FanDuel unveils new Manhattan office as Senator Addabbo renews online casino push

US sports betting giant FanDuel opened the doors to its new Manhattan headquarters this week, relocating to a 36,000-square-foot space in the Flatiron District, in an effort to continue investing in the Empire State’s online gaming sector.

The event drew a mix of company executives and public officials, including New York State Senator Joseph Addabbo Jr., a leading voice on gambling regulation and responsible gaming policy.

“It has been many years in the making,” FanDuel CEO Amy Howe told attendees. “I could not be more excited. It feels like the first day of school.” The new facility features nods to sports culture, including a signed Rob Gronkowski jersey and original Yankee Stadium seats, and replaces the company's longtime Park Avenue South location.

FanDuel, which was founded in the UK in 2009 and has been based in New York for over a decade, posted its third-highest revenue month in the state this past May. According to the New York Gaming Commission, the sportsbook led the market with an $803.1 million handle and $108.8 million in revenue, driven by a 13.5% hold rate. For fiscal year 2025–26, FanDuel has recorded a $2.14 billion handle in New York.

FanDuel CEO Amy Howe

At the ribbon-cutting, Addabbo spoke about FanDuel’s role in the state’s gambling expansion and reiterated his call for legalizing online casino gaming. “We knew New York would do great in the market nationally. I want to congratulate you on carrying the ball across the goal line,” he said.

“We’re not done, we want to expand FanDuel here with iGaming. It’s not a question of if, it’s a question of when, and that’s when we’re really going to blow this out of the water,” Addabbo added.

Addabbo, who chairs the Senate’s Racing, Gaming and Wagering Committee, has advocated for measures to expand gambling safeguards, including mandatory insurance coverage for addiction treatment and the formation of a Problem Gambling Advisory Council. He introduced a bill in January seeking to legalize iGaming, even as the state prepares to license three new retail casinos.

The company also operates offices in California, New Jersey, Florida, Georgia, Nevada, and Oregon. In early 2024, it opened a 50,200-square-foot Beverly Hills location to house its TVG operations, despite California’s current ban on sports betting.

As FanDuel continues to dominate in regulated markets, it has also attracted scrutiny over how tax increases may affect the industry. Illinois recently became the first state to introduce a tax on sportsbook handle, prompting FanDuel to implement a $0.50 surcharge per wager in the state.

DraftKings quickly followed suit. While analysts from Fitch Ratings noted that such taxes could slow momentum across the sector, they also concluded that the impact on dominant players like FanDuel and DraftKings would likely be minimal.

FanDuel’s new Madison Avenue building is shared with firms such as IBM and Franklin Templeton. The move follows Flutter’s 2023 listing on the New York Stock Exchange, which has sparked renewed speculation around a potential FanDuel spin-off or U.S. IPO.