Jason Robins, DraftKings CEO, will continue in the CEO role going forward, while FanDuel CEO Nigel Eccles will be the chairman of the board.īoth were predictably sanguine about the two companies’ prospects moving forward. Nor have terms of the deal been disclosed, although sources have described it to ESPN as 'basically a 50/50 split between the two fantasy giants.' Each site will have three seats on the newly-merged company’s board, plus one independent director. No new name for the merged company has been shared. Indeed, both sites have already made it known they will each be running separately at least through the end of the 2017 National Football League season. Representatives of the two companies announced this morning they would be joining forces, culminating many months of negotiations and an even longer period of speculation regarding the possibility of a merger between them.Īs David Purdum reports for ESPN, the merger still requires regulatory approval, meaning the sites will continue to operate distinctly until such approval is granted, likely not until the latter half of 2017. There is breaking news this morning regarding the long-awaited merger of the two largest daily fantasy sports operators, DraftKings and FanDuel.

DFS Leaders DraftKings and FanDuel to Merge Also on tap this week, a casino in upstate New York will be opening sooner than expected, another in Macau reopened after being closed for eight years, and a group of Rhode Island illegal sports betting operators were indicted. This week's installment of Inside Gaming kicks off with this morning's news that the two largest daily fantasy sports sites, DraftKings and FanDuel, have announced plans to merge.

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