FanDuel Parent Flutter Jumps After Market Share Gains
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Gambling group Flutter Entertainment Plc, which owns FanDuel, jumped as much as 11% — the most in 17 months — after grabbing market share in the year’s most active quarter for sport betting.
Flutter said FanDuel had 43% gross revenue market share in the fourth quarter, with its casino product gaining 5% market share on the previous year. Goodbody analyst David Brohan called the increased customer base “impressive” given the launch of a competitor, ESPN Bet, during the period.