FanDuel Outgrows Its Space: To Pay $3.3 Million for New Office

Well we guess they can afford it.  Our sister site DFS911.com has a feature up regarding FanDuel’s move to a plush new Madison Avenue address.

In a nutshell, they’ve gone from a measly 9000 square feet (and it was measly, we’ve been to their office) to 41,000 square feet.  It’s a 14-story building between East 22nd and East 23rd Streets. The previous address was located in the Flatiron district of Manhattan and they had previously occupied a much smaller space prior to the start of last Football season.

The new space will cost $3.3 million.   But considering they just took in a couple hundred thousand in fresh investment money last month, that’s just a drop in the bucket.

FanDuel and DraftKings are considered behemoths in the Daily Fantasy sector though neither has turned a profit as of yet.

- Aaron Goldstein, Gambling911.com