FanDuel has announced the gradual shutdown of two major components of its media arm, signaling the end of the iconic TVG brand.
During a recent internal town hall, leadership informed staff that FanDuel TV, originally launched in 1999, will be phased out over the next 20 months, with a full closure expected by November 2026.
A Shift in Long-Term Strategy
The move will result in the loss of over 100 roles. While a reduced team will remain through the summer to fulfill Triple Crown and Keeneland coverage commitments, approximately 60% of the workforce will be cut by the end of June 2026. Amy Howe, CEO of FanDuel, noted that the decision is a strategic realignment rather than a simple cost-cutting measure.
Andrew Moore, General Manager of Racing for FanDuel, elaborated on the pivot:
“FanDuel conducted a thorough review of the business, and the investments needed to support a linear network didn’t align with its long-term strategy. FanDuel is directing its investments toward the areas most critical to its long-term roadmap and core businesses.”
He added that these “deliberate, difficult decisions” are necessary to align the portfolio with areas of the greatest future opportunity.
Winding Down “FanDuel Picks”
In addition to the television network, the company is shelving FanDuel Picks, its peer-to-peer contest product introduced just last year. While the company praised the creative work behind the feature, it has chosen to prioritize resources elsewhere. Existing contests will settle as planned, but the final slate will go live on April 23, with a final withdrawal deadline of May 29.
Despite the shrinking media footprint with the closure of TVG, FanDuel’s wagering dominance remains unchallenged. In 2025, the brand handled over $2.2 billion in bets through its Oregon hub, maintaining a 32.8% market share. However, the drop in FanDuel TV’s reach from 50 million to 30 million households underscores the industry-wide shift away from traditional linear broadcasting.
