Earnings at Paddy Power owner rise 23% as it eyes bigger US pot

Total US betting and gambling market to exceed €16bn by 2025

The world's largest online betting group reported full-year 2020 earnings before interest, tax, depreciation and amortisation of €1.62bn. Picture Denis Minihane.

Full-year earnings at Paddy Power, Betfair and Poker Stars owner Flutter Entertainment rose by 23%, as it maintained its leading position in a booming US market that it said could grow to twice the size previously estimated.

The world's largest online betting group reported full-year 2020 earnings before interest, tax, depreciation and amortisation (EBITDA) of €1.62bn, ahead of the range it forecast in November.