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Fantasy Island: FanDuel More Than Quadruples Revenue Generated In '14 Compared To '13

FanDuel said it generated $57.3M in revenue during ’14, more than quadruple the comparable figure for the previous year. The revenue arrived on the backs of $621.7M in player entry fees, similarly about four times the prior year’s take from player entry fees. The aggressive growth, while expected and outlined in newly disclosed financial reports, follows the September announcement of a massive $70M round of Series D venture capital financing. The company ended the year with more than 1 million paid active users, more than five times the 192,942 paid active users at the end of ’13. FanDuel remains unprofitable while it continues through a customer acquisition phase.

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

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