FanDuel-parent Flutter lists on the New York Stock Exchange Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings .
But Flutter's most important market for revenue and growth is the United States, where FanDuel is the market share leader.
In the fourth quarter, FanDuel had 43% market share based on gross revenue and 51% based on net revenue.
But while FanDuel outperforms its competitors, its biggest rival DraftKings grabs the headlines and spotlight in earned media as the biggest (some might argue, the only) publicly traded pure play in sports betting.
Shares of DraftKings have soared more than 150% over the last 12 months and are up 9% year to date.
Persons:
FanDuel, DraftKings
Organizations:
New York Stock Exchange, London Stock Exchange, NYSE
Locations:
United States, FanDuel