- With FanDuel averaging about 1 million players every NFL weekend, Flutter Entertainment expressed confidence that its US division, which includes FanDuel, will be profitable in 2023.
- Breaking down Flutter’s financials, revenue from US sports betting was up 106% year-over-year. FanDuel remains the most prominent online sportsbook in the US, with a market share of 19%.
- Flutter continues to prepare for launches in Maryland, Massachusetts, and Ohio in Q1 2023.
“We are increasing our revenue guidance in the US by $100 million at the midpoint, reflecting the fantastic performance across Q3.”
With FanDuel averaging about 1 million players every NFL weekend, Flutter Entertainment expressed confidence that its US division, which includes FanDuel, will be profitable in 2023.
During a trading update to discuss Q3 2022 on Wednesday, the Dublin-based gaming giant nudged its full-year revenue guidance for the US division up to a range of $2.95 billion to $3.2 billion — it ranged from $2.85 billion to $3.1 billion previously.
“As we look to the remainder of 2022, we are increasing our revenue guidance in the US by $100 million at the midpoint, reflecting the fantastic performance across Q3,” CEO Peter Jackson said during the call. “The additional revenue will help fund the launch in Maryland later this year, a state we originally expected to launch in 2023.”
FanDuel Preparing to Launch in Three States in Q1 2023
Flutter continues to prepare for launches in Maryland, Massachusetts, and Ohio in Q1 2023.
