Company watch: Flutter’s US gamble pays off as it flits towards a bright future

As more and more US states legalise online sports betting, the Irish gambling company looks set for a winning streak

7th November, 2021
Company watch: Flutter’s US gamble pays off as it flits towards a bright future
FanDuel remains the market leader in the US and Flutter continues to guide that net revenue from its US business will come in at between $1.8 billion and $2 billion for the year

Flutter’s future is shaping up as an exciting one, with the nascent US sports betting market offering unparalleled growth opportunities over the next decade to complement its more mature market positions in Ireland, Britain, Australia and beyond.

As if to underscore this, the Irish holding company, which owns Paddy Power, Betfair and other gambling brands, admitted last week that it was in a dogfight for new customers stateside with competitors offering extraordinary incentives...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

ECB paves way for Central Bank database of bank accounts and owners in the state

Fenergo reduced losses in 2021 but recruitment issues pose central business risk

Investment funds buy €260m worth of Kingspan shares