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FanDuel Sportsbook has launched in New York, New Jersey, Pennsylvania, Michigan, West Virginia, Colorado, Virginia, Indiana, Illinois, Tennessee, and Iowa. It is the market leader in most of them, ahead of DraftKings, although DraftKings is No. 1 in certain pockets of the country.
For instance, DraftKings may collect 10% from users who pay for league buy-ins. So, for everyR$1 paid by a user, the company takes 10 cents as its share. The remaining 90 cents from each user is placed into the pool, which is paid out to the winner at the end. The companies also make money in other ways as well.
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