Paddy Power owner Flutter expects profits to increase 34% in 2025

Betting giant saw record number of bets wagered at the Super Bowl as US growth continues to drive revenues

Flutter chief executive Peter Jackson said 2025 had started well including a record number of bets wagered at the Super Bowl. Picture: Carlotta Cardona/Bloomberg

Flutter, the owner of Paddy Power and the world's largest online betting company, expects to increase its core profit by around 34% this year following growth of 26% in 2024, driven again by its fast-growing and market-leading US brand FanDuel.

The Irish-founded company's growth has been transformed by a gambling boom in the nascent US market. Chief executive Peter Jackson expects gamblers there to be resilient to any knock on consumer impact from US president Donald Trump's imposition on Tuesday of 25% tariffs on Canada and Mexico.