The merged brand will have a head start in the U.S. FanDuel offers single-day, weekly and season-long fantasy game options across a range of public and private leagues, including the NFL, NBA, MLB, NHL, Golf, NASCAR, WNBA, and the English Premier League. through its ownership of the TVG horse racing betting network and an online casino business in New Jersey. The European betting giant is publicly traded on the London Stock Exchange, has a multimillion-dollar legal gambling business in the U.S. It will up its stake to 80% after three years and will have full ownership of FanDuel by 2023. Paddy Power Betfair agreed to pay $158 million for 61% of FanDuel. market in a new era of legalized sports gambling.

(Photo by Patrick Smith/Getty Images)ĭaily fantasy sports site FanDuel is being taken over by U.K.-based betting house Paddy Power Betfair, a deal that will give one of Europe’s largest bookmaking companies access to the U.S. A FanDuel ad is seen at an NFL game between New Orleans and Washington.

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