FanDuel just delivered one of the clearest signals yet that iGaming is no longer the side story in US gambling. In Q2 2025, the company reported $1.79 billion in revenue, its highest-ever quarterly result. Breaking that down reveals something far more interesting: $507 million came from iGaming, marking a 42% YoY growth rate, compared to just 11% growth in sportsbook revenue, which totaled $1.22 billion.
This shift matters. FanDuel has always been the sportsbook giant, with unmatched market share in US sports betting. But the fastest growth is happening outside of sports wagers, with casino and iGaming products pulling in users, extending session times, and boosting profitability. That’s how FanDuel has positioned itself to turn scale into sustainability.
It also explains why FanDuel is guiding $7.7 billion in revenue for 2025. Unlike many rivals that lean on one revenue stream, FanDuel is balancing sportsbook, iGaming, and media revenues, including $85 million from advertising in just one quarter. This diversified revenue mix isn’t just about resilience; it’s about dominance.
FanDuel’s challenge is no longer proving it can lead. It’s proving whether anyone else can catch up. With iGaming growth outpacing sportsbooks by almost 4x, FanDuel is showing where the real margins live. That’s the story operators, investors, and competitors will need to pay attention to in 2025.
