Company Announcements

Flutter capital markets event

Source: RNS
RNS Number : 6269G
Flutter Entertainment PLC
16 November 2022

16 November 2022

Flutter capital markets event showcasing FanDuel

Number one US sports betting and iGaming business


Flutter, the world's leading sports betting and iGaming business, is today hosting an event for investors and analysts at 25 Cipriani, Broadway, New York showcasing its US business, FanDuel. The event will also be streamed virtually.

FanDuel is the number one operator in the US today with a 42% share of the US online sports betting market and a 18% share of the US iGaming market. This leading position is underpinned by a range of sustainable competitive advantages, alongside access to unique benefits enabled by the Flutter Group. The FanDuel Advantages coupled with the Flutter Edge have produced a winning position of unparalleled scale which ensures that FanDuel:


1.         Acquires customers more efficiently

2.         Retains customers for longer; and

3.         Grows customer value more effectively

Excellent operational execution is driving significant momentum for our FanDuel flywheel, creating a virtuous circle where our scale advantage continues to compound and ensures we maintain our economic advantages and our clear number one position.

We are confident in a path to a 2030 total addressable market of more than $40bn in gross gaming revenue which represents growth of 4.5 times the size of the market today. By continuing to leverage the FanDuel Advantages and Flutter Edge, this would imply a significant runway of future revenue growth for FanDuel. With mature EBITDA margins expected to be equivalent to those in existing Flutter divisions of 25-30%, this growth potential would imply significant levels of long-term profitability, transforming the Flutter Group.

Peter Jackson, Chief Executive, commented:

"The US market represents the single biggest opportunity in our sector today and we are proud to own FanDuel, the premier asset within this market. The business has transformed the Flutter Group, performing better than we could have hoped and growing tenfold since PASPA was repealed in 2018.

FanDuel's success demonstrates the importance of global scale combined with local leadership and expertise. A clear strategy focused on the customer has delivered the number one position that FanDuel enjoys today and will continue to ensure FanDuel is the long-term market winner. Today we will demonstrate the superior business model underpinning FanDuel's success, which has ensured that our US division is on course to deliver profitability for the full year 2023. The superior economics that FanDuel enjoys as the market leader, represents an enormous value creation opportunity for the Group as our US business continues to grow.

Amy Howe and the leadership team have done a phenomenal job in executing on FanDuel's strategy to date and we remain excited about continuing FanDuel's success story."


Analyst briefing: 

The event, including remote registration, can be accessed virtually here. The presentation and live stream will commence at 2pm EST (7pm GMT). Q&A participation will be limited to analysts attending in-person. Registration for in-person participation is now closed.







Investor Relations:


Paul Tymms, Group Director of Investor Relations and FP&A

+ 44 75 5715 5768

Ciara O'Mullane, Investor Relations

+ 353 87 947 7862

Liam Kealy, Investor Relations

+ 353 87 665 2014





Kate Delahunty, Corporate Communications

+ 44 78 1077 0165

Lindsay Dunford, Corporate Communications

+ 44 79 3197 2959

Rob Allen, Corporate Communications

+ 44 75 5444 1363

Billy Murphy, Drury Communications

+ 353 1 260 5000

James Murgatroyd, Finsbury

+ 44 20 7251 3801


About Flutter Entertainment plc:

Flutter Entertainment plc (the "Group") is a global sports-betting and gaming company reporting as four divisions:

•       US: includes FanDuel, TVG, Stardust, FOX Bet and PokerStars brands, offering regulated real money and free-to-play sports betting, online gaming, daily fantasy sports and online racing wagering products to customers across various states in the US and Canada.

•       UK & Ireland: includes the Sky Betting and Gaming, Paddy Power, Betfair and Tombola brands offering a diverse range of sportsbook, exchange and gaming services across the UK and Ireland, along with over 600 Paddy Power betting shops.

•       Australia: the Sportsbet brand offers online sport betting and is the Australian market leader.

•       International: includes PokerStars, Sisal, Adjarabet, Betfair and Junglee operating in multiple jurisdictions around the world offering a diverse range of sportsbook, exchange and gaming services.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.