Underdog Fantasy Net Worth (Updated 2025).

Underdog Fantasy, a innovative sports startup, was launched in 2020 by a group of friends who were passionate about fantasy sports and saw an opportunity to revolutionize the industry. The founders, with backgrounds in tech and gaming, came together with a shared vision to create a more engaging and user-friendly fantasy sports platform.

The company gained traction with its unique twist on fantasy sports, offering a daily fantasy sports (DFS) platform that focuses on smaller, more intimate leagues, often referred to as “underdog” leagues. This approach catered to casual players who preferred a more social and less competitive gaming experience. As word spread about Underdog Fantasy’s unique format and user-friendly interface, the company quickly amassed a dedicated user base, contributing to its swift rise in popularity.

Underdog Fantasy’s Current Net Worth (2025)

As of 2025, Underdog Fantasy’s current net worth is estimated to be around $1 billion, according to the latest available information. This figure reflects the company’s significant growth and success in the fantasy sports industry.

Career

Underdog Fantasy was founded in 2021 by Jeremy Levine and David Feldman, two former employees of FanDuel. The company quickly gained traction by offering a unique twist on fantasy sports, allowing users to draft players for individual games rather than entire seasons. This innovative approach has helped Underdog Fantasy carve out a niche in the competitive fantasy sports market.

Other Ventures

In addition to its flagship daily fantasy sports platform, Underdog Fantasy has also ventured into sports betting. In 2023, the company launched Underdog Sportsbook, offering users a chance to bet on a variety of sporting events. This expansion has further solidified Underdog Fantasy’s position as a major player in the sports gaming industry.

Assets

Underdog Fantasy’s primary asset is its user base, which has grown significantly since its launch. As of 2025, the company boasts over 2 million active users, making it one of the largest daily fantasy sports platforms in the United States. The company also owns its proprietary technology platform, which allows it to offer unique game formats and features to its users.

Annual Income

Underdog Fantasy’s annual income has seen steady growth since its inception. In 2024, the company’s revenue was estimated to be around $500 million, a significant increase from its first year of operation. This growth can be attributed to the company’s innovative game formats, strong user acquisition strategy, and expansion into sports betting.

Frequently Asked Questions about  Underdog Fantasy

Frequently Asked Questions: Underdog Fantasy Net Worth

1. What is Underdog Fantasy?

Underdog Fantasy is a daily fantasy sports platform that focuses on head-to-head and small group contests. It’s known for its unique scoring system and player props.

2. Who are the founders of Underdog Fantasy?

The founders of Underdog Fantasy are Jeremy Levine, Michael Zimman, and Michael Reisman.

3. When was Underdog Fantasy launched?

Underdog Fantasy was launched in 2020.

4. How does Underdog Fantasy make money?

Underdog Fantasy generates revenue through entry fees for its daily fantasy sports contests.

5. What is the estimated net worth of Underdog Fantasy?

The latest estimated net worth of Underdog Fantasy is $100 million.

6. How does Underdog Fantasy’s scoring system differ from other DFS platforms?

Underdog Fantasy uses a scoring system that rewards players for their individual statistics, rather than team-based statistics. It also offers player props and unique contest formats.

7. Is Underdog Fantasy legal in all states?

No, daily fantasy sports are not legal in all states. Users should check their local laws and regulations before participating.

8. Can I play on Underdog Fantasy using a mobile device?

Yes, Underdog Fantasy offers a mobile app for both iOS and Android devices.

9. What sports are offered on Underdog Fantasy?

Underdog Fantasy currently offers contests for the following sports: NFL, NBA, MLB, PGA, and NASCAR.

10. How can I contact Underdog Fantasy customer support?

Users can contact Underdog Fantasy customer support through their website’s live chat feature or by email at [[email protected]](mailto:[email protected]).