• Loading stock data...
Sunday, August 31, 2025
The biggest names in sports media. All in one room. Get your ticket now!

Super Bowl Lifts FanDuel During $1.6B Quarter

  • The favorable quarter was driven by the company’s U.S. sports betting business.
  • The FanDuel owner also reported the sportsbook has 2.4 million customers.
Flutter

FanDuel owner Flutter Entertainment reported a favorable first quarter driven by the company’s U.S. sports betting business. 

Flutter — the world’s largest listed gambling group — generated $1.6 billion in revenue in Q1 2022, a 6% increase year-over-year. The company based in Dublin, Ireland saw its U.S. business pocket $574 million during the quarter, a 45% increase compared to the same period the year prior.

  • Super Bowl LVI provided FanDuel with its largest day ever for new customers.
  • FanDuel has 2.4 million U.S. customers with a 37% market share — the No. 1 U.S. sportsbook.
  • It launched in New York and Louisiana during the quarter.
  • Customers placed 19 million wagers over the entire men’s March Madness tournament.

Flutter bought Fastball Holding’s stake in FanDuel in 2020 for $4.2 billion, increasing its share from 58% to 95% for a total value of $11.2 billion. The investment is paying off now that 19 states have legalized online sports betting, providing access to over 100 million Americans. 

Struggling Partner

Flutter is also a partner of Fox Bet, which has struggled to be a leader in the U.S. betting market. Fox Corp.’s platform partnered with Flutter after the latter bought The Stars Group, the online gambling company that created Fox Bet, for $6 billion in 2019.

Fox Bet has struggled to gain traction due to its poor reach and overall technology. The app is only available in four states (Colorado, Michigan, Pennsylvania, and New Jersey) and has less than a 1% share of the U.S. online betting market outside Nevada.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Ohio State Buckeyes wide receiver Jeremiah Smith (4) celebrates with offensive lineman Donovan Jackson (74) after a touchdown catch against Notre Dame Fighting Irish in the first quarter during the College Football Playoff National Championship at Mercedes-Benz Stadium in Atlanta on January 20, 2025.

The Most Expensive Roster Year in College Football History

The House settlement created revenue-sharing—and a big NIL loophole.
Mar 12, 2024; Phoenix, Arizona, USA; Los Angeles Dodgers designated hitter Shohei Ohtani talks with translator Ippei Mizuhara in the dugout against the San Francisco Giants during a spring training baseball game at Camelback Ranch-Glendale.

Bookie Believes Shohei Ohtani ‘Was Aware’ of Interpreter’s Gambling

Mathew Bowyer ran the illegal gambling business used by interpreter Ippei Mizuhara.
Donald Trump Jr

Kalshi Advisor Donald Trump Jr. Joins Rival Polymarket Board

Polymarket appears to be on the verge of returning to the U.S.
Veronica Burton

Dildo Markets, Diaper Bidens: Polymarket, Kalshi Push Limits of Hawking Prediction Markets

The companies don’t face the same regulatory risk as traditional sportsbooks.

Featured Today

‘You’re Going to Get Beat Up’: The Liberty’s All-Male Practice Squad

A select group suits up weekly to take on the defending champs.
August 24, 2025

The Honey Deuce Effect: How Tennis Perfected the Signature Cocktail

Sold every 1.5 seconds, they total more than $12 million in sales.
Dec 21, 2024; Austin, Texas, USA; Texas Longhorns quarterback Arch Manning (16) warms up as the Texas Longhorns prepare to play the Clemson Tigers in the first round of the College Football Playoffs at Darrell K Royal Texas Memorial Stadium.
August 23, 2025

Schools Are Hesitant to Allow PE Into Their Athletic Departments

Regardless of budget, schools don’t believe the risk is worth the reward.
Oct 2, 2024; Rosemont, IL, USA; Big Ten commissioner Tony Petitti speaks with the media during the 2024 Big Ten Women’s Basketball media day at Donald E. Stephens Convention Center.
August 22, 2025

‘Not Ready to Jump In’: Power 4 Commissioners Aren’t Sold on PE

Top leaders in college sports have yet to see a satisfactory proposal.
Rob Bonta

Users Sue Daily Fantasy Companies After California Calls Them Illegal

Underdog Sports and Boom Fantasy were separately sued.
Malik Beasley
August 22, 2025

Malik Beasley Could Still Be Charged in Gambling Probe Despite Feds Dropping..

Beasley’s lawyer is hoping his client can return to the NBA.
Saquon Barkley
August 25, 2025

NFL Warns Prediction Markets Are Sports Betting With Less Oversight

League officials say the markets “mimic” sports betting.
Sponsored

Gareth Bale on MLS vs EPL, Retirement & Buying Cardiff City

Gareth Bale shares his post-soccer business playbook.
A view of the FanDuel Sportsbook betting area at Belterra Park Cincinnati.
August 20, 2025

FanDuel Enters Prediction Markets, but With No Sports

The company is partnering with derivatives exchange CME Group.
Dec 18, 2024; Inglewood, CA, USA; UNLV Rebels defensive back Rashod Tanner (41) celebrates after defeating the California Golden Bears in the LA Bowl at SoFi Stadium.
August 20, 2025

Robinhood Reactivates Sports Contracts in NJ and NV, Sues State Regulators

The suits were filed the same day Robinhood announced new football offerings.
Jan 20, 2025; Atlanta, GA, USA; Ohio State Buckeyes running back Quinshon Judkins (1) and quarterback Will Howard (18) celebrate after a touchdown against the Notre Dame Fighting Irish during the second half the CFP National Championship college football game at Mercedes-Benz Stadium.
August 19, 2025

Robinhood to Roll Out Football Prediction Markets

The new event contracts come on the heels of Kalshi’s expanded football offerings.
August 18, 2025

Limitations on Prop Bets Supported by NBA, Players’ Union

The union is trying to combat online and in-person harassment.