Flutter CEO on FanDuel, Problem Gamblers, and His Favorite Teams

At Barron's

Business

4.7 • 17 Ratings

🗓️ 6 February 2025

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Flutter Entertainment CEO Peter Jackson also explained the origin of the company's name, and how betting is different in the United States.

Transcript

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0:00.0	Hello everyone and welcome to Ed Barron's. I'm Andy Surwer.
0:08.0	And welcome to our guest, Peter Jackson, CEO of Flutter Entertainment. Peter, great to see you.
0:13.0	Thanks for joining us.
0:14.0	Yeah, nice to see you too.
0:15.0	So Flutter owns Fanduel and other sports betting platforms around the world.
0:21.3	On the one hand, it's a simple business.
0:23.0	On the other hand, it's a complicated business.
0:25.2	Do you agree?
0:26.2	Tell me about it.
0:27.2	Yeah, you're absolutely right.
0:28.2	I mean, look, Fanjual is an important part of Flutter.
0:33.0	And here in the US, we're the market leading business for sports betting and gaming.
0:38.4	You look at us globally, and Flutter typically owns the market leading business in all of
0:43.4	the major markets around the world.
0:45.6	We trade under different brands, but the umbrella, the parent company, is called Flutter.
0:50.0	So revenue growth has been stellar, Peter, $2.7 billion in 2019 to $11.7 billion in
0:57.0	2023.
0:58.0	Want to talk more about that.
0:59.9	But maybe you can tell us about the state of sports betting in the United States right now.
1:04.9	Where do things stand?
1:05.9	Well, you know, we can go back to the 14th of May when PASPA was repealed.
1:11.2	What's that?
	...

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