70,000 Bets a Minute: How FanDuel’s Parent Is Winning at Sports Gambling

Bold Names

The Wall Street Journal

Technology

4.4 • 1.4K Ratings

🗓️ 25 April 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Peter Jackson, the CEO of Flutter Entertainment, leads a global sports betting empire. With the U.S.-based FanDuel as its crown jewel, he has a prime view of one of the fastest-growing and most profitable entertainment industries in the world. How is Flutter using technology to supercharge sports betting, while grappling with its potential harms? Jackson speaks to WSJ’s Christopher Mims and Tim Higgins on the latest episode of the Bold Names podcast. Check Out Past Episodes: What This Former USAID Head Had to Say About Elon Musk and DOGE Why Bilt’s CEO Wants You To Pay Your Mortgage With a Credit Card The CEO Who Says Cheaper AI Could Actually Mean More Jobs Let us know what you think of the show. Email us at [email protected] Sign up for the WSJ's free Technology newsletter. Read Christopher Mims’s Keywords column. Read Tim Higgins’s column. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:27.9	Pure Jim. Terms of conditions apply. Tim, I think this week's episode is one of the most interesting
0:33.5	we've done yet, and tons of new listeners are going to tune in for the first time ever.
0:38.9	Oh yeah? Want to bet? Funny you should mention. This week's guest is the CEO of the company
0:44.2	behind Fandul, the biggest U.S. company in sports betting by revenue. Even if you don't care
0:49.3	about sports, his industry is transforming the U.S. Right. It was estimated that Americans would wager roughly $1.4 billion on the Super Bowl this year.
1:00.0	And he told us Fandul customers made about 70,000 bets a minute during the big game.
1:06.2	The sports betting industry is big, and it's growing like crazy.
1:10.8	And so are the consequences of getting millions of Americans hooked on gambling anytime, anywhere.
1:16.6	That's next.
1:21.6	For a lot of the companies we cover, first quarter is a bit of a lull,
1:26.6	but if you're a gambler, there's no better time of the
1:29.2	year. And if you're a sports betting company, it's also one of the busiest times of the year.
1:34.3	The American Gaming Association estimated that Americans would wager about $1.4 billion on the
1:39.8	Super Bowl this year. And then there was March Madness, which was twice that.
1:44.2	$3.1 billion. There are a lot of different things to bet on these days.
	...

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