FanDuel TV to cease operating after 2027
FanDuel TV, the cable network that has broadcast live horse races on a dedicated channel since 1999, will begin to phase out its horse racing studio productions this summer and cease operations as a cable channel at the end of 2027, according to an official familiar with the company’s plans who spoke on the condition of anonymity.
The plans, which were first reported by The Paulick Report, will represent a dramatic loss of daily televised horse racing content starting in late 2026, when FanDuel TV – formerly known as TVG for most of its existence – will begin exclusively broadcasting the simulcast feeds from its partner tracks rather than accompanying those feeds with studio shows featuring commentary and handicapping.
After 2027, FanDuel’s cable channel will be shut down, but the company will continue to operate its account-wagering company, TVG, and it will direct customers of its sports-betting application to TVG for bets on racing events, the official said. Simulcast feeds from all of TVG’s partner tracks will continue to be available on the apps, according to the official.
FanDuel has contractual obligations for onsite coverage and studio productions through the end of 2026 with Keeneland, Del Mar, the three Triple Crown races, and the Breeders’ Cup. While some studio personnel will begin to be laid off in July, FanDuel will retain the personnel that will be needed to produce the shows from Del Mar and Keeneland’s fall meet and the Breeders’ Cup through the end of November, the official said.
FanDuel’s predecessor, TVG, was the first channel available on subscription TV services to broadcast live horse racing nearly around the clock. The network made household names among racing fans out of several studio personalities, all of whom will eventually be let go.
The gambling landscape has been rapidly changing in the U.S. since a U.S. Supreme Court decision in 2018 allowing states to legalize sports betting. Since then, 40 states and Washington, D.C., have legalized some form of sports betting, which has exploded in popularity over the past five years among dozens of major operators competing against each other for customers.
In 2025, according to the American Gaming Association, $167 billion was bet on sports in the U.S., with revenue reaching $17 billion. Although those are enormous figures, sports-betting companies are known to be operating on thin margins due to extremely high marketing and promotional expenses designed to quickly add customers and grab market share.
FanDuel operates one of the largest sports gambling apps in the U.S., but the stock price of its parent company, Flutter Entertainment, is down 66 percent since hitting a high of $308.60 in August.
“FanDuel conducted a thorough review of the business, and the investments needed to support a linear network [FanDuel TV] didn’t align with its long-term strategy,” Andrew Moore, the general manager of racing for FanDuel, said in a written response to questions from the Paulick Report. “FanDuel is directing its investments toward the areas most critical to its long-term roadmap and core businesses.”
Moore did not immediately respond to a voicemail from Daily Racing Form.
Bets through TVG are processed in Oregon, where most major horse racing advanced-deposit wagering companies have a hub. According to Oregon Racing Commission records, TVG had betting handle of $2.24 billion in 2025, just slightly behind the market leader, TwinSpires, owned by Churchill Downs Inc., which had handle of $2.58 billion last year. The next closest ADW was XpressBet, owned by 1/ST Racing and Gaming, which had handle of $1.06 billion in 2025.
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