The Most Popular Sportsbooks in the U.S.
Navigating the intricacies of U.S. market leaders FanDuel and DraftKings reveals a competitive edge in online sports betting and fantasy leagues.
This analysis presents a detailed examination of where and how these platforms stand regarding accessibility across various regions and platforms, alongside a thorough breakdown of their diverse product offerings. With their substantial presence in the US market underscoring the comparison, this article aims to deliver an impartial overview, highlighting the scope of their operations.
Where is Sports Gambling Legal in the U.S.?
Sports betting in the United States has undergone a significant transformation, witnessing a rapid evolution that has changed the face of the gambling landscape across the nation.
With individual states embracing the opportunity to craft their own rules around sports wagering, the result is a patchwork of regulations that vary widely from coast to coast. This shift has catalyzed a surge in the popularity of sports betting, making it more accessible to Americans than ever before.
Current Legal landscape:
- Live, Legal: Sports betting is operational and legal in 38 states, plus the District of Columbia, showcasing a robust adoption of sports gambling regulations nationwide.
- Active Legislation/Ballot Initiative: Six states (Alabama, Georgia, Hawaii, Minnesota, Missouri, and Oklahoma) are considering active legislation or have ballot initiatives underway, signaling a potential expansion of legal sports betting soon.
- No Legislation: Five states have not introduced any legislation regarding sports betting, remaining on the sidelines of the sports gambling expansion.
- Dead Legislation: Sports betting legislation has been introduced but not passed in one state (CA), halting progress in that jurisdiction.
These regulations span online platforms, mobile applications, and physical establishments, and understanding each state's specific legal frameworks and compliance requirements becomes crucial. For those looking into the intricacies of sports betting legality and regulations, RG offers a comprehensive state-by-state guide that sheds light on the regulatory landscape, emphasizing the critical role of responsible gambling and the safeguards implemented to protect consumers.
Moreover, the American Gaming Association's State Gaming Map provides an interactive and up-to-date visual representation of sports betting and fantasy sports legal status across the United States. This resource is indispensable for stakeholders, policymakers, and enthusiasts aiming to keep up with the rapidly evolving legal context of sports gambling. It showcases the geographic distribution of legalized betting and the varying degrees of regulatory frameworks in place.
FanDuel vs DraftKings: Market Share
FanDuel and DraftKings emerge as the two most popular sportsbook platforms in the U.S., each with a distinct journey and market position.
- DraftKings Market Position: DraftKings is celebrated for its comprehensive sports coverage and competitive betting options. It holds a substantial portion of the market alongside its rival. Its aggressive growth strategies and partnerships with professional sports leagues and teams underscore its significant influence and commitment to enhancing user experience.
- FanDuel Market Position: Today, FanDuel is DraftKings' top competitor, particularly recognized for its innovation in DFS and sports betting platforms. With a robust user base and a significant share of the U.S. market, it has established itself as a household name among sports enthusiasts.
Both platforms have navigated the evolving landscape with strategic expansions and innovations, catering to a wide audience of sports fans and bettors.
Most Popular Sportsbook in U.S.
FanDuel Sportsbook is committed to providing a secure and responsible betting environment. We remind all users that sports betting involves financial risk, and it’s important to set personal limits to ensure a controlled experience. If betting impacts your well-being, numerous support resources are available to help you maintain a safe and responsible approach to gaming.
Real FanDuel User Reviews
The sports betting app has received a mix of positive and negative reviews across various categories.
While users appreciate aspects such as competitive odds, a user-friendly interface, and quick payouts, there are notable concerns about technical issues, customer service, and the fairness of the betting system.
Bonuses & Promotions:
- Pros: Variety of betting options, fun bonuses
- Cons: Limited promotions for non-football sports, frequent technical issues with promos
- Suggestions: Offer more free bets, tokens, deposit matches, better loyalty rewards, and generous birthday bonuses
Functionality & User Experience:
- Pros: User-friendly interface and easy navigation
- Cons: Issues with app crashing, freezing, and intrusive location verification
- Suggestions: Improve app stability and location verification
Cashiering:
- Pros: Quick payouts, easy deposit methods, secure transactions
- Cons: Problems with withdrawals, account suspensions, and slow transfer of winnings
- Suggestions: Streamline the withdrawal process and address account suspension concerns
Odds & Pricing:
- Pros: Competitive odds appreciated by some users
- Cons: Accusations of manipulated odds, low payouts, and frequent high-risk bet suggestions
- Suggestions: Provide clearer and fairer odds, improve payout structures
Market Coverage:
- Pros: Extensive range of sports and betting options
- Cons: Performance issues (freezing, lag), inconsistent reward system, poor handling of injured players
- Suggestions: Address performance issues and expand betting options for more sports
Support:
- Pros: Some users report quick resolutions from support
- Cons: Unresponsive support, issues with account suspensions, unauthorized transactions, and verification problems
- Suggestions: Improve support responsiveness and resolve account-related concerns efficiently
Great Choice for NFL & NBA
Our review of DraftKings Sportsbook is intended to provide a thorough, unbiased perspective based on available information. We uphold the principles of responsible gambling and encourage users to set limits, engage thoughtfully, and approach betting as entertainment rather than income. For those who need assistance with gambling-related concerns, please seek support from trusted resources.
