Fanduel draftkings casino merger12/12/2023 ![]() ![]() The companies have had to spend a significant amount of money on preventing states from outlawing DFS. Part of the up sides for the merger between the two daily fantasy sport (DFS) giants was the reduced legal and lobbying costs. Financial Issues for DraftKings and FanDuel With no guarantee they would be successful, DraftKings and FanDuel decided to call off the merger. ![]() ![]() Some estimates have suggested that fighting the trade commission’s blocking attempt would cost between $12-15 million. Both companies are fighting a number of lawsuits already. However, it turns out that maybe DraftKings and FanDuel were not in a position to do so. These briefs defended the merger and indicated that the firms would fight the trade commission’s decision to try halt the merger. This came a shortly after the two companies had both filed legal briefs with the federal district courts. DraftKings and FanDuel are the two biggest operators of daily fantasy sports, and it is believed they service 95% of all players in the USA.ĭraftKings and FanDuel back Down from FTC FightĭraftKings and FanDuel announced that they were terminating the merger late last week. Recently, the Federal Trade Commission (FTC) decided to try and block the merger for fears of a monopoly being created in the daily fantasy sports market. DraftKings and FanDuel have decided to call off their proposed merger. ![]()
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