Sports Are Back And FanDuel Is Celebrating With $10 For Everyone

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FanDuel is eagerly aiming to attract daily fantasy sports players as more major sports make their return in the near future.

On Tuesday, a prominent fantasy contest provider, recognized globally, offered customers a $10 credit in anticipation of the upcoming baseball, basketball, and hockey events.

As of this year, the state of Michigan has newly regulated the daily fantasy sports industry, allowing players to utilize credits for participation.

However, FanDuel will soon be one of the sports betting apps available in the Great Lakes State. It is important to note that online bets cannot be placed until the official launch.

Michigan is expected to launch online sports betting in October, once the rule-making process is completed by the legislature and Michigan Gaming Control Board.

FanDuel’s $80 million surprise on Tuesday morning

According to FanDuel, the $10 bonus is equivalent to $80 million in complimentary wagers for their customers.

Mike Raffensperger, chief marketing officer of FanDuel Group, expressed his enthusiasm for the revival of sports and announced a remarkable opportunity for all customers to participate in the excitement without any cost. He stated that over $80 million worth of site credits will be added to their customers’ accounts, enabling them to engage in DFS contests or place legal sports bets. Raffensperger emphasized that this gesture is a gesture of gratitude towards their loyal customers who supported them throughout the extended period without NBA, NHL, and MLB.

The $10 credit must be utilized by August 2nd, otherwise it will become invalid.

FanDuel has established partnerships with the NHL, NBA, and MLB, all of which were forced to suspend play in mid-March due to the coronavirus outbreak.

Furthermore, FanDuel is providing users with a risk-free betting opportunity of up to $100 for their first day back, starting from Tuesday until August 2nd.

FanDuel trails DraftKings for Michigan DFS share

For a considerable time, FanDuel has been closely associated with DraftKings, its primary competitor in Daily Fantasy Sports (DFS), and more recently, in the realm of sports betting.

In Michigan, the pair has a longstanding rivalry as they constantly battle for dominance in the market.

Michigan’s online sports betting launch could make the apps extremely popular.

Currently, they hold a significant share in the early DFS market.

Nonetheless, DraftKings has fared better in Michigan during the shutdown.

In the months of April and May, DraftKings generated more than $380,000 in revenue from Michigan’s DFS market, accounting for a dominant market share of 74.1%. On the other hand, FanDuel earned $86,000, representing a market share of 16.8% during the same period.

During the initial quarter of the year, when professional sports events proceeded as scheduled, FanDuel managed to secure a dominant 42% share in the market.

There are other companies operating in the DFS industry in Michigan.

• The Championship of Fantasy Football Players
• The FullTime Fantasy Sports Network
• Shark of Fantasy Sports
• SportsHub Games Network
• Yahoo Fantasy Sports is a platform for playing fantasy sports.

The addition of a $10 bonus might encourage the reengagement of certain inactive players.

Online betting market will be fierce in Michigan

At a crucial time, the credit can exclusively aid in reactivating FanDuel DFS players.

The MLB season kicks off this week, with the NBA and NHL following suit next week. Additionally, the online sports betting market in Michigan is expected to be highly competitive.

FanDuel Sportsbook in Michigan is set to join the market by teaming up with MotorCity Casino in Detroit, where FanDuel already runs a physical sportsbook.

The Bay Mills Indian Community of Michigan has teamed up with DraftKings to provide online access. Moreover, various apps such as Barstool, BetMGM, BetRivers, FOX Bet, PointsBet, and William Hill are expected to enter the market either during the launch or shortly after.

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