Flutter Entertainment Reports Continued FanDuel US Market Leadership in FY2024
Flutter Entertainment's FY2024 annual results confirmed FanDuel's continued leadership of the US online sports betting market, with the US segment building on its 2023 adjusted EBITDA profitability milestone and further expanding its position as the number one operator by market share.
Key Takeaways
- FanDuel maintained its position as the number one US online sports betting operator by market share in 2024
- Flutter Entertainment's US segment built on its FY2023 adjusted EBITDA profitability milestone
- Flutter reported its FY2024 results in early 2025, continuing the upward revenue trajectory
- FanDuel operated in more than 25 US states for sports betting and in all licensed US iGaming states by end of 2024
- New market entries including Missouri (following the November 2024 ballot measure) were expected to add future revenue
- Flutter Entertainment is listed on the New York Stock Exchange (primary listing) and Euronext Dublin
Why It Matters — Players
Why It Matters — Operators
Flutter Entertainment published its FY2024 annual results in early 2025, confirming that FanDuel maintained its position as the leading US online sports betting operator by market share throughout 2024. The US segment — which had achieved its first full-year adjusted EBITDA profitability milestone in FY2023 — continued to build on that foundation in 2024, demonstrating that Flutter's US business had transitioned successfully from an investment phase to a sustained earnings-generating operation.
FanDuel's Continued US Dominance
FanDuel's market leadership in the US online sports betting sector has been built over several years through a combination of factors: early market entry when states began licensing post-PASPA, sustained investment in marketing and brand recognition, product development across both sports betting and online casino, and the scale advantages that come from being the largest operator by customer volume. In 2024, FanDuel continued to operate across more than 25 licensed US states for sports betting and in all states where online casino (iGaming) gaming was licensed.
New Market Opportunities
Missouri's November 2024 ballot measure approval of Proposition M created a new state opportunity for FanDuel, which was expected to apply for a Missouri sportsbook licence and launch as one of the state's day-one operators. Missouri's population, professional sports teams, and the pent-up demand from residents who had been using offshore or out-of-state platforms were expected to make it one of the more commercially significant state launches since Ohio in January 2023.
Flutter's Global Position
Flutter Entertainment — the parent company that also owns Paddy Power, Betfair, Sky Betting & Gaming, PokerStars, and Sportsbet (Australia) — reported results across all its global divisions in its FY2024 annual report. The US segment, powered by FanDuel, remained the most strategically important growth driver for the group, with the scale of the US sports betting and iGaming opportunity far exceeding any other single market in Flutter's global portfolio.
Flutter's primary listing is on the New York Stock Exchange (following its January 2024 listing transfer), with a secondary listing on Euronext Dublin. The NYSE primary listing was specifically designed to improve Flutter's access to US investors and reflect the growing importance of its US business.
- Source:
- Flutter Entertainment
- Published:
- March 5, 2025
- Original Article:
- View Source
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