This article compares FanDuel and DraftKings through the lens of revenue, market share, and user metrics. It focuses on publicly filed results, independent market trackers, and state regulator reports to give an evidence-based answer. The goal is to help sports fans and bettors understand which operator is larger in the U.S., and why NBA-level partnerships are a different question from overall business scale. The piece stays neutral and cites primary sources where available.

FanDuel leads national U.S. revenue and gross gaming revenue share based on 2024 filings and trackers.

DraftKings posted record 2024 revenue and growth in monthly unique payers, keeping competition close.

Both brands are NBA Authorized Gaming Operators, so league-level presence is broadly comparable.

At a glance: draftkings nba and the quick answer

Short answer: FanDuel is larger on U.S. revenue and national market share based on 2024 company filings and industry trackers, while DraftKings reported strong, record 2024 results and user growth that keep the competition close Flutter Entertainment full year results 2024.

Who is bigger in the U.S. market, FanDuel or DraftKings?

FanDuel leads on U.S. revenue and national gross gaming revenue share based on 2024 filings and 2024-2025 market trackers, while DraftKings posted record 2024 growth and rising active users; both are listed as Authorized Gaming Operators by the NBA.

What we mean by "bigger" in this article: we look at company revenue and gross gaming revenue as primary measures, plus user metrics such as monthly unique payers to capture active customer scale. For NBA-specific presence we note whether a brand has official league-level access, which is separate from company size.

To compare operators objectively we focus on three metrics. First, revenue and gross gaming revenue, or GGR, measure the money retained by an operator after payouts and are commonly used to rank market size. Industry reporting and company filings typically report revenue and GGR figures with standard accounting notes.

Second, active user indicators such as monthly unique payers give complementary context: two firms can have similar user counts while differing in revenue per user. DraftKings highlighted growth in monthly unique payers in its fiscal 2024 results, which is a useful signal of expanding user activity DraftKings FY2024 results. See additional DraftKings statistics on Business of Apps.

Third, state regulator reports and independent market-share trackers help reconcile company filings with geographic details.

Company filings cover consolidated revenue, while trackers and state reports disaggregate by market and can show where local leaders differ from national totals.

The primary evidence points to FanDuel leading national U.S. revenue and gross gaming revenue share entering 2025, with Flutter noting FanDuel's position in its full year results for 2024 Flutter Entertainment full year results 2024.

Independent trackers that monitor state reports and operator submissions across 2024 and 2025 also show FanDuel holding the largest national GGR share, with DraftKings consistently the nearest rival. Those trackers are useful because they aggregate regulator filings and company disclosures to paint a sector-level view Legal Sports Report market share overview and similar tracker summaries such as SportBotAI's market share data.

National leadership is an aggregate measure, which means it reflects performance across many states and can be influenced heavily by large markets. A company that leads in a major state can move national totals substantially, so national rankings should be read as an overall business scale indicator rather than a guaranteed outcome in any single state.

Check company filings and state reports

For a careful read of market leadership, review the cited company filings and independent trackers, and cross-check state regulator reports for the markets you care about.

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DraftKings' growth story: record 2024 results and user expansion

DraftKings reported record fiscal 2024 revenue and emphasized growth in monthly unique payers, which highlights expanding user engagement even as it competes with a larger incumbent on aggregate revenue DraftKings FY2024 results.

Growth matters for competitive dynamics because rising user counts and improved engagement can translate into faster market gains in targeted states or in promotional effectiveness. DraftKings' results show it remains a close challenger and that state- or quarter-level swings can tighten the two-brand race.

State-by-state differences: why regional data can flip the leader

National rankings can mask important local variation. State regulator reports sometimes show a different leader in a specific market, and those local differences can matter for users who follow promotions, liquidity, or app features tied to a state.

For example, regulator reporting from Massachusetts in late 2025 showed DraftKings frequently leading in that state, illustrating how a home-state strength can reverse the local pecking order even when FanDuel leads nationally Massachusetts sports wagering revenue report December 2025.

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Large markets like New York also exert outsized influence on national totals, so leadership in those jurisdictions can reinforce a national position. When checking who is larger for a personal decision, cross-check national trackers with the state regulator numbers that reflect where you live. For more context from our site, see Funded Plays.

NBA partnerships and operator status: what 'Authorized Gaming Operator' means

The NBA lists both FanDuel and DraftKings as Authorized Gaming Operators, which means each brand has recognized league-level access and visibility rather than an exclusive commercial right NBA authorized gaming operators list.

Close up mobile screen showing a clean non branded sportsbook app interface in Funded Plays minimal aesthetic with simplified odds list compact navigation and clear typography draftkings nba

Authorized Gaming Operator status gives comparable league-level presence to multiple operators. That visibility helps with branding and promotions tied to league assets, but it should not be read as a proxy for company revenue or national market leadership.

Team sponsorships and market visibility: how NBA exposure varies by market

Team sponsorships and local marketing deals can increase visibility in a market without changing an operator's national scale. A brand that invests heavily in a team's market can feel dominant locally while remaining second in national revenue totals.

