FanDuel TV Shutting Down, Over 100 Jobs Cut by End of 2026

FanDuel TV told its employees in a company-wide video meeting that the racing network will be phased out over the next 20 months, eliminating over 100 jobs by November 2026. The announcement landed hard in horse racing media circles: CEO Amy Howe told workers that "continuation of the network did not align with the company's long-term strategy."

The dismantling will happen in stages. The channel will honor its current broadcasting commitments through this year's Triple Crown, including the Keeneland Spring Meet, but will then cut 60% of its workforce in June. Remaining employees will be kept on until November of this year. Andrew Moore, general manager of racing for FanDuel, spelled out what comes after: in-studio production and on-air hosts will be reduced beginning in July, with FanDuel TV retaining hosts and analysts on-site at Del Mar's summer and fall meets, Keeneland's fall meet, and the Breeders' Cup. Beginning in December, there will be no in-studio production at all.

FanDuel TV will continue to broadcast racing through the end of 2027 without any in-studio production, with Moore telling the Paulick Report, "We will also fulfill any track production commitments we have through 2027." Crucially, the FanDuel Racing and TVG account deposit wagering platforms will continue to operate. Race coverage will also remain available through the FanDuel TV+ OTT app and streaming at FanDuel.com/watch. Programming on those platforms will be the same coverage that viewers will see from their cable providers, with no difference in programming.

The reach numbers tell part of the story behind this decision. FanDuel TV remains available on various television streaming services and reaches about 30 million households across DirecTV, Dish, Hulu, Comcast, Verizon, Charter/Spectrum, Optimum, YouTube TV, and NCTC, down from about 50 million a few years ago. Losing a third of your distribution in a few years is the kind of erosion that accelerates hard conversations about whether a linear studio model still makes financial sense.

The wagering side of the business remains substantial, even as FanDuel/TVG trails its closest competitor. FanDuel/TVG handled $2.239 billion through the Oregon Racing Commission hub in 2025, a slight increase from the previous year but less than its wagering totals in 2023, 2021, and 2020. FanDuel/TVG had a 32.8% market share of the $6.824 billion in wagers bet through the Oregon hub in 2025, second to Churchill Downs Inc.-owned TwinSpires, which had a 37.7% share. The gap between FanDuel/TVG and TwinSpires is roughly five points of market share on a $6.8 billion pool, a deficit that makes every dollar spent on a linear studio harder to justify to a parent company focused on core betting infrastructure.

Moore noted that FanDuel conducted a thorough review of the business and that "the investments needed to support a linear network didn't align with its long-term strategy," with FanDuel directing its investments "toward the areas most critical to its long-term roadmap and core businesses."

What FanDuel TV's phase-out does not mean is the end of horse racing on FanDuel's platforms. The TVG brand survives, the wagering hub continues, and live racing will still reach screens through streaming. What ends is the studio infrastructure that has given the sport a permanent broadcast home since ODS Technologies launched a pilot program in Louisville in 1995, with TVG going nationwide on cable and satellite in 1999. The faces and sets that have framed American horse racing for nearly three decades will go dark by December. The races will still run.