Oh, Herfindahl!įor starters, it would help to figure out if the online sportsbook industry is different from other industries. And, more importantly, if there’s room for anyone else. It certainly leads one to wonder if the Great Sportsbook Wars are over. Here are quarterly national market shares for mobile handle and gross revenue for all those operators that are NOT DraftKings, FanDuel, Caesars, BetMGM, or Barstool since PASPA repeal. Now that AZ completed 2022… I can have some fun. The upshot of all this is there are nothing but scraps for the rest, to the tune of 7.6% of the market (and shrinking). To compare, the number was a still-huge 87.9% in the third quarter of 2021, and that was up from an all-time low of 75.2% in Q3 of 2020.įanDuel is doing the heavy lifting here, with about 40% of the market share, and, truth be told, Caesars and Barstool only grab about 4% each, but they’ve clearly been growing month by month, so why not include them here?
It was 92.4% in Q3 2022, according to research compiled by Vixio. In the third quarter of 2022, and for the fifth straight quarter, the online sportsbook market share for the combined forces of the Big Two - FanDuel and DraftKings - and the Next-Biggest Three - BetMGM, Caesars, and Barstool - grew.