Paddy Power owner Flutter hits jackpot in the US as FanDuel turns a profit

In a trading update, Flutter posted group revenue of £4.8bn (€5.5bn), up 42% year-on-year.

Retail revenue also increased 11% across this market. By the end of June, Flutter operated 607 retail outlets, down from 614 in the same month a year earlier, with 356 in the UK and 251 in Ireland. Picture Denis Minihane.

Paddy Power owner Flutter reported its US market leading brand FanDuel has fueled earnings growth for the group in the first six months of the year.

The betting giant said the company reached a “transformation point” as FanDuel turned a profit for the first time.