US gambling market will balloon to more than $60 billion by 2030, FanDuel owner Flutter says
Published On Sep 25, 2024, 1:57 PM
Flutter, the owner of FanDuel, anticipates that the U.S. online gambling market will grow to over $63 billion by 2030, significantly higher than prior forecasts. The company has also announced a $5 billion share repurchase program and a projected annual revenue growth of 14% to reach $21 billion by 2027. Flutter's CEO highlighted that strong market share and future state legalization in major markets will contribute to this growth.
Stock Forecasts
FLUT
Positive
The growth of the U.S. gambling market offers a positive outlook for Flutter's stock, especially given its leading position in the sector. The anticipation of increased state legalization of mobile gambling further supports growth projections.
Related News
US gambling market will balloon to more than $60 billion by 2030, FanDuel owner Flutter says
Sep 25, 2024, 1:57 PM
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.