Flutter Is Shutting Down FanDuel TV This Year — What It Means for Horse Racing Bettors and Fans

Flutter Entertainment has confirmed it will shut down FanDuel TV, the horse racing television channel previously known as TVG, before the end of 2026. The company disclosed the closure in its first-quarter earnings report as a single sentence and described it as a cost optimization decision. For horse racing bettors and fans, the loss of FanDuel TV eliminates a national broadcast home that the sport has relied on for more than two decades.

Flutter CEO Peter Jackson addressed the decision on the company’s earnings call only after an analyst asked directly. Jackson called it “relatively easy” for the company, explaining that strategic resources at FanDuel are being concentrated on sports gaming, iGaming, and prediction markets. FanDuel TV and the related FanDuel Picks product were identified as areas that do not align with those priorities. The channel will also close its FanDuel Picks service as part of the same initiative.

What the Closure Means for Racing Bettors

The most pressing practical question for horse racing bettors is whether their access to FanDuel’s advance-deposit wagering platforms will be affected. Based on Flutter’s communication to date, the ADW wagering operation is expected to continue after the television channel closes. FanDuel handled nearly one in three dollars wagered into U.S. pari-mutuel pools in the first quarter of 2026, making it the second-largest ADW in the country, and that operation appears to be staying in place for the near term.

For bettors who have used the TVG wagering app or FanDuel’s racing ADW, the television component and the wagering component are separate. Losing the TV channel means losing a discovery and entertainment tool, but it does not necessarily mean losing the ability to place pari-mutuel bets through FanDuel’s platforms.

A Broader Problem for Horse Racing’s Visibility

FanDuel TV’s significance to horse racing goes beyond providing a place to watch races. The channel served as a national platform that introduced casual fans to the sport, explained wagering options, and gave racing a consistent media presence in a country where network sports coverage has largely moved on. Its closure at the hands of a company that handles the majority of the sport’s online wagering volume illustrates the challenge racing faces in a gambling ecosystem where it no longer holds a privileged position.

Flutter reported a 17 percent increase in first-quarter revenue alongside a 38 percent drop in net income, showing the financial pressure the company is navigating. With its share price down more than 50 percent in 2026 and prediction market competition intensifying, the company is cutting operations that do not contribute directly to its core growth priorities. FanDuel TV did not generate significant revenue on its own, and for a company under that kind of financial pressure, the arithmetic was straightforward.

Racing industry stakeholders are reportedly working to identify alternative broadcast arrangements before the shutdown takes effect. The sport’s calendar runs through major events including Belmont Stakes, Travers Stakes, and Breeders’ Cup later in the year, and without FanDuel TV, finding replacement national coverage for those events becomes an urgent priority. No replacement arrangement has been announced publicly as of May 2026.