Is FanDuel stock the golden ticket investors have been searching for? And more importantly, is FanDuel publicly traded? FanduelOnline sports betting has been picking up steam ever since the U.S. Supreme Court legalized it in May 2018, growing to $83.6 billion.
Today, we’ll be talking about why buying FanDuel stock may give investors an edge compared to other sports betting stocks.
FanDuel Group, Inc. is a leading online sports betting and gaming company in the United States. FanDuel provides users with a range of sports betting options. From popular sports like football, basketball, and baseball to more niche sports like tennis and MMA. FanDuel also offers daily fantasy sports contests, which allow users to compete against each other for cash prizes.
The company was revolutionary from the beginning. Founded in 2009, FanDuel changed the face of fantasy sports. By allowing their audience the chance to play one-day fantasy games for cash prizes, they changed the game.
In addition to its sports betting offerings, FanDuel has also expanded into online casino gaming, offering a variety of games. Users can now partake in slots, blackjack, and roulette all online. Overall, FanDuel is a well-established and respected brand in the online gambling industry. Their user-friendly platform, competitive odds, and generous promotions have made them well-known. With more doors only opening for FanDuel, it’s hard to make a case against them. But before you invest in FanDuel stock, there are some things you should consider.
Is FanDuel Publicly Traded?
When it comes to the question of whether or not FanDuel is publicly traded, there is good and bad news. The bad news is that FanDuel is not a publicly traded company. This means that you cannot buy their stock directly.
The good news is that FanDuel has a parent company, Flutter Entertainment, in which you can invest in. While you can’t buy FanDuel stock right now, that doesn’t mean it won’t be an option in the near future.
Analysts have speculated that FanDuel could be listed on U.S. stock exchanges by Q4 in 2023. In the meantime though, investing in Flutter Entertainment is your best bet to gain exposure to FanDuel stock.
No American market exchanges currently list Flutter Entertainment. However, you can purchase Flutter stock using the Canadian ticker symbol OTC: PDYPY. There are other online sports betting stocks you can invest in like Draft Kings (NASDAQ: DKNG) or Ceasars Entertainment Inc (NASDAQ: CZR) but FanDuel is considered the number one sports betting platform.
Just how big is FanDuel? Well, the company reported that it accepted 50,000 bets per minute at peak levels during Super Bowl LVII. That’s a lot of transactions and revenue in just one minute.
FanDuel IPO Date
Now the main question is, when is the FanDuel IPO date? Some analysts predict that the company could become a publicly traded stock by October 1, 2023.
Most analysts agree that FanDuel will go public in Q4 2023. However, an official announcement is necessary for confirmation. We do know that millions of investors will bet on FanDuel when it becomes available.
Chief investment strategist for the exchange-traded fund (ETF) iBet, Jeffrey Kamys, said that “FanDuel would be the Apple of our industry, it would be our top holding if they went public.” That’s quite high praise and a great sign for potential FanDuel investors.
Investors are eagerly awaiting the initial public offering announcement. While they wait, Flutter is in talks about listing on an American stock exchange. They believe that listing on an American exchange would open more doors for the company and we agree. It is hard to see any adverse effect Flutter may experience by listing on the NYSE or Nasdaq.
If you want to gain exposure to FanDuel but don’t want to wait until their IPO, Flutter is a decent compromise. While it’s not exactly the same thing as buying FanDuel stock directly, investing in Flutter is the next best thing.
When FanDuel stock does become a real option for investors, you can bet that it will become the top online sports betting company.
Final Take on FanDuel Stock
FanDuel Group, Inc. is a well-established and respected brand in the online gambling industry. While you will have to wait to buy shares of FanDuel stock, you can buy shares of their parent company Flutter.
While you can purchase shares of Draft Kings, Cesar Entertainment, or even a sports betting ETF such as iBET Sports Betting and Gaming, many eagerly away the FanDuel IPO. Once FanDuel stock is available on the market, wise investors and day traders alike will be lining up to buy it.
The ones to make the real money from FanDuel stock and its IPO will be the investors who got in while it was still a private company. Investing in private companies is a tried and true strategy used by billionaires and angel investors around the world.
If you have any interest in learning how to invest in companies BEFORE they go public, then I highly recommend looking at Main Street Ventures by Jason Williams. Jason has been leveraging recent legislation and his contacts on Wall Street to get ordinary retail investors in on private company deals. It’s as profitable as it sounds, see for yourself…