Flutter secures full control of FanDuel in $1.76 billion deal

In a significant development for the US betting landscape, Flutter Entertainment has finalized a deal to acquire full ownership of FanDuel, a leading US online sports betting company. This acquisition was announced on July 11, 2025, and involved purchasing the remaining 5% interest in FanDuel from Boyd Gaming for 1.76 billion US dollars. The deal values FanDuel at approximately 31 billion US dollars, affirming its position as a major player in the rapidly growing online gaming sector. Flutter had previously acquired a majority stake in FanDuel in 2018, marking the beginning of a strategic partnership that has now solidified with this recent transaction. Flutter's Chief Executive Officer, Peter Jackson, emphasized the importance of this acquisition for the group's long-term growth and value creation for shareholders, highlighting the strategic advantages FanDuel offers in the competitive landscape. The agreement includes an extension of the strategic partnership with Boyd Gaming, which is expected to remain in place until 2038 and is viewed as a mutually beneficial arrangement. Flutter anticipates that this acquisition will yield approximately 65 million dollars in annual savings starting July 1, further enhancing its operational efficiency. This acquisition plays into the larger trend of consolidation within the online gaming industry, where companies are frequently seeking greater market share and enhanced capabilities to meet the increasing demand for digital betting services. The deal is subject to customary regulatory approvals, and Flutter expects it to close within the current quarter, reflecting a proactive approach to expanding their influence in the lucrative US market. Overall, this move represents a significant strategic milestone for Flutter as it continues to dominate the online gaming industry in the United States, maintaining its lead in sports betting and iGaming.