FanDuel Reports Record $1.6 Billion Q1 2026 Net Revenue as Sports Betting Handle Surpasses DraftKings for First Time
FanDuel reports record $1.61B Q1 2026 net revenue, overtaking DraftKings for the first time with 36% US market share and 42% year-over-year growth driven by iGaming and AI-powered parlay tools.
Key Takeaways (AI Overview)
FanDuel reports record $1.61B Q1 2026 net revenue, overtaking DraftKings for the first time with 36% US market share and 42% year-over-year growth driven by iGaming and AI-powered parlay tools.
NEW YORK, NY, Jun. 1, 2026 — FanDuel, operated by Flutter Entertainment plc, has reported Q1 2026 net revenue of $1.61 billion, surpassing DraftKings' Q1 revenue of $1.41 billion for the first time in company history and marking a 42% year-over-year growth rate for the US iGaming and sports betting leader. The company's US sportsbook handle reached $14.2 billion for the quarter, capturing an estimated 36% of the national market share across the 38 US states where sports betting is now legal.
The Q1 outperformance was driven by three factors: a favorable parlay hold percentage during the NFL Super Bowl season, the successful launch of FanDuel Casino in two additional states bringing its online casino footprint to 11 states, and the integration of FanDuel's proprietary AI-powered same-game parlay builder which has driven a 28% increase in parlay attachment rates among active bettors. Management noted that the iGaming (online casino) segment is growing at 67% year-over-year and now represents 31% of total US net revenue.
“This quarter marks an inflection point for FanDuel and for the US market broadly,” said Flutter's CEO on the earnings call. “We are no longer just a sports betting company competing for handle. The convergence of sports betting and online casino on a single app, with AI-personalized content and real-time odds, is creating a stickiness and lifetime value dynamic that we believe is structurally unmatched in the industry.”
FanDuel's customer acquisition cost has declined for the third consecutive quarter to $285 per new depositing customer, well below the industry average of $420. The improvement is attributed to the platform's integrated media ecosystem including the FanDuel TV network, podcast network, and partnerships with 18 NFL and NBA teams for stadium-level marketing activation. The company projects full-year 2026 US net revenue of $6.9 to $7.2 billion.
The results arrive as the US online gaming market prepares for potential federal sports betting legislation, with a bipartisan bill currently in Senate committee proposing a federal licensing framework for interstate sports wagering. FanDuel's scale advantage — processing 3.8 million bets per day — positions it as a primary beneficiary of any federalization that standardizes interstate data sharing requirements.
About Flutter Entertainment
Flutter Entertainment is a leading operator in the digital asset and interactive gaming space, committed to providing secure, transparent, and innovative entertainment experiences globally. For more information, visit the official corporate portal.
ir@flutter.com
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FanDuel reports record $1.61B Q1 2026 net revenue, overtaking DraftKings for the first time with 36% US market share and 42% year-over-year growth driven by iGaming and AI-powered parlay tools.
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FanDuel reports record $1.61B Q1 2026 net revenue, overtaking DraftKings for the first time with 36% US market share and 42% year-over-year growth driven by iGaming and AI-powered parlay tools.
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FanDuel reports record $1.61B Q1 2026 net revenue, overtaking DraftKings for the first time with 36% US market share and 42% year-over-year growth driven by iGaming and AI-powered parlay tools.