Flutter has spent heavily developing the US market through its main US subsidiary, FanDuel. Commercial online sports gambling has been opening up on a state-by-state basis in the US having previously been banned. The company said it acquired an additional two million users in the US in the first six months of this year.Revenue at the company’s UK and Irish business was up by 13 per cent on the back of product enhancements and recreational customer growth.
“Group performance in the period was very strong, with delivery of our strategic objectives resulting in pro forma Ebitda growth of 37 per cent,” Mr Jackson said. In the UK, he said his firm took market share while its Italian Sisal unit continued its “strong trajectory”. “This combined momentum helped offset the reduction in Australian profitability, due to more challenging Covid-related comparatives and a changing tax environment,” he said.
“The second half of the year has started well and we look forward to adding a US listing for Flutter shares later this year or early next year,” he added.
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