Real DraftKings User Reviews
Bonuses & Promotions:
- Pros: 40% of users appreciate the variety of promotions, including boosts and "no sweat" opportunities, which have led to successful bets and substantial winnings.
- Cons: 60% of users express dissatisfaction, citing a lack of free bets, deposit bonuses, and a less generous rewards program, especially for loyal customers. Technical issues with promotions not applying correctly, and complaints of misleading offers, further add to the frustration.
Functionality & User Experience:
- Pros: Users praise the app’s user-friendly interface, seamless navigation, and the ease of cashing in and out. The intuitive design makes betting straightforward.
- Cons: Frequent crashes, slow response times, and lagging have negatively impacted the user experience. Location verification has been deemed intrusive and unnecessary by some, and account verification issues have also been raised.
Cashiering:
- Pros: Users find the deposit and withdrawal process efficient, with many praising quick payouts, some as fast as 10 minutes. The interface for cashiering is also seen as intuitive.
- Cons: Issues with crashes and technical problems during key moments, like deposits or withdrawals, are frequently reported. The app’s verification process, which sometimes leads to account suspensions or extended delays in accessing funds, has been criticized.
Odds & Pricing:
- Pros: Some users report significant winnings, appreciating the pre-calculated odds and variety of sports available, particularly hockey.
- Cons: A significant number of users perceive the odds as rigged, with reports of the app changing odds during bet submissions and favoring the house in casino games. Technical issues like lagging and freezing during live betting make it difficult to place timely bets, further disadvantaging users.
Market Coverage:
- Pros: The app’s wide range of sports and events, along with an array of betting options, has been praised. Users enjoy the diverse offerings, including niche sports and prop bets.
- Cons: Performance issues such as freezing and lagging during live betting have been reported, leading to missed opportunities. The app’s handling of live odds, frequent changes, and premature event closings have also been criticized.
Support:
- Cons: A majority of users are dissatisfied with the app’s support, describing it as slow, unhelpful, and unable to resolve technical glitches or verification problems. Issues with contacting customer service and difficulties withdrawing funds are common complaints.
- Pros: A smaller group of users have reported positive experiences, noting helpful, fast, and reliable customer service responses.
Where is FanDuel Legal
FanDuel has significantly expanded its presence across the United States offering legal sports betting options, currently in 23 states for bettors looking to engage online:
Arizona | Colorado | Connecticut | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maryland | Massachusetts | Michigan | New Jersey | New York | North Carolina | Ohio | Pennsylvania | Tennessee | Virginia | Vermont | Washington D.C. | West Virginia | Wyoming | Ontario
Similarly, FanDuel has expanded its services to Canada with a presence in Ontario, providing a platform for legal online sports betting. Interested users in Ontario can find more details and access FanDuel’s offerings at FanDuel Canada.
Where is DraftKings Legal?
To place legal bets or play on DraftKings, individuals are required to be 21 or older. Additionally, they must be physically present in a state where DraftKings is operational when they bet or play, though they need not be residents of that state:
Arizona | Colorado | Connecticut | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maryland | Massachusetts | Michigan | New Hampshire | New Jersey | New York | North Carolina | Ohio | Oregon | Pennsylvania | Tennessee | Virginia | Vermont | West Virginia | Wyoming
In Canada, DraftKings has tapped into the Ontario market, where mobile sports betting is legal and active. Enthusiasts in Ontario can engage with DraftKings Sportsbook via the dedicated app, available for download and use within the province. For more information on the services offered and the legal framework in Ontario, visit DraftKings' Ontario Sports Betting page.
Market Share and Competitive Analysis
FanDuel and DraftKings have been neck and neck in the U.S. sports betting market, commanding a substantial portion of the industry. FanDuel has been the longstanding market leader, maintaining a significant presence across the states where sports betting is legal. As of late 2023, FanDuel held a market share of approximately 39.3%, marking it as the dominant force in sports betting and gambling markets. DraftKings, not far behind, secured a market share of around 34.1%, indicating a competitive position in the industry.
However, DraftKings has been closing the gap, particularly over the past year, elevating its market share from 27.7% to 32% in the 12-month period ending in May 2023. This growth did not come at the expense of FanDuel, which saw its market share remain stable despite a slight decline from 45.5% to 45.1% at the end of May compared to the same time in the previous year.
DraftKings has seen substantial gains in key states such as Massachusetts, where it's headquartered, and New York, which is the largest U.S. sports betting market. For example, DraftKings accounted for a significant portion of all gross gaming revenues in Massachusetts, surpassing $1 billion in wagers since the launch of mobile betting in March 2023.
The implications of their market dominance are multifaceted. Their significant market shares mean both FanDuel and DraftKings can influence market trends, adapt quickly to new regulatory changes, and have the capital to invest in innovative betting products and user experiences. However, their dominance also means that new entrants into the market could find it challenging to secure a foothold.
