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Nov 17 2022, 07:20 GMT
Flutter Entertainment
FanDuel investor event highlights enormity of US prize
- Sectors : Gaming
- Companies : Flutter Entertainment
DAVY VIEW
FanDuel’s investor event (hosted in New York on November 16th) highlighted Flutter Entertainment’s significant US opportunity in convincing fashion. Several structural advantages, underpinned by its strong local position and the benefits of being part of the broader Flutter group, suggest FanDuel enjoys unrivalled customer economics in the industry. Indicatively, its addressable market estimate ($40.5bn in 2030) and long-term EBITDA margin range (25-30%) equate to a c.$3.4-4.5bn mature EBITDA opportunity, materially ahead of current long-term forecasts and driving significant value creation for the group.
