Archives for May 9, 2023

Flutter Sports Betting On Cruise Control. U.S. Business Booming

New Jersey Sports Betting Handle Smashes Own Record With $562.7 Million In NovemberPaddy Power owner Flutter Entertainment’s revenue rose 54 per cent to more than €2.7 billion in the first three months of the year, new figures show.

The Irish betting giant said on Wednesday that the average number of people betting regularly on its website rose 30 per cent to 12.3 million a month in the first quarter.

Flutter reported that revenue grew 54 per cent to £2.41 billion (€2.73 billion) in the three months ended March 31st, 2023, from £1.57 billion during the same period last year.

Revenue in its US business almost doubled, increasing 92 per cent to £908 million in the first quarter from £429 million during the opening…more on Flutter Sports Betting