FanDuel Continues Commitment to Financial Literacy with Expansion of Operation HOPE Partnership

Rhea-AI Summary

FanDuel, North America's leading online gaming company, has announced a second $1 million donation to Operation HOPE, expanding their partnership to promote financial literacy in Kentucky. This initiative comes one year after the launch of mobile sports betting in the state and aims to provide free financial counseling to Kentucky residents through Operation HOPE's HOPE Inside program.

The expansion includes access to Financial Wellbeing Coaches offering virtual and in-person sessions to help individuals manage entertainment spending, build savings, improve credit scores, and decrease debt. This move reinforces FanDuel's commitment to responsible gaming practices and community impact. The partnership, which began earlier this year in Massachusetts, will now extend its reach to Kentucky, with promotional content across various media channels to raise awareness about the free financial counseling services available.

Positive

• FanDuel donates $1 million to expand financial literacy program in Kentucky
• Partnership with Operation HOPE provides free financial counseling to Kentucky residents
• Initiative aligns with responsible gaming practices and community impact goals
• Expansion of successful program previously launched in Massachusetts

Negative

• None.

Free financial counseling expands in Kentucky one year after the launch of mobile sports betting

Partnership with leading organization dedicated to providing access to financial education and empowerment aims to help individuals understand how to best manage their personal finances for long-term financial security

NEW YORK, Sept. 17, 2024 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, today announced a second $1 million donation to Operation HOPE, the nation's leading non-profit dedicated to financial literacy, to promote financial empowerment and expand access to free financial counseling to residents of Kentucky. The announcement comes one year after the launch of mobile sports betting in the state and reinforces FanDuel's commitment to responsible gaming practices by improving access to personal financial literacy education.

Through the expanded partnership, Operation HOPE will implement its HOPE Inside program and provide Kentucky residents access to Financial Wellbeing Coaches. The coaches will offer virtual and in-person financial health sessions across the state at no cost. Coaching sessions provide individuals with financial knowledge and tools to create a secure future, including helping with strategies to best manage entertainment spending, build savings, improve FICO (credit) scores and decrease debt. More information on how to sign up for coaching sessions can be found HERE.

"FanDuel believes in the importance of financial literacy education and how expanding access can promote and empower responsible gaming," said Alison Kutler, Vice President, Responsible Gaming and Community Impact at FanDuel. "By extending the impact of our Operation HOPE partnership to Kentucky, we are able to help fund access to financial counseling across the state and reinforce our commitment to giving back to the communities in which we operate."

"At Operation HOPE, we're proud to partner with FanDuel to help educate individuals about responsible gaming, budgeting and savings," John Battista, VP Partner Success at Operation HOPE said. "FanDuel has been a committed partner supporting our efforts to empower families and communities across the U.S. with the tools they need to thrive in today's economy,"

Earlier this year, FanDuel kicked off its partnership with Operation HOPE by donating $1 million and expanding access to the HOPE Inside program in Massachusetts, with the Kentucky expansion representing the next phase of the partnership. FanDuel and Operation HOPE will release content across digital OOH, radio and paid social to promote the program in Kentucky and drive awareness of the availability of free financial counseling.

For more information on the partnership, visit HopeInsideKY.com.

About FanDuel Group
FanDuel Group is the premier mobile gaming company in the United States. FanDuel Group consists of a portfolio of leading brands across mobile wagering including, America's #1 Sportsbook FanDuel Sportsbook, its leading iGaming platform FanDuel Casino, the industry's unquestioned leader in horse racing and advance-deposit wagering, FanDuel Racing and its daily fantasy sports product. In addition, FanDuel Group operates FanDuel TV, its broadly distributed linear cable television network and FanDuel TV+, its leading direct-to-consumer OTT platform. FanDuel Group has a presence across all 50 states with approximately 17 million customers and 25 retail locations. The company is based in New York with offices in Los Angeles, Atlanta and Jersey City, as well as in Canada, Scotland, Ireland, Portugal, Romania and Australia. FanDuel Group is a subsidiary of Flutter Entertainment plc, the world's largest sports betting and gaming operator with a portfolio of globally recognized brands and traded on the New York Stock Exchange (NYSE: FLUT).

About Operation HOPE, Inc. 
Since 1992, Operation HOPE has been moving America from civil rights to "silver rights" with the mission of making free enterprise and capitalism work for everyone—disrupting poverty for millions of low and moderate-income youth and adults across the nation. Through its community uplift model, 'HOPE Inside', which received the 2016 Innovator of the Year recognition by American Banker magazine, Operation HOPE has served more than 4 million individuals and directed more than $3.2 billion in economic activity into disenfranchised communities—turning check-cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners, minimum wage workers into living wage consumers, and uncertain disaster victims into financially empowered disaster survivors. Operation HOPE recently received its eighth consecutive 4-star charity rating for fiscal management and commitment to transparency and accountability from the prestigious non-profit evaluator, Charity Navigator. In 2023, HOPE launched The 1865 Project, an initiative designed to help level the economic playing field for underserved Americans. For more information visit OperationHOPE.org or join the conversation online @operationhope.

Media Contact:
FanDuel Group / press@fanduel.com
Operation HOPE / la@persemediagroup.com

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SOURCE FanDuel Group

FAQ

What is FanDuel's latest initiative in Kentucky regarding financial literacy?

FanDuel has announced a $1 million donation to Operation HOPE to expand free financial counseling services in Kentucky, one year after the launch of mobile sports betting in the state.

How will Kentucky residents benefit from FanDuel's partnership with Operation HOPE?

Kentucky residents will have access to free virtual and in-person financial health sessions through Operation HOPE's HOPE Inside program, offering guidance on managing entertainment spending, building savings, improving credit scores, and decreasing debt.

When did FanDuel start its partnership with Operation HOPE?

FanDuel kicked off its partnership with Operation HOPE earlier in 2024 with an initial $1 million donation to expand the HOPE Inside program in Massachusetts.

How is FanDuel promoting the financial literacy program in Kentucky?

FanDuel and Operation HOPE will release promotional content across digital OOH, radio, and paid social media to raise awareness about the availability of free financial counseling in Kentucky.