FanDuel Owners Show Biggest Market Share In U.S. Sports Betting

Flutter

FanDuel parent company Flutter Entertainment shows that their online gambling imprint in the US is the largest operation. FanDuel pushed US gaming revenue up 81% in 2020. Flutter Entertainments US base is 40% larger than its closest competitor DraftKings. DUBLIN, Ireland – FanDuel has seen … Read more

LegalSportsBetting Brief: NC To Launch Sportsbooks In 2021 12/8/2020

DraftKings - Foxwoods Resort

Missouri has pre-filed three bills to make sports betting legal during the 2021 session while DraftKings partnered with Foxwoods Casino in Connecticut to make a push for 2021 sports betting legislation. Governor Roy Cooper of North Carolina agreed to the ratified Tribal Gaming Compacts that … Read more

Flutter Acquires 37.2% More of FanDuel, Giving It 95% Ownership

FanDuel - Flutter

Flutter Entertainment will be acquiring an additional 37.2% stake in FanDuel for $4.1 billion. Flutter will be purchasing the shares from Fastball Holdings. Flutter initially invested in FanDuel in 2018. NEW YORK – Flutter Entertainment has decided to further invest in sports betting by acquiring … Read more

Q3 Financials Show Flutter Leads The Legal Sports Betting Market

Flutter - FanDuel

Flutter Entertainment has released its Q3 financial report. The report shows that Flutter Entertainment is the number one sportsbook provider in the US. Reports show a 46% online sportsbook market share. DUBLIN, Ireland. – The Q3 numbers for Flutter Entertainment have been released via the … Read more

Sports Betting Stocks Take A Hit Due To Coronavirus

Casino Stocks

Many sports leagues around the world have suspended play or canceled major tournaments. Sports cancelations have led to sports betting stocks to take a hit. Industry heads are preparing to take hits due to the coronavirus for the next few months. NEW YORK – Sports … Read more

DraftKings For Sale? Discussions With Diamond Eagle Suggest So

For Sale Sign

Diamond Eagle Acquisition Corp., a special purpose acquisition company, is reportedly in advanced talks to buyout DraftKings. Rival daily fantasy sports and sports betting company, FanDuel, was bought out by U.K. firm Flutter last year. DraftKings and FanDuel tried to merge in 2016, though, pressure … Read more

Flutter’s Pre-Tax Profits Down, But Has Plans For Increasing Revenue

Paddy Power and Betfair re-branded as Flutter Entertainment

Paddy Power Betfair changed their name to Flutter Entertainment earlier this year. Flutter owns a majority stake in FanDuel Sportsbook. Executives from Flutter believe their revenue can increase ten-fold in the US. TALLAHASSEE, Fla. – As one of the first gaming operators to land a … Read more