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Flutter Revenue Jumps 14.3% in 2019

27 February 2020 by Therese Williams

This story was published more than 3 years ago.

Retail and online gaming firm Flutter Entertainment have announced their full-year 2019 financial results, which show the company's revenues rose to £2.14 billion.

Financial indicators for the year ending December 31st, 2019 were:

  • Revenues up 14.3% to £2.14 billion
  • Sportsbetting revenues up 13.1% to £1.67 billion
  • Gaming revenues up 18.5% to £473 million
  • Online operations up 6.1% to £1.01 billion
  • Betfair down 1.8% to £666 million
  • Fixed-odds revenue flat
  • B2B revenue down 5%
  • Stakes down 4.9% to £5.18 billion
  • Betfair gaming revenue up 25.9% to £340 million
  • Australian revenues up 10.7% to £446 million

Commenting on the results Flutter CEO Peter Jackson said, "In the US, FanDuel finished 2019 as the largest online sportsbook and casino, less than 18 months after the launch of our sports betting operations. Our online market share during 2019 of 44% in the states where we have gone live is testament to the quality of our products, brand and team.

"We remain as confident as ever in the size of the prize in the US and in our strategic approach which positions us well for the future."

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About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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bgsharpe
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29 February 2020 - 1:02pm
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Seems like Flutter will count on their US affiliate Fan Duel to grow these numbers even further in 2020 and I guess that is what expected really although their traditional brands like Betfair have done the job in rest of the word as well.