since moving into the state and are now firmly entrenched with thousands of registered users at their disposal.
The argument continues to this day whether they are an official sports betting product or whether their competitions are games of skill. Yahoo opted to pull their daily fantasy game out of the region in 2015, leaving a head-to-head battle between DraftKings and FanDuel for customers.
FanDuel have been around the longest, creating their product in 2009. It has been a staple of the industry since and was bought out by Flutter Entertainment, who also own FoxBet, TVG, Paddy Power, and Betfair; among other leading betting companies states WSN.com.
*Flutter to Increase Stake in FanDuel
• Flutter Entertainment to acquire 37.2% interest in FanDuel for $4.175 billion in cash and stock, implying $11.2 billion valuation
• Company’s ownership stake in FanDuel to increase to 95% (currently 57.8%)
— Roundhill Investments (@roundhill) December 3, 2020
FanDuel has provided an excellent product for users and has also secured partnerships with the NHL and the NBA. It is the simpler of the two operators on offer, limiting the amount of work required to alter your fantasy team, while working with a strict salary cap across all 11 of their sports. Their partnership with the NBA is vital in Florida, given the number of basketball teams present in the region.
FanDuel provide the authentic experience for NBA daily fantasy games over DraftKings, especially for those fans of the Miami Heat and the Orlando Magic. Their presence in Florida has allowed them to build a solid customer base within the Sunshine State with the hope of further expansion. Sports betting is not on the agenda yet in Florida, but when it comes to the fore, FanDuel will be in direct competition with DraftKings for users.
Both FanDuel and DraftKings will be hopeful that they will be able to see off threats from new companies that may emerge on their territory, should litigation allow traditional sports wagering products to operate in the Sunshine State.
DraftKings, too, have developed a strong core of customers, and nationally boast a larger contingent than FanDuel. They are arguably in a better position to that of their rival due to their partnerships with the NFL and MLB. The NFL has the largest following in the United States, and Florida boasts the reigning Super Bowl champion Tampa Bay Buccaneers along with the Miami Dolphins and Jacksonville Jaguars within its borders.
Today the @NFL selects @DraftKings as its Official Daily Fantasy Partner. This distinctive deal includes exclusive sponsorship of the daily fantasy sports (DFS) category and more. Full press release included here: https://t.co/lYlupZCmXa pic.twitter.com/8lCfxWlruJ
— DraftKings News (@DraftKingsNews) September 26, 2019
The sponsorship with the NFL allows DraftKings to benefit from the huge television audiences that the league commands. In turn, that breeds greater recognition of their product and the benefits of using their daily fantasy game instead of FanDuel.
DraftKings does demand a savvy sports mind to play their games, although there are greater rewards available. Features such as the variable salary cap can force users to have to change their rosters with regularity to keep them ahead of the competition and their friends. There is always something to think about when playing with DraftKings, which makes it appealing for sports enthusiasts. In a state where sport is found at almost at every turn, DraftKings certainly made a wise decision to remain entrenched in the region. It has allowed them to build a loyal base of customers and further enhance their product.
Both products made a sound business choice to keep offering registrations to Floridians. They are reaping the benefits now with the continued success of daily fantasy games, and potentially in the future, should sports betting become regulated in the Sunshine State.
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