SBC News Voice of the Sports Betting Industry
Fantasy sports operator FanDuel announced a record breaking $37 million in revenues for its final quarter 2014 performance (up 13% on Q4 2013 -$29.6 million).
The Edinburgh founded company which offers daily fantasy sports prizes has witnessed increased player numbers and player activity, as the Fanduel created high coverage partnership with US sports franchises and released a mobile game apps.
The company further reported $371 million in player entry fees from October-December, which accounts for 69 percent of the market. That’s more than double than the $166 million in player entry fees its closest rival, DraftKings, earned in the same period.
FanDuel was founded by Scottish husband and wife team Nigel and Lesley Eccles. The fast growing start-up employs over 80 working staff, and has offices in Edinburgh and New York. In September the company completed a venture funding round of $70 million
Nigel Eccles, CEO and co-founder said; “FanDuel is proving so popular that our main challenge now is meeting customer demand, we have over 125 staff split between offices in New York and Edinburgh and are planning on opening an office in Glasgow soon.
“In 2015 we expect to double our headcount in the UK. This means we are on the look out for talented java, python and front-end engineers, QA testers, business analysts and project managers to join our team. Our aim is to be the employer of choice for the very best programmers who thrive on our fast paced technical challenges whilst working in state of the art offices and enjoying our relaxed culture.”
