Flutter Entertainment has acquired Boyd Gaming's 5% stake in FanDuel, enhancing its ownership to 100% and strengthening its position in the U.S. online sports betting market.

Information on the Target

Flutter Entertainment (NYSE: FLUT; LSE: FLTR) is recognized as the world's leading online sports betting and iGaming operator. On July 10, 2025, Flutter announced a significant milestone in its growth strategy by extending its long-term strategic partnership with Boyd Gaming Corporation until 2038. As part of this agreement, Flutter will acquire Boyd's 5% stake in FanDuel Group, further consolidating its position in the competitive U.S. sports betting market.

The acquisition entails a payment of approximately $1.755 billion, which will elevate Flutter's stake in FanDuel to 100%. FanDuel holds a prominent position in the U.S. gaming landscape, commanding a robust 43% market share in sports betting and 27% in iGaming. This acquisition allows Flutter to solidify its domain as the number one player in the U.S. market, driven by unique competitive advantages.

Industry Overview in the U.S.

The online sports betting and iGaming industry in the United States has experienced rapid growth in recent years, driven by legislative changes and increased acceptance of gambling. In 2018, the Supreme Court's decision to strik