Flutter aims for fivefold revenue growth in US

Gambling firm’s US arm FanDuel expects to see earnings hit $5 billion within eight years

Quarterly revenue at FanDuel, the US arm of gambling giant Flutter, exceeded $750 million for the first time in the second quarter of the year. Picture: Reuters

Flutter, the gambling giant, is aiming to grow its earnings in the US alone to $5 billion within eight years, according to an update given to investors earlier this month.

FanDuel, Flutter’s US betting arm, told investors at its capital markets day in New York on November 16 that it had the potential to grow its 2022 revenue fivefold once the business reached maturity in the US.

While Flutter did not put a figure on ...