Because team deals and local campaigns change season to season, visibility driven by sponsorships is transient. Users should distinguish short-term marketing activity from long-term company scale when interpreting what "bigger" means.

track team and league partnership changes neutrally

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Update entries when new announcements appear

Team sponsorships and market visibility: how NBA exposure varies by market

Local visibility can be amplified by temporary promotions, signage, or broadcast integrations. Those tactics matter for fan perception but do not by themselves change aggregated revenue leadership at the national level.

When evaluating local presence, look for primary evidence such as team announcements and league partner lists rather than relying on advertising impressions alone.

Decision checklist: which operator is 'bigger' for your priorities

Use this short checklist to decide which provider matters more to you: check national revenue and market share if you care about stability and liquidity; check state availability and regulator rankings for where you live; and compare app features, promotions, and user experience for daily use. See our blog for related posts.

National scale, as shown by Flutter and market trackers, suggests FanDuel leads on aggregate revenue and GGR, which can mean deeper liquidity on some markets. Conversely, DraftKings' record 2024 growth and rising monthly unique payers point to active expansion and promotional reach Flutter Entertainment full year results 2024.

Common comparison mistakes and how to avoid them

Mistake one: reading a single quarter or single-state report as the full picture. Quarterly or local data can show swings that do not reflect long-term national position. Use multi-quarter trackers and full-year filings to reduce noise.

Mistake two: conflating sponsorship visibility with company size. Marketing and sponsorships increase awareness, but revenue and GGR remain the more reliable measures of overall business scale. Cross-check company filings, regulator reports, and independent trackers to avoid this pitfall Legal Sports Report market share overview.

Practical scenarios: NBA fan in New York, Massachusetts, and the casual bettor

Scenario A, New York: New York is a large market that affects national totals. If you are in New York, watch the state gaming commission reports for the latest local rankings, since performance there moves national share notably New York State Gaming Commission sports wagering.

Scenario B, Massachusetts: Massachusetts reports in late 2025 frequently showed DraftKings leading locally, which is an example where a regional leader differs from the national aggregate. That local leadership matters for promotions and perceived dominance in that market Massachusetts sports wagering revenue report December 2025.

Scenario C, casual mobile bettor: If you bet occasionally, promotions, app layout, and local availability may matter more than which company is larger nationally. Smaller differences in national revenue translate less directly to day to day user experience than product features and customer incentives.

What the public data cannot show: limits and open questions

Public filings, trackers, and regulator reports provide the best available view of market size, but they do not reveal every commercial detail. Certain promotional spend levels, private contractual terms, and time-sensitive marketing arrangements are not fully visible in public documents.

There is also a timing lag: filings and aggregated trackers reflect past performance, so real-time promotional campaigns or short-term state swings may not appear until later reports are published. Treat public sources as authoritative but not exhaustive.

Quick checklist for reading filings and market trackers

When you read a company filing or a market tracker, check these items first: report date, the exact metric being reported, and the geographic coverage. These three details determine whether a number reflects national scale or a local snapshot.

Cross-check company filings with independent market trackers and state regulator reports to spot inconsistencies. If metric definitions differ, prioritize consistent series such as multi-quarter GGR or annual revenue comparisons for clearer trends DraftKings FY2024 results. For background on how we evaluate market signals, see how Funded Plays evaluations work.

Bottom line and next steps for readers

Concise takeaway: FanDuel leads on U.S. revenue and national gross gaming revenue share based on 2024 filings and 2024-2025 market trackers, while DraftKings recorded record 2024 revenue and growth in monthly unique payers, keeping the competition close Legal Sports Report market share overview. See the CBS Sports comparison for another summary perspective: FanDuel vs DraftKings.

Where to look next: review the cited company filings and state regulator reports to confirm the most current details for the markets that matter to you. Remember that the NBA lists both brands as Authorized Gaming Operators, so league-level presence is comparable even when company scale differs NBA authorized gaming operators list.

Is FanDuel bigger than DraftKings overall?

Based on 2024 filings and market-share trackers, FanDuel leads on U.S. revenue and national gross gaming revenue share.

Does DraftKings have stronger NBA ties than FanDuel?

No, the NBA lists both FanDuel and DraftKings as Authorized Gaming Operators, giving comparable league-level access.

Should I choose an operator based on national market share?

Not necessarily; state availability, promotions, and app experience often matter more for individual users than national revenue rankings.

If you want the most current picture for your state, check the cited company filings and your state gaming commission reports. National trackers are useful for big-picture context, while local regulator data show who actually leads where you live. The ranking between FanDuel and DraftKings can shift in quarters or individual states, so use the provided sources to confirm recent changes and to guide any decisions tied to promotions or local availability.

At a glance: draftkings nba and the quick answer

How we measure 'bigger': revenue, market share, and users

National picture: FanDuel's lead in U.S. market share

Check company filings and state reports

DraftKings' growth story: record 2024 results and user expansion

State-by-state differences: why regional data can flip the leader

NBA partnerships and operator status: what 'Authorized Gaming Operator' means

Team sponsorships and market visibility: how NBA exposure varies by market

Team sponsorships and market visibility: how NBA exposure varies by market

Decision checklist: which operator is 'bigger' for your priorities

Common comparison mistakes and how to avoid them

Practical scenarios: NBA fan in New York, Massachusetts, and the casual bettor

What the public data cannot show: limits and open questions

Quick checklist for reading filings and market trackers

Bottom line and next steps for readers

References