FanDuel to Be Listed on New York Stock Exchange

Flutter Confirms Plans to List FanDuel on NYSE

By Amelia Walker Senior Content Writer Updated: 03 January 2024

Amelia Walker Senior Content Writer

Amelia Walker is a Senior Content Writer at Betting.US. She has a law degree and deep knowledge of the gambling laws in the United States. Her mission is to keep players informed about responsible gambling, while her passion for sports helps her create useful guides. Amelia has over a decade of experience in betting, which has positioned her as a trusted voice among our readers.

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Cashing in on Massive US Growth

A NYSE listing will allow Flutter to capitalize on ever-growing interest in American sports betting among US investors. FanDuel continues to dominate the US market, so a listing provides a prime opportunity to help fund additional domestic growth plans. This is crucial, as more US states continue to open up, legalizing online gambling in some, or all forms.

Flutter CEO Peter Jackson cited the “significant potential for US growth” as a key driver behind pursuing the listing on the NYSE, saying:

Overall, the significant potential for U.S. growth and ability to leverage scale benefits across our diversified portfolio outside of the U.S., underpins our confidence in our significant and sustainable long term earnings growth potential.

The US already comprises the majority of Flutter’s $3 billion in annual revenue, so the company is simply following the money – and their US-focused approach to business is unlikely to change any time soon.

Betting Big on FanDuel’s Brand

FanDuel cemented its position as America’s sports betting leader over the massive Super Bowl weekend. An astounding 50,000 bets per minute were placed at the peak of the game, and it’s overwhelmingly clear that many US punters are choosing FanDuel over other sportsbooks.

This is incredibly appealing to investors, and it’s one of the key reasons why the company is able to secure so much funding. In fact, it’s this sheer dominance and name recognition that Flutter aims to capitalize on with the listing. FanDuel looks poised to become a household name as additional states regulate sports betting.

While the company will need to delist from one or two other stock exchanges, a NYSE listing brings a huge amount of prestige, making the company a lot more investable – and appealing. As Jackson noted, competing sportsbook DraftKings has already benefited massively from its own listing in terms of profile and investor interest, and it’s clear that Flutter now wants to reap the same benefits.

Overall, Flutter is clearly looking to leverage FanDuel’s pole position in American betting to fuel even greater heights of growth. The company estimates the US market could grow to more than a whopping $40 billion by the end of the decade, and investors are also looking to cash in; by listing FanDuel on the NYSE, Flutter is making a bold bet that FanDuel can capture the majority share of this incredibly fast-paced market expansion in the years ahead.