Paddy Power owner Flutter eyes larger-than-expected return from US gamble

Flutter expects better-than-expected returns from its US punt.

Paddy Power owner Flutter Entertainment has said the US online betting market – in which it is the number one player - could be worth as much as $20bn (€17bn) by 2025; double what it had previously estimated.

In what the group called a “transformational” and “historic” year, Flutter cemented its market-leading position in the US in 2020 through the completion of its mega takeover of North American gaming and betting giant the Stars Group – which owned the likes of SkyBet and Full Tilt Poker - and buying the remaining share of fantasy sports betting business FanDuel that it didn’t already own.