FanDuel is preparing to exit the horse racing television space, announcing plans to phase out its FanDuel TV network in a move that marks a major shift in how the sport is broadcast in the United States. The company confirmed the network will be wound down over approximately 20 months, with a full shutdown expected by the end of 2027.

The decision was communicated internally during a company-wide meeting, where executives stated the network no longer aligns with FanDuel’s long-term business strategy. More than 100 jobs are expected to be eliminated as part of the transition, with the majority of cuts taking place throughout 2026.

FanDuel TV, which traces its roots back to the Television Games Network (TVG) launched in 1999, has served as a central hub for daily racing coverage, major events, and wagering integration for more than two decades.

In the near term, coverage will continue largely unchanged. FanDuel is expected to honor existing broadcast commitments, including major events such as the Triple Crown and key race meets in 2026. However, the structure of that coverage will gradually shift.

Studio programming is expected to be reduced beginning this summer, with full studio operations ending later in the year. Beyond that, the network will transition to carrying primarily simulcast race feeds without on-site production or analysis before ultimately shutting down.

Despite the closure of the television network, FanDuel is not exiting horse racing entirely. The company is expected to continue operating its wagering platform, allowing customers to bet on races through digital channels even after the TV network ceases operations.

The move reflects a broader shift in sports media away from traditional linear television and toward digital-first platforms. For horse racing, however, the impact could be significant, as FanDuel TV has been one of the few consistent national outlets for the sport.

Without a dedicated television network, racing coverage is expected to become more fragmented, with increased reliance on streaming services, track feeds, and platform-specific broadcasts.

As the phase-out begins, the industry now faces a critical question: how the sport will maintain visibility and reach new audiences in the absence of one of its longest-running national broadcast partners.