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.

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Stock Forecasts

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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.

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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.

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