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DraftKings, FanDuel close to a major fantasy sports merger

The two leading fantasy sports players are working on a deal which would have DraftKings CEO Jason Robins run the combined company, according to The Wall Street Journal.


DraftKings and FanDuel are looking to merge.

Scott Olson, Getty Images

You may soon have only one source to get your fantasy sports fix.

DraftKings and FanDuel, the two leading fantasy sports companies, are working on a deal to merge, according to The Wall Street Journal. Under the combination, DraftKings CEO Jason Robbins would likely be CEO while FanDuel CEO Nigel Eccles would serve as chairman, according to the report.

The companies have struggled with sustaining interest, particularly with a lackluster start to the football season. It has also dealt with regulatory hurdles and a scathing segment by John Oliver on "Last Week Tonight."

Together, they account for a vast majority of the estimated 4.5 million daily fantasy sports users, according to the WSJ.

DraftKings said that a potential combination would be "interesting to consider," but declined to specifically address the WSJ report.

FanDuel declined to comment.