• Loading stock data...
Wednesday, September 10, 2025
Tuned In is Almost Sold Out! Limited Tickets Remain!

Flutter Entertainment Cashes In on FanDuel

  • Flutter Entertainment posted a 27% increase in revenue to roughly $9.19 billion.
  • FanDuel has a 50% market share in the U.S. sports betting market.
A view of the Flutter Entertainment headquarters and brand portfolio.
Flutter Entertainment

FanDuel, which claims it has a 50% market share in the U.S. sports betting market, continues to pay off for its parent company.

Flutter Entertainment, which also owns Betfair, Paddy Power, and PokerStars, posted a 27% increase in revenue to roughly $9.19 billion for its preliminary 2022 results, with average monthly players increasing 26%, attributed to expansion in the U.S. and benefits of the acquisitions of Sisal and Tombola. 

The increase in revenue was driven by a 67% sales jump in FanDuel, which is on track to become profitable this year.

In the U.S., Flutter’s revenue reached $3.2 billion.

But Flutter took a hit of around $47.8 million in December due to “customer friendly results” during the World Cup and in the Premier League. 

As of Dec. 31, the company’s net debt was around $5.5 billion.

Public Possibilities

Earlier this month, Flutter said its board is consulting with shareholders to gauge their interest in a listing on the U.S. stock exchange.

The company’s board reached the view that “an additional U.S. listing of Flutter’s ordinary shares will yield a number of long-term strategic and capital market benefits,” according to the Financial Times. 

The company would take a vote at its annual meeting in April after consulting with shareholders. The vote would require 75% approval.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Eagles

FanDuel Paying $80K for Eagles Trains Amid Transit Funding Fight

The gambling company is giving stopgap transit funding in Philadelphia.
during the fourth quarter at Memorial Stadium in Clemson, S.C. Saturday, August 31, 2025.

Underdog Bets on Prediction Markets With Crypto.com Deal

Sports event contracts will be offered in 16 states.
A view of the FanDuel Sportsbook betting area at Belterra Park Cincinnati.

FanDuel Enters Prediction Markets, but With No Sports

The company is partnering with derivatives exchange CME Group.
Cincinnati Bearcats quarterback Brendan Sorsby (2) attempts to gain possession of the ball against West Virginia Mountaineers players in the second quarter of a college football game between the Cincinnati Bearcats and West Virginia Mountaineers, Saturday, Nov. 9, 2024, at Nippert Stadium in Cincinnati.

Power 4’s Next Era: Will Player Availability Reports Fuel Betting Ties?

The Big 12 became the final Power 4 conference to require injury reports.

Featured Today

Sep 7, 2025; Orchard Park, New York, USA; Buffalo Bills fans react during the fourth quarter against the Baltimore Ravens at Highmark Stadium.

As Bills Ascend, Their Next Frontier Lies in Canada

Buffalo and the powerful Canadian entity MLSE come together in a new pact.
opinion
September 9, 2025

The Good, The Bad, and The Ugly from NFL’s Week 1 Broadcasts

Many viewers decried the addition of ads to “NFL RedZone.”
Aug 23, 2025; Tampa, Florida, USA; Buffalo Bills quarterback Josh Allen (17) leads the team onto the field for warm ups before a game against the Tampa Bay Buccaneers at Raymond James Stadium.
September 7, 2025

Slow Burn: The NFL’s Private-Equity Era So Far

Three deals have been struck to date. But the league is bullish.
Tennis
September 5, 2025

The US Open Is Groaning Under the Weight of Its Own Success

New York’s tennis major is more popular than ever.
Jonathan Mariner

Former MLB CFO Jumps to PE, Says Teams Are Undervalued

Mariner worked in Major League Baseball for 24 years.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
James Harden
April 24, 2025

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.