A 147 per cent increase in US sportsbook revenue helped steer overall Flutter revenue growth of 46 per cent to £2.4bn in Q1.
Overall revenue in the group’s US segment grew 92 per cent to £908m. Igaming growth was 43 per cent, with Flutter reporting that product improvements in the FanDuel Casino app and the Reward Machine free-to-play product drove the growth.
Outside the US, Flutter’s UK and Ireland operations revenue climbed 17 per cent in Q1 to £608m – helped by an expansion of Sky Vegas’ live casino content and Paddy Power's growth – while international revenue increased by six per cent.
Flutter’s Australian segment revenue dropped by four per cent, with the company reporting it “remained resilient against challenging comparatives with good customer growth.”
Although, Flutter’s average monthly players climbed across the latest quarter by 30 per cent to 12.3 million.
Flutter chief executive, Peter Jackson, noted the group's sports betting handle of $10.9bn represented almost 60 per cent of the group’s total sportsbook stakes.
He added: “Outside the US, pro forma revenue growth of 8 per cent demonstrated the benefits of diversification of our portfolio. We continued to take share across our UK and Ireland and International businesses while in Australia we did an excellent job defending our leadership position.
“We remain delighted with the progress of Sisal since the acquisition in August 2022.
“In the UK, the publication of the white paper has vindicated the proactive actions we have taken to further embed safer gambling across our organisation through our Play Well strategy.
“The changes will bring consistency to safer gambling protections for customers and make responsible play a priority across all operators, which we strongly support.”
Flutter also reported that it expects to have an additional US listing in late Q4 this year.
