Flutter Entertainment has set a medium-term goal of doubling its corporate earnings to surpass $5 billion by 2027. This objective was outlined to shareholders of the NYSE-listed gambling group on Wednesday, as the company presented its strategic plan for growth. The strategy focuses on expanding in existing markets, entering new regions, and capitalizing on continued growth in the U.S.
Flutter highlighted the potential of the U.S. online gambling market (sports betting and casino), projecting it will grow to $63 billion by 2030 — an increase of over 50% from forecasts made in 2022. The company emphasized its leadership in the U.S. and internationally through its portfolio of brands, which benefit from the “Flutter Edge,” leveraging global expertise in product development and technology.
By 2027, Flutter expects around 80% of the U.S. population to have access to regulated sports betting markets as more states legalize online gambling. FanDuel, which currently holds the largest market share in U.S. sports betting, is anticipated to maintain its lead and significantly contribute to the group’s revenue growth.
Outside the U.S., Flutter is focused on expanding its global presence through strategic acquisitions. Recent deals include the €2.3 billion purchase of Italy’s Snaitech and a stake in Brazil’s Betnacional. These moves align with the company’s goal of tapping into new international markets and diversifying its revenue streams.
Flutter also projected a substantial rise in group revenues, aiming for $21 billion by 2027, up from the current estimate of $14 billion. To further incentivize shareholders, the company announced a $5 billion share buyback program, showcasing its confidence in future cash flow growth and long-term value creation.
CEO Peter Jackson: This will provide us with significant optionality for capital allocation, allowing us to be an “And” business with the capacity to invest for organic growth, and engage in value-creative M&A, and also return a significant amount of capital to shareholders. Our intention to deliver up to $5bn of share repurchases over the next three to four years reflects our confidence in Flutter’s future.”
Leadership remains confident that the company’s strategic investments in technology, product innovation, and market expansion will secure its position as a global leader in online betting and gaming.
Peter Jackson, commented:“I am very excited about Flutter’s strong trajectory and how well positioned we are to capitalize on a global regulated addressable market of nearly $370bn. With our unmatched scale, diversification, and our global differentiator, The Flutter Edge, we have clear sustainable global advantages that will continue to drive sustainable growth and power our financial model with operating leverage building over time.
Jackson reiterated that regardless of political or regulatory shifts, the company’s long-term outlook remains positive, buoyed by strong consumer demand for its products and services. With continued growth in the US and a focus on expanding into new markets, Flutter is well-positioned to meet its ambitious profit goals by 2027.
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