DAVY VIEW

Quotes attributed to the New York (NY) Governor suggest NY will include online sports betting in its upcoming budget as a direct response to COVID-19. Such a move would significantly increase the near-term addressable gambling market in the US, with favourable demand and supply dynamics suggesting the market could be particularly valuable for present operators. We believe Flutter’s prospects in NY are especially promising – it has secured market access, has an already established customer base in the state (via DFS and TVG) and has a proven market-leading proposition in neighbouring New Jersey (NJ).