The two largest daily fantasy sports websites, FanDuel and Draft Kings, have reportedly agreed to a merger, with a deal “imminent,” per Don Van Natta Jr. and David Purdum of ESPN. The two sites have faced increased opposition inside the United States, as Attorney General’s in differing states have differing opinions on how to handle the game, arguing over whether it is a game of “skill” or of “chance.”
Both billion-dollar companies won a major legal battle this summer when the state of New York–which generates millions per year in revenue–agreed to allow the games after a March ban. During that time period, daily fantasy sports were pulled out of New York (sans Fantasy Aces, another DFS site that stayed active in the state during that time) as the companies waited for a decision on when, and if, they’d be allowed back in. FanDuel bases their office out of New York City, while Draft Kings operates out of Boston.
Just how things would be split up between the two companies is still anyone’s guess: whether they would condense to one website, or how the revenue will be divided. From a spokesperson for Draft Kings who released a statement to ESPN, “As we have stated previously, a potential combination would be interesting to consider. However, as a matter of policy, we don’t comment on rumors or speculation, and there can be no assurances at this time that any discussion about a combination would result in an agreement or merger.”