DraftKings vs FanDuel — Live Odds Side-by-Side
Live DraftKings vs FanDuel odds across MLB, NBA, NFL and NHL games happening right now. Kalshi and Polymarket overlays included — see which book is offering the best price on each market.
Feature-by-feature comparison
| Dimension | DraftKings | FanDuel |
|---|---|---|
| Category | sportsbook | sportsbook |
| Founded | 2012 | 2009 |
| Headquarters | Boston, MA | New York, NY (US HQ); London (parent Flutter HQ) |
| Regulator | State gaming commissions (varies by state) | State gaming commissions (varies by state) |
| States available | 27+ US states for sports betting (varies; check the DraftKings state coverage map for the live list) | 20+ US states for online sports betting |
| Monthly volume | Handle of ~$3–4B/month (peak during NFL season) | Handle of ~$3–4B/month (US); Flutter Group ~$30B+ globally |
| Annual volume | $40B+ annual handle reported 2024 | FanDuel ~$45B+ annual handle (2024) |
| Total raised | Public since 2020 — no private rounds since | N/A — parent Flutter is publicly traded since 2002 (FanDuel itself wholly owned) |
| Reported valuation | Market cap typically $15–25B depending on quarter | Flutter market cap ~$30–40B; FanDuel US arm valued internally at $20B+ |
| Parent company | Independent | Flutter Entertainment plc (LSE: FLTR; NYSE: FLUT) |
| Public ticker | NASDAQ: DKNG | Parent: NYSE: FLUT / LSE: FLTR |
| Fee structure | Vig: ~4–5% on standard moneylines; ~10–20% house margin on parlays | Vig ~4–5% on moneylines; higher on parlays |
| Min position | $0.10 minimum bet | $0.10 minimum bet |
| Max position | Variable per market — sharps can be limited after big wins | Variable per market; sharps may face per-bet limits |
| Settlement | USD | USD |
| Withdrawal | 1–3 business days for ACH; 1–5 business days for check | 1–5 business days for ACH; same-day for PayPal/Play+ |
| Payments | ACH, Debit card, PayPal (+2 more) | ACH, Debit card, PayPal (+2 more) |
| Mobile apps | iOS (App Store), Android (Google Play, DraftKings.com sideload in some states) | iOS, Android (in licensed states) |
| Product categories | Sports betting, DFS contests, iGaming/casino, Pick6 props | Sports betting, DFS contests, iGaming/casino, Horse racing (TVG) |
Use DraftKings when…
- Recreational bettors who want broad coverage + live betting
- Same-game parlay players (the SGP product is best-in-class)
- DFS contest players who want betting in the same wallet
Use FanDuel when…
- Recreational bettors looking for the most US user-friendly app
- Same-game parlay players
- Users who want a single ecosystem for fantasy + sports + casino
DraftKings strengths
- Largest US sports betting handle and market coverage
- Tightest spreads/totals on major US leagues (NBA, NFL)
- Wide player-prop and same-game parlay coverage
- Mature mobile app with live streaming, cashout, partial-cashout
- Frequent promo offers — boosted odds, deposit matches, no-sweat first bets
DraftKings trade-offs
- Vig averages 4–5% on moneylines, much higher on parlays
- Limits sharps aggressively after sustained winning
- State-by-state availability — not legal in CA, TX, FL, HI, AK among others
- Geo-restricted; you must be physically in a licensed state to place bets
FanDuel strengths
- #1 or #2 US sportsbook by market share
- Sharp pricing on NFL/NBA mainlines + strong same-game parlay product
- Backed by Flutter's global tech + actuarial team
- Generous new-user promos (often $200+ first-bet bonus)
- Single app for DFS + sports + casino + horse racing
FanDuel trade-offs
- Vig + parlay margin same magnitude as DraftKings (no edge there)
- Limits winning users — Sharps reportedly hit caps faster than at DK
- State availability constrained — not in CA, TX, FL, HI, AK
- Limited cashout flexibility vs European Flutter properties
DraftKings vs FanDuel — practical differences
DraftKings: industry-leading sgp (same-game parlay) market, deepest player-prop tree in mlb and nba. FanDuel: #1 us market share by revenue. strong nfl/nba totals & spreads. best-in-class ux. For most regulated US bettors the right strategy is to hold accounts at both and line shop — neither book consistently leads on every market.
Where the gaps appear
Game lines (h2h, spreads, totals) on major-league sports usually agree within 1-2 percentage points between DraftKings and FanDuel — the books pull from similar pricing services and adjust against each other in real time. Player props and futures are where divergence shows up: market depth differs, and one book will price stale relative to the other for hours at a time when news drops.
FAQ
Sources and further reading
All figures best-effort as of 2025-Q4. Funding, valuations, and volume are sourced from public filings, official communications, and third-party trackers (Crunchbase, Wikipedia). Affiliate disclosure: SportsBookISH may receive a referral commission when readers sign up for a regulated sportsbook or prediction market via links on this page.
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