PaddyPower Betfair and new partner FanDuel have announced the merging of their United States-based businesses, creating one of the largest online sports platforms in the country.
The new merged company will begin operating as part of the FanDuel Group, which will consist of a number of PaddyPower and FanDuel’s brands. Some of these include TVG Network, Betfair Casino, and DRAFT.
The combined businesses are now operating within 45 US states, and are estimated to have a reach of over 8 million customers throughout those states, with $265 million in annual income between the two online giants.
CEO of Fanduel, Matt King, told reporters that their new company embodies the strengths of both businesses, and will bring together all the talent, technological expertise, and resources from both sides, allowing them for greater market opportunities within the US. He added that it was a pivotal moment for the two operators, as well as for the online sports world.
The news of the merger comes after Betfair’s announcement that they had reached agreements between New York and New Jersey sports book operators at both Tioga Downs and Meadowlands Racetrack.
FanDuel have also recently stated that they intend to launch a new, branded sportsbook that will provide a variety of retail sports betting options for customers at the Meadowlands Racetrack, and while they have yet to specify exactly when the new services will go live, it will be within the next few weeks.
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