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March 2, 2023
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March 3, 2023

Flutter Entertainment Posts 27% Annual Revenue Growth In Preliminary Results

March 3, 2023

Flutter Entertainment, parent company of FanDuel, has just announced its preliminary results for the the 2022 financial year, posting annual revenue of $7.7 billion, a 27% increase from its same prior year period. Flutters group EBITDA also jumped 27% to hit $918 million. Average monthly players grew by 26% from 8,146 to 10,245. Flutter went on to highlight their success throughout the year, especially in the US market as they have become the dominant leader of US sports betting with 50% of the the Q4 market share, not quire double DraftKings, but getting close. Of that, Maryland and Ohio were its most successful state launches.