DraftKings' recent ascension in the market can be attributed to strategic moves in key states and an ability to manage marketing and customer-acquisition costs effectively. Meanwhile, FanDuel's consistent performance and high market share highlight the brand's strong customer loyalty and market presence.
This intense competition has led both platforms to continuously improve and innovate their offerings, ensuring they remain the top picks for sports betting enthusiasts across the nation.
Final Thoughts
In this examination of FanDuel and DraftKings, we have navigated through the complexities of their presence across the United States and internationally. With a clear view of where each platform stands legally in various states, we also highlighted the nuances of their operational strategies and their respective positions in the online and retail spaces.
Their legal maneuverings, market share, and financial fortitude suggest an industry on the brink of further expansion, underscored by FanDuel's NYSE debut and DraftKings' growing market share. Both companies not only lead the current landscape but are also strategically poised for future market expansion, as evidenced by their ongoing license filings and corporate maneuvers.
As we look ahead, the prospective moves of FanDuel and DraftKings will likely continue to influence the sports betting market's direction. Their potential expansions into new territories, both domestic and international, and their readiness to adapt to the evolving regulatory environment, mark a new chapter in the story of legal sports gambling. It is a narrative that promises to unfold with the persistence of legal changes and the undying spirit of competition that drives these market leaders.
For those new to this rapidly expanding world, starting with a foundational understanding of sports betting through this Sports Betting 101 Guide can provide valuable insights. Moreover, exploring the broader landscape of sportsbooks offers a glimpse into the diverse betting options available today.
More Comparison Articles
DraftKings Fantasy Vs. DraftKings Sportsbook
Bet365 vs FanDuel | Which Sportsbook is Better in 2024?
Meet our Authors
Paruyr Shahbazyan
Paruyr Shahbazyan started his business career as an entrepreneur in 2000. Over 13 years, he learned business and leadership, which laid the foundation for his career.
In 2013, Paruyr entered the sports and betting industry as the founder and president of Bookmaker Rating, an online media platform he led until 2020. The platform focuses on in-depth analysis and insights in sports betting and has gained a reputation for quality content.
In 2022, Paruyr co-founded Azuro, a decentralized betting protocol. This shows his commitment to technology in the sports betting space. Through all these experiences, Paruyr has been shaping and influencing the betting industry, setting new trends and standards.
Innovation in sportsbetting comes from a deep understanding of both technology and the human element of sports.
Strategic Vision
Paruyr's vision is to revolutionize the sports entertainment industry by integrating technology. He sees the future of sports entertainment as a blend of traditional sports knowledge with innovative tech solutions, like decentralized protocols, to enhance user experience and fairness. He aims to create platforms that are not only user-friendly but also uphold the highest standards of ethical reporting, contributing to a more responsible and enjoyable sports culture.
Sol Fayerman-Hansen
With 20+ years of writing experience across sports, gambling, regulation, technology, and startups, Sol brings a broad understanding to his role as Editor-in-Chief at RG. His work provides clear, factual information to help readers make informed decisions about gambling. Sol’s approach is about transparency and research, so the content at RG is straightforward, evidence-based, and accessible.
At RG, Sol keeps the focus on the reader by maintaining a standard of reliability and integrity in the information shared. Under his editorial direction, RG aims to provide practical insights into sports and sports entertainment that support a balanced and informed approach. Sol’s approach has helped RG become a go-to source for readers looking to engage responsibly and thoughtfully in the industry.
Cristina Varela Galan
Cristina used to work as a Psychology Assistant in the Bizkaia Pathological and Risky Gamblers Association. She was also part of a research team in Deusto University, specializing in pathological gambling area. While working there, she managed to develop her own project
“Exploring the association between emotional regulation, alexithymia, stressful life events and gambling in adolescent and young adult women”.
Nick Ashbourne
Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game in 1998, and he's been writing about them professionally since 2014.
Nick has covered baseball and hockey for outlets like The Athletic, Sportsnet, and Yahoo Sports while growing his expertise in sports data analysis and research.
Between 2022 and 2023, he worked for a betting startup called NorthStar Bets. In 2024, he contributed to Oddspedia before joining the RG team.
Sergey Demidov
Sergey has been in sports journalism since 2007 as a reporter, editor, and manager. He has covered the Olympic Games, soccer World Cups, the World Cup of Hockey in 2016, the European championships, the Stanley Cup Finals, IOC events, and many others. Sergey interviewed the sport's greatest athletes, coaches, and executives. Since 2016, he has been an Independent Senior Editor of NHL.com/ru.
Anna Kravtcova
Ph.D. in organizational psychology, an internationally certified psychologist (EuroPsy 2022, Cognitive behavioural therapy of mindfulness 2020, International Society for Emotional Intelligence 2017, Russian Psychological society 2014, American Psychological Association(Society for Industrial and Organizational Psychologist) 2011), speaker of many international conferences (USA, Brazil, Portugal, Czech Republic, Russia, etc.). TEDx speaker.
