FanDuel is once again growing its global reach, this time in the Caribbean Islands with online betting and a brand new retail location in San Juan, Puerto Rico. The U.S. Territory, which legalized sports betting in 2019, approved the sixth retailer on the island, as well as the fourth to provide retail offerings to customers over 18 years old.
The retail sportsbook opens in partnership with CAGE Puerto Rico II, a gaming company focused on installing, operating, and managing video lottery and video gaming terminals -- with a particular presence in Latin America and the Caribbean.
“We invest to continue bringing tourists because in Puerto Rico, there is a local boom in casinos from gaming and because they have also become an entertainment center, where they not only have machines but also artistic events and other types of things,” then Puerto Rico Gaming Commission Interim Director Juan Santaella said at the Ibero-American Gaming Summit in 2024. “It is no less important that it is an industry that benefits from tourists who come to spend their money and enjoy Puerto Rico.”
🚨 BIG NEWS 🚨
— FanDuel Sportsbook (@FDSportsbook) January 16, 2025
We are officially LIVE in Puerto Rico for mobile sports betting 💰
Learn more: https://t.co/CMkKR2zS7S pic.twitter.com/WnmtnuRPEu
FanDuel sees continued growth
FanDuel’s entry into the market makes it the 24th state or territory the company offers online sports betting, joining a host of major betting hubs including Washington, D.C., where its app is the Capital’s lone legal sportsbook after taking over for the failed GambetDC.
In conjunction with legalized mobile sports wagering, FanDuel’s presence spans all 50 U.S. states with approximately 17 million customers and 25 retail locations. The New York-based retailer also serves customers in Canada, Scotland, Ireland, Portugal, Romania, and Australia.
The betting giant saw tremendous growth last year, with 2025 shaping up to once again be highly productive. In addition to entering Puerto Rico, observers expect the operator will likely enter Missouri in the months to come after voters allowed online wagering in the state.
Also, with parent company Flutter holding their investor day earlier this week, expectations continue to mount that strategic efforts to enter California, Texas, and Florida – which have all shut out FanDuel to varying capacities – will further drive growth opportunities. The sportsbook reported a staggering 51% revenue spike in a November earnings call on Q3 2024 year-over-year.
