GREY:FUNFF - Post by User
Post by
hrgoyalon Oct 05, 2021 9:25am
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Post# 33966239
Some words of caution from new CEO of Fanduel
Some words of caution from new CEO of Fanduel Word of caution from new head of FaDuel (Flutter Entertainment, Biggest e-betting company in the world)
"[Ultimately] this market is going to settle out with three, four, five competitors. There are too many competitors right now to sustain this level of spend,"
She laid out where FanDuel stands in the field and how it plans to make the final table:
- The betting firm, which boasts around 1.5 million active users, has already spent roughly $306 million on marketing in the first half 2021 alone. Flutter's total investment in marketing FanDuel since 2018 totals more than $1 billion.
- FanDuel is expected to earn between $1.8 and $2 billion in revenue by the end of the year, though profitability still likely won't be achieved until 2023, the FT reported.