FanDuel Settles with Jacksonville Jaguars for $5 Million Following $22 Million Sports Betting Fraud Case

• Jaguars recover partial funds after FanDuel settlement over fraud
• Team’s ex-finance manager Amit Patel sentenced for $22M theft
• Patel also sues FanDuel, citing gambling addiction exploitation

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The recent sports betting fraud case involving FanDuel has taken a dramatic turn. In a remarkable turn of events involving the high-stakes world of professional sports and sports betting, FanDuel has agreed to pay the Jacksonville Jaguars $5 million as partial restitution for a staggering $22 million embezzled by former finance manager Amit Patel. The settlement, as reported by ESPN, follows Patel’s guilty plea to wire fraud and related charges, highlighting the intense financial scrutiny within the industry as legal complexities impact both team assets and the broader landscape of sports wagering.

Patel was the sole administrator of the Jaguars’ virtual credit card system from 2018 to 2023, a role that enabled him to falsify transactions and siphon off funds undetected for years.

Background on the Fraud

In March 2024, Patel entered a guilty plea in federal court, admitting to embezzling $22,221,454.40 from the NFL franchise. Currently, he’s serving a 6½-year prison sentence. Back in early 2025, sources indicated that the compensation agreement was reached, with FanDuel opting to contribute funds to maintain a positive relationship with the NFL. FanDuel has held the title of “Official Sports Betting Partner” since 2021.

The Biggest Loser

During his time with the Jaguars, Patel transferred around $20 million to FanDuel and another $1 million to DraftKings while engaging in high-stakes daily fantasy betting.