Half Year Results 

Flutter gains US sports betting market share

Flutter gains US sports betting market share

Flutter Entertainment (FLTR), previously known as Paddy Power Betfair, made progress in building its American business over the first half of 2019. In New Jersey, its FanDuel brand continued as market leader with 50 per cent market share of sports betting. The group’s casino business in the state was said to be growing significantly, with its market share increasing to 15 per cent from around 10-11 per cent previously, presenting cross-selling opportunities with digital. This growth is coming at a cost, though, as investment in America is expected to result in a £55m cash profits loss in the US this year.

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