Flutter US revenues up 55% as FanDuel makes up half of NJ market

Firm to take a $67m EBITDA hit following investments in customer acquisition soon after Pennsylvania launch

Flutter Entertainment’s US pro forma revenues climbed 55% to $194m in H1, with FanDuel now accounting for half the New Jersey betting market. However, EBITDA for the period slumped 75% year-on-year to $4m as CEO Peter Jackson warned the firm would be taking a FY19 $67m loss following investments in customer acquisition. Breaking down its revenue…

FanDuel | Finance | Flutter | Flutter Entertainment | New Jersey | Paddy Power Betfair | Pennsylvania | Peter Jackson