Flutter Entertainment has made a significant move in the gambling industry by striking a deal to purchase the remaining 5% stake in FanDuel from Boyd Gaming Corporation. This $1.755 billion transaction effectively grants Flutter total ownership of FanDuel, a leading US sportsbook and iGaming platform. Valued at approximately $31 billion, this acquisition is poised to significantly impact the US sports betting scene. Scheduled to be finalized by the third quarter of 2025, pending regulatory approval, Flutter plans to cover the purchase through a bridge credit facility worth $1.75 billion. The strategic move underscores Flutter’s commitment to bolstering its presence in the burgeoning online gambling market.
This deal also signifies the extension of the long-standing partnership between Flutter and Boyd Gaming, which will now continue until 2038. According to the new terms, FanDuel is set to benefit from significantly lower market access fees in five key states: Indiana, Iowa, Kansas, Louisiana, and Pennsylvania. With Boyd facilitating market entry in these regions, these fee reductions are expected to cut Flutter’s annual expenses by around $65 million starting in July 2025. This financial realignment highlights the collaboration’s potential for creating a more cost-effective and streamlined market approach for FanDuel
This deal also signifies the extension of the long-standing partnership between Flutter and Boyd Gaming, which will now continue until 2038. According to the new terms, FanDuel is set to benefit from significantly lower market access fees in five key states: Indiana, Iowa, Kansas, Louisiana, and Pennsylvania. With Boyd facilitating market entry in these regions, these fee reductions are expected to cut Flutter’s annual expenses by around $65 million starting in July 2025. This financial realignment highlights the collaboration’s potential for creating a more cost-effective and streamlined market approach for FanDuel, thereby enhancing its competitive edge.
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