FanDuel CEO Amy Howe is predicting her company will defend and even widen its share of the online sports betting market in the U.S.
FanDuel's Amy Howe said the company expects to defend and expand its market lead in U.S. online sports betting.Fanduel CEO Amy Howe attends The Future of Everything presented by the Wall Street Journal at Spring Studios on May 18, 2022 in New York City.FanDuel CEO Amy Howe is predicting that her company will defend its leading share of the online sports betting market in the U.S. − and even widen the gap with its competitors.
The remarks go against expectations in the gaming industry that FanDuel will cede some of its dominance as new players work to grab a bigger share of the sports betting market. FanDuel projects the market will grow to $22.6 billion by 2030, based on more states legalizing it and the industry expanding in places where it's already allowed.Without mentioning Fanatics by name, Howe threw down the gauntlet.
"It should be clear that new entrants that are entering now at this point may face a real challenge taking on scale players who have more than a four-year head start," Howe said at the company'sHowe's comments came a day after Fanatics, valued a more than $27 billion, held its own investor day.
"We'll be in every major state other than New York, where you can't make money," Rubin said at a Sports Business Journal World Congress of Sports event in October. Last fall, Fanatics applied for a mobile-betting license in New York, but was not selected."could be $8 billion, even in the next decade, in profits.
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