American Gambling Markets Atlas (AGMA)

Operators / Flutter Entertainment

Flutter Entertainment

Operator · Flutter Entertainment plc · FLUT · Dublin, Ireland (operational HQ New York, NY)[1]

www.flutter.com

Formed Feb 2016 from merger of Paddy Power and Betfair; renamed from Paddy Power Betfair in 2019. Moved primary stock listing from LSE to NYSE in May 2024 (ticker FLUT); London is now secondary. Acquired Snaitech (Italy) Sept 2024 for €2.3B.

Subsidiaries: FanDuel

Financials

Market cap $13.8B · FLUT on NYSE · Oct 11, 2026[5]

Est. U.S. revenue $7.0B · FY2025 · US segment (FanDuel+TVG) total revenue per FY2025 10-K MD&A segment table[6]

20212025
Fiscal yearRevenue (USD)Net income (USD)Year end
FY2025$16.4B−$310MDec 31, 2025[4]
FY2024$14.0B$43.0MDec 31, 2024[4]
FY2023$11.8B−$1.2BDec 31, 2023[4]
FY2022$9.5B−$432MDec 31, 2022[3]
FY2021$8.3B−$923MDec 31, 2021[2]

Flutter Entertainment plc reported in GBP (and, for FY2016-2017, predecessor Paddy Power Betfair plc also in GBP) through FY2022. As a US domestic SEC filer, Flutter's FY2023 Form 10-K changed its reporting currency from GBP to USD, applied retrospectively; the 10-K recasts only the three years it presents (FY2023, FY2022, FY2021) into USD under US GAAP. FY2022 and FY2023 are already covered by Flutter's SEC XBRL data, so only the new, previously-uncovered year is recorded here: FY2021. No USD figures were found for FY2016-FY2020 — Flutter never restated those years into USD (the 29 February 2024 restatement announcement explicitly covers only 2021, 2022 and 2023 H1) — so this file omits FY2016-FY2020 rather than mixing in GBP figures.

Brands

Licenses

LicensedNot licensed
Alaska: Not licensedAKMaine: Not licensedMEVermont: Not licensedVTNew Hampshire: Not licensedNHWashington: Not licensedWAIdaho: Not licensedIDMontana: Not licensedMTNorth Dakota: Not licensedNDMinnesota: Not licensedMNWisconsin: Not licensedWIMichigan: LicensedMINew York: Not licensedNYMassachusetts: Not licensedMARhode Island: Not licensedRIOregon: Not licensedORNevada: Not licensedNVWyoming: Not licensedWYSouth Dakota: Not licensedSDIowa: Not licensedIAIllinois: Not licensedILIndiana: Not licensedINOhio: Not licensedOHPennsylvania: LicensedPANew Jersey: LicensedNJConnecticut: Not licensedCTCalifornia: Not licensedCAUtah: Not licensedUTColorado: Not licensedCONebraska: Not licensedNEMissouri: Not licensedMOKentucky: Not licensedKYWest Virginia: Not licensedWVVirginia: Not licensedVAMaryland: Not licensedMDDelaware: Not licensedDEArizona: Not licensedAZNew Mexico: Not licensedNMKansas: Not licensedKSArkansas: Not licensedARTennessee: Not licensedTNNorth Carolina: Not licensedNCSouth Carolina: Not licensedSCDistrict of Columbia: Not licensedDCOklahoma: Not licensedOKLouisiana: Not licensedLAMississippi: Not licensedMSAlabama: Not licensedALGeorgia: Not licensedGAHawaii: Not licensedHITexas: Not licensedTXFlorida: Not licensedFL
StateVerticalBrandLicenseStatusLaunched
MichiganOnline pokerWSOP Michiganactive[7]
New JerseyOnline pokerWSOP.comactive[8]
New JerseyOnline pokerPokerStars NJactive[8]
PennsylvaniaOnline casinoPokerStars Casino (Mount Airy)active2023[9]
PennsylvaniaOnline casinoFoxBetexitedNov 6, 2019[9]
PennsylvaniaOnline pokerWSOP (PA)activeJul 15, 2021[9]
PennsylvaniaSports (online)FoxBet Sportsbook (PA)exitedSep 7, 2019[10]
PennsylvaniaSports (retail)Mount Airy Sportsbook (retail)activeSep 11, 2019[10]

Sources

  1. Flutter Entertainment · retrieved Oct 10, 2026
  2. Flutter Entertainment plc - Form 10-K - FY2023 · retrieved Oct 11, 2026
  3. Flutter Entertainment plc Form 10-K filed 2025-03-04 · retrieved Oct 11, 2026
  4. Flutter Entertainment plc Form 10-K filed 2026-02-26 · retrieved Oct 11, 2026
  5. FLUT (FLUT) quote · retrieved Oct 11, 2026
  6. Flutter Entertainment plc - Form 10-K - FY2025 · retrieved Oct 11, 2026
  7. Authorized Online Gaming and Sports Betting Platform Providers in Michigan · retrieved Oct 10, 2026
  8. Internet Gaming Authorized Sites · retrieved Oct 10, 2026
  9. Licensed Interactive Gaming Certificateholders and Authorized Interactive Gaming Websites · retrieved Oct 10, 2026
  10. Sportsbook Master List · retrieved Oct 10, 2026