FanDuel owner Flutter loses big to NFL fans

FanDuel’s Owner Flutter Warns Of Profit Drop After Gamblers Hit Winning Streak
International sports betting operator Flutter has warned of a hit to revenues and profits after U.S. gamblers enjoyed a string of winning bets on the NFL.
Even the house can lose: Why FanDuel owner Flutter took a $370 million hit on NFL games
Flutter said this football season has seen the most “customer-friendly” NFL outcomes since the launch of online sports betting.
FanDuel Owner Flutter Cuts Guidance as NFL Favorites Keep Winning
FanDuel owner Flutter Entertainment cut its fourth-quarter U.S. guidance late Tuesday, blaming gamblers who won big by backing favorites. The current NFL season “has been the most customer-friendly since the launch of online sports betting,
Flutter Cuts US Guidance as NFL Gamblers Ride Winning Streak
DUBLIN (Reuters) - Flutter, the world's largest online betting company, said on Tuesday it expects 2024 earnings at its fast-growing U.S. FanDuel brand to be sharply lower after American football gamblers enjoyed an unprecedented winning streak.
FanDuel Parent Flutter Entertainment Cuts Outlook as Too Many NFL Favorites Won
Flutter Entertainment Plc warned that its U.S. results will be lower than anticipated because too many NFL favorites won this season, giving customers better payouts.
Flutter profits hit as US gamblers win big on NFL games
FanDuel and Paddy Power owner says results were most ‘customer friendly’ since launch of online sports betting
FanDuel Parent Warns: NFL Bettors Won Too Much
It looks like the House doesn’t always win. FanDuel parent Flutter Entertainment again lowered its estimates for 2024, citing the most customer-friendly NFL season “since the launch of online sports betting with the highest rate of favorites winning in nearly 20 years.
FanDuel Owner Flutter Cuts Guidance. Blame Sports Bettors Winning Big on the NFL.
Some of the National Football League’s strongest teams are having dominant seasons—and that’s helping sports bettors beat the house. FanDuel owner Flutter Entertainment cut its fourth-quarter U.S. guidance late Tuesday,
Flutter Entertainment rises Friday, outperforms market
Flutter Entertainment PLC FLTR shares rose 1.29% to £204.70 Friday, on what proved to be an all-around dismal trading session ...
Latest NFL season highlights financial risks for sports betting companies when so many favorites win
FanDuel and its key rival DraftKings have both showed investors that the house can indeed lose, or at least lose more than ...
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Flutter issues US profit warning amid “very unfavourable” sports results
Flutter is likely to fall around $370 million short of US revenue expectations following “very unfavourable” sports results ...
Detroit Lions Take A Bite Out Of Sportsbooks: Analyst Advises Patience After Flutter Cuts Guidance
The Detroit Lions and other NFL betting favorites hurt revenue and profits for sportsbooks. Here's what one analyst says ...
Bet On It: Customer friendly results adversely impact Flutter U.S. revenue guide
Welcome to the latest edition of “Bet On It,” where The Fly looks at news and activity in the sports betting and iGaming space. Stay Ahead of ...
Lions' Week 17 win over 49ers results in $74 million loss for sportsbook
The outcome was meaningless for the teams on the field, but the 49ers-Lions game cost one sportsbook dearly on Monday night ...