

Flutter Entertainment Secures Full Ownership of FanDuel with $1.755 Billion Deal
Flutter Entertainment, the world’s leading online sports betting and iGaming operator, has announced a significant deal to acquire the remaining 5% stake in FanDuel from Boyd Gaming Corporation. This acquisition secures Flutter’s full ownership of FanDuel, the premier asset in the US sports betting and iGaming market.
The agreement, which extends the strategic partnership between FanDuel and Boyd Gaming Corporation to 2038, includes Flutter paying approximately $1.755 billion to Boyd. This transaction is expected to complete in Q3 2025 and will be funded by additional debt financing.
FanDuel holds a dominant position in the US market with a 43% market share in sports betting and 27% in iGaming. The acquisition is part of Flutter’s strategy to leverage scale and drive more efficient market access costs, benefiting long-term adjusted EBITDA margin. The transaction is subject to customary closing conditions, including the receipt of certain regulatory approvals.
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