• Loading stock data...
Friday, August 1, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

Flutter Acquires Full Ownership of FanDuel in $1.75B Deal With Boyd Gaming

The deal is projected to deliver roughly $65 million in annual operating cost savings.

A view of the FanDuel Sportsbook betting area at Belterra Park Cincinnati.
Imagn Images

Flutter Entertainment has struck a deal to acquire the remaining 5% stake in FanDuel from Boyd Gaming for approximately $1.755 billion, securing full ownership of the dominant U.S. sportsbook. The deal is expected to close in the third quarter of 2025, according to the announcement from Flutter.

The $1.755 billion deal values FanDuel at approximately $31 billion. Boyd’s exit from FanDuel includes a $1.55 billion payment for the equity stake and an additional $205 million to change certain terms of the agreement. 

The deal is projected to deliver roughly $65 million in annual operating cost savings beginning July 1.

“With this transaction, we see Flutter looking to reduce ambiguity and present a cleaner story to investors,” analysts at Truist Securities wrote. “Flutter has now secured full ownership of FanDuel, its prized U.S. asset.”

Flutter first merged with FanDuel in 2018 and increased its ownership to 95% in 2020.

FanDuel dominates the U.S. sports betting space, with a 43% market share in sports betting and 27% in iGaming. In 2024, $50.8 billion was wagered on FanDuel, with the company reporting $5.79 billion in revenue. It also led in app downloads that year, logging 10.8 million, compared with 9.9 million for DraftKings. 

In 2024, nationwide sports betting revenue reached $13.71 billion, a 25.4% increase from 2023’s record of 11.04 billion, according to the American Gaming Association.

While Boyd Gaming exits from FanDuel’s ownership, the two companies will extend their partnership in certain states where Boyd provides market access under newly revised terms.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Emmanuel Clase

Emmanuel Clase Gambling Leave Not Costing Finlete Investors—Yet

Clase is the company’s only client currently in the majors.
Jun 21, 2025; West Sacramento, California, USA; Cleveland Guardians pitcher Emmanuel Clase (48) throws a pitch against the Athletics during the ninth inning at Sutter Health Park.

Guardians Star Closer Put on Paid Leave Amid Gambling Probe

Emmanuel Clase joins fellow Guardians pitcher Luis Ortiz on paid leave.
exclusive

Jim Phillips: ACC Cautious With Sports Betting Deals, Not Sold on PE

The conference is implementing new rules about injury reports.
Oneida Sports Wagering Lounge 02102022 0014

California Tribes Sue Kalshi and Robinhood

This is the latest in a series of lawsuits the prediction exchange is facing.

Featured Today

Las Vegas sign

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
2000, Jupiter, FL, USA; FILE PHOTO; Montreal Expos pitcher Hideki Irabu in action on the mound against the New York Mets at Roger Dean Stadium during Spring Training
July 28, 2025

Dead Sports Franchises Are Alive and Well on Twitter

The Expos, Sonics, and Whalers have active social media accounts.
Limited Hype
July 27, 2025

Sneaker Reselling Was Once Easy Money. Success Is Now Complicated

Vendors need to evolve what they’re selling and how they do it.
HAPPY GILMORE 2. BTS - (L to R) Adam Sandler as Happy Gilmore and Rory McIlroy as himself on the set of Happy Gilmore2.
July 26, 2025

‘Cool As Hell’: How ‘Happy Gilmore 2’ Hooked Golf’s Top Stars

The process was “cool as hell,” Adam Sandler tells FOS.
Polymarket

Polymarket Set to Become Legal in U.S. After Buying Small Exchange

Derivatives exchange QCX was recently licensed by the CFTC.
Mar 31, 2025; Washington, District of Columbia, USA; Miami Heat guard Terry Rozier (2) drives to the basket against Washington Wizards guard AJ Johnson (5) during the first quarter at Capital One Arena.
July 16, 2025

Terry Rozier’s Attorney Confirms He’s Still Under Federal Gambling Probe

Rozier finished the season playing for the Heat despite the federal probe.
Jun 9, 2025; Cleveland, Ohio, USA; Cleveland Guardians starting pitcher Luis Ortiz (45) reacts after giving up a home run during the fourth inning against the Cincinnati Reds at Progressive Field.
July 18, 2025

MLB Pitcher’s Paid Leave Extended Through August As Betting Probe Continues

Leagues have been dealing with a host of sports betting issues.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
The Department of Justice logo on a podium at the Louisville, Kentucky office. July 1, 2025
July 16, 2025

Prediction Market Platform Polymarket Says It Escaped Federal Probe

Prediction markets are having a moment.
DraftKings
exclusive
July 14, 2025

DraftKings in Talks to Acquire Prediction Market Railbird Exchange

Sportsbooks and prediction markets are becoming increasingly intertwined.
Mar 16, 2024; Las Vegas, NV, USA; The BetMGM Sportsbook at the Mandalay Bay resort and casino.
July 11, 2025

Support Grows to Repeal Gambling Tax in Trump Budget Bill

A new bill has been introduced in the Senate.
July 8, 2025

Betway Parent to Complete U.S. Exodus, Blames Tax Volatility

“Recent regulatory developments” were cited.