Winning the war
Ad-tracking company iSpot.tv has revealed that FanDuel is crushing its US rivals in the battle for sports betting advertising supremacy. From January 1 to August 15, 2023, FanDuel was the “most-seen” sportsbook brand on American TV.
iSpot took to Twitter Wednesday to share a link to its Sports Betting TV Ad Transparency Report:
FanDuel’s share of TV ad impressions increased around 40% to 49% year-on-year. This means FanDuel has a staggering 28% lead over DraftKings, cementing its position as TV’s most-seen sportsbook brand.
BetMGM was third with 16%, PointsBet fourth, and FOX Bet fifth. The latter two have both since announced their exit from the market.
Cross-marketing pays off
Despite all the negative attention TV ads are getting from sports betting’s political opponents, such as Rep. Paul Tonko, sportsbooks have actually increased their ads by 25% from 2022.
More ads during non-sports shows boosted FanDuel’s 2023 TV dominance
In addition, iSpot stated the leading sportsbook brands “are maturing as TV advertisers,” via cross-marketing. More ads during non-sports shows boosted FanDuel’s 2023 TV dominance. FanDuel’s ads on Friends gave it almost 9% of its ad impressions, while those on On Patrol: Live accounted for nearly 3%.
Altogether, 41% of sportsbook TV ad impressions were delivered during non-sports
programming in the period.
Reigning supreme
Earlier this month, FanDuel revealed it had hit a “pivotal” profitability inflection point during the first six months of 2023, with its total US betting revenue up 78% year-on-year to reach £1.37bn ($1.7bn).
A July 2023 report from investment firm Jefferies, meanwhile, revealed FanDuel as the outright US sports betting market leader, owning 45% of the online market in terms of gross gaming revenue. DraftKings was next at 30%, while BetMGM’s slice was just 9%.