The FanDuel sportsbook lost several million dollars after some lucky bettors cashed out on a seven-leg home run parlay that carried +911,600 odds.
On Monday, multiple FanDuel sportsbook users placed $11 on a seven-leg home run parlay with odds of +911,600. When Washington Nationals star James Wood homered against the San Diego Padres, lucky users took home lucrative six-figure payouts that added up to $2.2 million in losses for FanDuel:
Blessed 🙌 https://t.co/PNfiRUPiy4 pic.twitter.com/u9YAZMiW48
— JB 🍀 (@onlyparlays_) June 24, 2025
According to a NJ based VIP Rep of #FanDuel : They lost over $2.2 Million on an enormously circulated HR parlay last night that was capped off with James Woods hitting HR vs Padres.
— IB THE GAMBLER 🔌 (@incarceratedbob) June 24, 2025
FanDuel immediately made rules changes (T&C) that will now allow them to not pay gamblers who… pic.twitter.com/XydZcFzBos
X/Twitter user @onlyparlays_ shared a screenshot of their winnings, thanks to home runs from Wood, Aaron Judge (New York Yankees), Elly De La Cruz (Cincinnati Reds), Ronald Acuña Jr. (Atlanta Braves), Cal Raleigh (Seattle Mariners), Ketel Marte (Arizona Diamondbacks) and Christian Yelich (Milwaukee Brewers).
Multiple users on “X” also claim that FanDuel updated their terms and conditions to try and “void” the seven-leg parlay. Per Grant Mitchell of Covers.com, the sportsbook paid out the parlays to each winning customer and shared the following statement:
“Please note that this language is standard in our Terms & Conditions has not changed and is relevant in cases involving fraudulent behavior.”
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The sportsbook also encouraged betting with friends, noting it’s “more fun” and “something we embrace.”
Headquartered in New York City, the sportsbook has partnerships with each of the “big four” North American professional sports leagues in the NFL, NBA, NHL and MLB.
The sports betting industry in the United States has skyrocketed since 2018, when the Supreme Court of the United States overturned the Professional and Amateur Sports Protection Act of 1992 (PASPA). The court ruled that the act, which barred sports betting in most parts of the country, violated the Tenth Amendment.
FanDuel Is One Of America’s Largest Sportsbooks
Thanks to excellent marketing/advertising and their booming partnerships with top sports leagues, FanDuel has emerged as one of the nation’s largest sportsbook. The company reportedly generated $5.79 billion alone in 2024, a noticeable jump from the 2023 reported revenue of $4.4 billion.
Also Read: REPORT: Joe Burrow’s Father Allegedly Won A Total Of $400,000 Betting On His Son
