FanDuel Debuts New Peer to Peer Fantasy Product "FanDuel Picks" in Select States

Rhea-AI Summary

FanDuel (NYSE:FLUT) has launched FanDuel Picks, a new peer-to-peer fantasy sports product that allows users to win up to 1,000x their entry fee. The platform enables customers to build lineups of 3-6 players and predict whether athletes will exceed their projected stats during games.

New users who invest $5 will receive $60 in bonus funds. The product, launching just before NFL season, is now available in 17 states, including Texas, Wisconsin, and Georgia. Players earn points for correct selections and can win shares of prize pools based on their performance.

Positive

• Launch timing strategically aligned with NFL season start
• Attractive 12x bonus offer for new users ($60 bonus on $5 play)
• Wide initial rollout across 17 states
• High potential return of up to 1,000x entry fee

Negative

• Not available in major sports betting markets like New York and New Jersey
• Limited to fantasy sports format, not full sports betting

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NEW YORK, Aug. 28, 2025 /PRNewswire/ -- FanDuel, North America's premier online gaming company, is introducing FanDuel Picks, a new peer-to-peer fantasy sports product. FanDuel Picks offers fans a simplified way to engage with their favorite athletes and a chance to win up to 1,000x their entry fee by building lineups and selecting whether the athletes will beat their projected stats during games. Customers new to FanDuel Picks who play $5 will get $60 in bonus funds.

With FanDuel Picks, customers can pick three to six players, select "more" or "less" on the players' projected stat lines and set their contest entry amount. Customers earn points for every correct selection, and customers with the highest score win a share of the prize pool.

"Just in time for NFL season, we are excited to bring fans a social way to engage with the sports and athletes they love with the launch of FanDuel Picks," said Rob Cullen, FanDuel Picks General Manager. "The 'more' or 'less' selection model offers a streamlined fantasy sports experience, and we look forward to offering our customers another way to interact with games this season."

FanDuel Picks is now available in 17 states, including Alabama, Alaska, Arkansas, Georgia, Minnesota, Missouri, Nebraska, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Texas, Utah and Wisconsin.

About FanDuel Group
FanDuel Group is the premier mobile gaming company in the United States. FanDuel Group consists of a portfolio of leading brands across mobile wagering including, America's #1 Sportsbook FanDuel Sportsbook, its leading iGaming platform FanDuel Casino, the industry's unquestioned leader in horse racing and advance-deposit wagering, FanDuel Racing and its daily fantasy sports product. In addition, FanDuel Group operates FanDuel TV, its broadly distributed linear cable television network and FanDuel TV+, its leading direct-to-consumer OTT platform. FanDuel Group has a presence across all 50 states with approximately 17 million customers and 25 retail locations. The company is based in New York with offices in Los Angeles, Atlanta and Jersey City, as well as in Canada, Scotland, Ireland, Portugal, Romania and Australia.

FanDuel Group is a subsidiary of Flutter Entertainment, the world's largest sports betting and gaming operator with a portfolio of globally recognized brands and traded on the New York Stock Exchange (NYSE: FLUT).

Media Contact: press@fanduel.com

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SOURCE FanDuel Group

FAQ

What is FanDuel Picks and how does it work?

FanDuel Picks is a peer-to-peer fantasy sports product where users select 3-6 players and predict if they'll perform above or below projected stats. Players earn points for correct picks and can win up to 1,000x their entry fee.

What bonus does FanDuel (FLUT) offer for new FanDuel Picks users?

New FanDuel Picks users who play $5 will receive $60 in bonus funds, representing a 12x bonus on their initial entry.

In which states is FanDuel Picks available?

FanDuel Picks is available in 17 states, including Alabama, Alaska, Arkansas, Georgia, Minnesota, Missouri, Nebraska, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Texas, Utah and Wisconsin.

How much can users win on FanDuel Picks?

Users can win up to 1,000x their entry fee by making correct predictions on athlete performances and earning points to share in the prize pool.

When did FanDuel launch its new Picks platform?

FanDuel launched Picks on August 28, 2025, strategically timed before the NFL season.