The company said it will invest $15m in a 68,000 square-foot facility located in Atlanta’s Midtown. The campus will specialize in software engineering, product development, information technology and program design.
Georgia Gov. Brian Kemp made the announcement Tuesday in conjunction with FanDuel.
“I’m proud to welcome FanDuel to the Peach State, and I look forward to seeing the countless opportunities this project creates for the hardworking Georgians across metro Atlanta,” Kemp said. “FanDuel’s decision to open a tech hub in Georgia is a testament to our world-class universities and tech training programs, as well as the diverse ecosystem of professional sports leagues and teams we’ve cultivated here.”
Atlanta Mayor Kelisha Lance Bottoms added, “This center will not only expand the city’s digital media and e-entertainment sectors, but it will also provide new job opportunities for more Atlantans in software development and other promising fields. Atlanta continues to attract companies across many different industries looking to join our welcoming business community, that includes a highly skilled and diverse workforce. We thank FanDuel for selecting Atlanta for this operations center.”
FanDuel, based in New York City, is the premier US sports betting brand of parent company Flutter Entertainment. The company reported Q1 revenue of $2.08bn, a 33% increase from the prior year period.
Flutter sports revenue was $896m of total revenue and FanDuel saw its earnings jump 125% year-on-year.
Flutter closed trading at 88.31 USD Tuesday, its lowest price since Nov. 24, 2020.
An eight-figure investment in a FanDuel technology hub signals Flutter’s confidence in the popular DFS and sports betting operator.
“As we grow our business in a very competitive industry, it’s critical we have access to a diverse talent pool needed to build the most innovative platform in the sector,” said Sarah Butterfass, Chief Product Officer, FanDuel Group. “During this process, it became clear that Atlanta provided FanDuel with a winning combination of access to a thriving tech cluster, respected educational institutions we could partner with, and a diverse and welcoming community eager for our arrival.”
