Flutter Entertainment Gains Full Control of FanDuel
Flutter Entertainment has officially completed its acquisition of Boyd Gaming’s remaining 5% stake in FanDuel for approximately $1.755 billion, securing full control of the leading U.S. sports betting platform. The transaction has closed as of July 31, 2025, positioning Flutter to fully leverage FanDuel’s dominance in American online sportsbooks and iGaming markets.
What the Deal Includes
The previously announced $1.755 billion purchase comprised $1.55 billion for Boyd’s equity stake plus roughly $200 million to restructure commercial terms between the companies. This values FanDuel at approximately $31 billion and eliminates minority ownership complexity that previously limited Flutter’s operational flexibility.
Flutter expects to save about $65 million annually starting July 1, 2025, through reduced market access fees in key states including Iowa, Indiana, Kansas, Louisiana, and Pennsylvania. The deal also extends Flutter’s strategic partnership with Boyd Gaming through 2038.
FanDuel’s Market Position Strengthens Flutter
FanDuel controls about 43% of the U.S. sports betting market share, making it Flutter’s most valuable American asset. The platform operates as both a leading sportsbook and one of the top online casinos in regulated U.S. markets, offering slots, table games, and live dealer options to customers seeking licensed real money gambling.
This acquisition builds on Flutter’s gradual takeover of FanDuel, which began in 2018 when the Dublin-based company first gained control. Flutter increased its ownership to 95% in 2020 before completing this final buyout.
Strategic Benefits for Both Companies
Under the revised partnership terms, Boyd Gaming will continue receiving fixed fees from FanDuel’s mobile sports betting operations in several states while benefiting from strengthened balance sheet flexibility. FanDuel will manage Boyd’s retail sportsbooks outside Nevada until mid-2026, when Boyd assumes full operational control.
The transaction was funded through additional debt financing, with Flutter maintaining its position as the leading online sports betting and iGaming operator globally. Full ownership removes previous constraints on FanDuel’s growth strategy and operational decision-making in the competitive U.S. market.
This consolidation comes as U.S. sports betting continues expanding across state markets, with FanDuel positioned to capitalize on increasing legalization and customer adoption of online wagering platforms.
https://sportshandle.com/flutter-entertainment-gains-full-control-of-fanduel/