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...

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