SoftwareFrom Fantasy to Market LeaderThe sportsbook that printed money while everyone else burned it.Mychal RichardsonMar 13, 2026
The U.S. sports betting market opened in 2018, and almost every major operator lost. DraftKings, Caesars, and BetMGM burned through more than $6 billion combined in three years. FanDuel made $922 million in EBITDA in 2025.
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