US gambling market will balloon to more than $60 billion by 2030, FanDuel owner Flutter says

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Online Gambling,Mobile Gambling,Flutter

Flutter stock soared to an all-time high Wednesday as the company said it expects the US gambling market to grow by nearly 60% more than previously forecast.

a $5 billion share repurchase program and projected the US online gambling market will grow by nearly 60% more than it forecast two years ago.

Flutter announced Wednesday it expects revenue to increase 14% annually to reach about $21 billion in 2027, nearly double the $11.79 billion Flutter booked in 2023. Jackson noted that with nearly 60% revenue in the most recent quarter coming from outside the US, the company's global footprint remains a key part of the growth story."The Italian acquisition, that was a transaction that we did to make sure that we became the number one player in Italy," Jackson said.

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