- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
Flutter Raises Earnings Guidance, Reports 30% Jump in Q3 Revenues

Flutter Entertainment raised its earnings guidance on Wednesday, as betting customers grow. The group reported a 30% increase in revenue in Q3.
EBITDA Up By 2.4% From Previous Forecast
Betting giant Flutter Entertainment (FLTR), the owner of Paddy Power, Betfair, and Poker Stars raised its full-year operating profits guidance on Wednesday and reported a 30% increase in third-quarter revenues.
Flutter, the world’s biggest betting group, expects an EBITDA (earnings before interest, taxes, depreciation, and amortization) of £1.275 million to £1.350 million ($1.69 million to $1.79 million), up by 2.4% from the forecast in August. The company said its performance in sports and gaming in the third quarter outside the US exceeded expectations.
Flutter Focuses on US Market
An EBITDA loss of £160 million to £180 million is expected for 2020 in the US, which was also raised from the £140 million to £160 million previously announced. Flutter invested £800 million into the US market in May in order to boost growth, as more and more states soften wagering rules.
Flutter’s focus on the US is also a result of the anticipated changes in the UK gambling legislation and the £50 million decrease in revenue expected in Germany.
Flutter announced on Wednesday that its brands FanDuel and FoxBet have remained market leaders with 46% share in online sports betting. FanDuel recorded two times more customers during Q3 on a like-for-like basis, pushed by partnerships with US radio and broadcasting leader Entercom and AT&T’s sports TV subsidiary Turner Sports.
Sports brand launches have been facilitated by the implementation of online registration in some states, such as Illinois.
Flutter’s Betfair reported a record amount of bets placed during the US elections, with nearly £600 million.
The group also reported an overall 41% year-on-year increase in daily customers in the US and a higher than expected new customer rate.
In Australia, turnover rose by 76% year-on-year while its UK brands, Paddy Power and Betfair, generated 14% more revenue online compared to last year.
Related Topics:
Mathilde has been writing for over 5 years, with 3 of those years as a specialist in the iGaming industry covering headlines across the world. With her honed research and reporting expertise, Mathilde has solidified her position as a regular author for Gambling News. Outside of work, she enjoys studying sculpture which is one of her other strong passions.
Next Article

Business
November 12, 2020
888poker to Award $1M to Celebrate Mobile and Desktop Upgrade
Must Read
Business
August 29, 2025
CMA to Investigate Sportradar’s Merger with IMG Arena
Business
September 2, 2025
Pine Sports and SharpSports Merge to Reach Greater Heights
More Articles
Casino
September 4, 2025
Penn Entertainment to Open New Tower at M Resort in December
Legal
September 4, 2025
Koi Nation’s Sonoma Casino Plans Stall After Federal Court Ruling
Lottery
September 4, 2025
New Jersey Player Wins $150K from Jersey Cash 5
Casino
September 4, 2025
Two Players Win Slot Jackpots at Delaware Park Casino
Sports
September 4, 2025
Gambling Isn’t Bad If Done Responsibly, Says Leading US Trade Group
Lottery
September 4, 2025
Powerball Jackpot Hits $1.7B as Winning Remains Elusive
Business
September 4, 2025
Polymarket Cleared to Relaunch US Prediction Market
Lottery
September 3, 2025
Ohio Man Wins $500,000 from the Lottery in Time of Need
Legal
September 3, 2025
California Court Rejects High 5’s Motion in Sweepstakes Casino Lawsuit
Industry
September 3, 2025
IRS Cracks Down on Illegal Sports Gambling as Football Season Looms