Revenue grew by 81% to $896mreflecting the diversified product portfolio offered in the U.S., as well as additional state openings. Martino says Flutter could see 400% to 500% returns over the next decade as states continue to legalize sports gambling. FOX Bet also added Colorado. Encouraging to Flutter investors is the point that FanDuel anticipates operational and promotional spending becoming a smaller slice of revenue in the years ahead. Some Flutter investors are pushing for the U.K.-based owner of FanDuel to spin out the company because it trades at a discount to DraftKings. Though not specifically mentioned in the investor deck, that projection likely assumes the arrival of California, Texas, or Florida or all three into legal sports betting arena. 4. We do believe that well be on the high end of the range five times, said Howe regarding FanDuels revenue projection. And back in 2016, it tried to merge with DraftKings. Belfield Office Park,Beech Hill Road, Clonskeagh,Dublin 4, IrelandD04 V972. FanDuel CEO Amy Howe, together with her senior leadership team, will provide insights into how FanDuel has achieved its market leading position in the US, the sustainable advantages the. CHICAGO, IL - OCTOBER 16: The fantasy sports website FanDuel is shown on October 16, 2015 in Chicago, Illinois. All rights reserved. Through very strong execution, we have reinforced our leadership position, delivering Q4 market shares of 40% in online sports betting and 20% in iGaming. FanDuel is funded by 26 investors. Being a responsible leader means making sure we always do the right thing for our customers, colleagues and communities and the environment too. You Can Buy FanDuel Stock Before It Goes Public - The Motley Fool In 2013 the company awarded over $150m in prizes and is on course to award over $400m in 2014. In New Jersey and Pennsylvania, FanDuel lays claim to half the market, while in New York, the company has 46% of the market and $428 in GGR so far this year.