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Flutter's FanDuel grows US online casino revenue 14% in Q2. Online Casinos Business Regulation Updated by Joss Wood Commercial Editor Last Updated 6th Aug 2026, 05:26 PM Flutter Entertainment's US iGaming business generated $577 million in revenue during the second quarter of 2026, up 14% year-over-year, even as new state tax increases in New Jersey, Illinois and Louisiana ate into profitability, the company reported August 5. The London-listed parent of FanDuel said direct casino average monthly players (AMPs) climbed 26% in the quarter, the primary driver behind the segment's overall AMP growth of 14%. iGaming now accounts for 34% of Flutter's total US revenue of $1,683 million, underscoring how central online casino has become to the company's American business even as its sportsbook arm struggled. Sportsbook slumps while casino climbs. The iGaming growth stood in sharp contrast to Flutter's US sportsbook performance, which posted revenue of $1,039 million in the quarter, down 14.8% from $1,219 million a year earlier. For the first half of 2026, sportsbook revenue fell 7.2% to $2,183 million from $2,353 million in the same period of 2025, while iGaming revenue rose 16.5% to $1,141 million from $979 million. FanDuel said it retained its position as the number one operator in US iGaming, with a 27% share of gross gaming revenue. Combined with PokerStars US, which Flutter reports within its International segment, the group's total US online casino share reaches 28%. Chief Financial Officer Rob Coldrake said Flutter has reiterated its guidance for full-year iGaming revenue growth in the high teens percentage range, adding that exclusive content, including new installments of past hits such as Huff N' Puff and Willy Wonka-branded slot titles, is scheduled to launch monthly through year-end. New Jersey, Illinois and Louisiana tax hikes erode margins. Flutter said cost of sales rose 510 basis points as a percentage of revenue during the quarter, a jump the company attributed to state gaming tax increases and heavier promotional spending, or "generosity" investment, aimed at retaining players. Those pressures were only partially offset by market access savings and renegotiated commercial agreements. The tax pressure is not new. On Flutter's Q1 2026 earnings call, Coldrake had already flagged the issue when explaining a roughly 200 basis point year-over-year decline in US gross margin. "Tax increases year on year from a state perspective - New Jersey, Illinois, and Louisiana - which total approximately 220 basis points. That is the main moving part," Coldrake said. On the Q2 call, Truist Securities analyst Barry Jonas pressed Flutter on North Carolina's decision to raise its online sports betting tax to 22% while adding a new 6% levy on prediction markets. CEO Jeremy Jackson said the shifting state tax landscape is now a factor in how Flutter balances its sportsbook and prediction-market products. "From a state-by-state tax perspective, there's also a lot going on at the moment. I think we've been pleased with our focus on trying to get new states to open. I think that's an important component that we need to recognize as well," Jackson said, adding that broader regulatory questions around prediction markets are likely to be resolved by the US Supreme Court. Direct-to-Casino content push behind AMP growth. Executives credited exclusive content and celebrity marketing tie-ins for much of the quarter's 26% growth in direct casino players. Jackson pointed to the June launch of "Love Island: Unlocked," a branded title tied to new FanDuel brand ambassador Ariana Madix, along with an exclusive Monopoly Live launch, as key drivers of engagement. "The main focus and push for us from an iGaming perspective is around acquiring those direct-to-casino customers," Jackson said, adding that a smaller sportsbook business earlier in the year had limited cross-sell into casino but that FanDuel now has "a bigger base" to convert. "We can see a very clear distinction there. The direct casino, so the slots, growing very strongly," Jackson said, contrasting slots momentum with softer table games performance tied to that smaller sportsbook base. Virginia seen as closest new iGaming state. Asked about the outlook for new state legalization heading into 2027, Jackson said Flutter still expects to add at least one new iGaming state by the end of 2027. "I think Virginia has probably got furthest of any of our target states. I think there's some interesting opportunities around D.C. But then there's a bunch of them where we're hoping to build traction, whether it's Ohio or other places," Jackson said. "We think it's going to happen, and there's some real pent-up demand for us to be able to deliver the income and product experience to customers in those states." West Virginia online casinos have been in operation since 2020. Virginia has watched gambling state tax revenues with envy and hopes to follow Maine in being the next US online casino state. Guidance trimmed as Flutter prioritizes growth over margin. Flutter trimmed its full-year 2026 US revenue guidance to $7.4 billion at the midpoint, down $395 million from its previous outlook but still 6% growth year-over-year, and cut full-year US adjusted EBITDA guidance by $210 million to a $760 million midpoint, an 18% year-over-year decline, as it increases investment in its sportsbook and gaming proposition. The company said it is "moving from a focus on margin growth, to prioritizing AMP growth and customer value" in iGaming, a shift it argued would support long-term market share gains despite near-term profitability pressure. Meet the author. 20 Years Experience Commercial Editor Joss Wood has over a decade of experience reviewing and comparing the top online casinos in the world to ensure players find their favorite place to play. Joss is also a specialist when it comes to breaking down what casino bonuses add value and where to find the promotions you don't want to miss.

Flutter plans leadership change amid US betting slowdown. Flutter plans leadership change amid US betting slowdown johnny K. August 6, 2026 latest casino and gambling news. Flutter Entertainment has announced a leadership transition at the top of the company while reporting weaker profitability and a reduced earnings outlook, as challenges in its US business continued through the first half of the year. The company, which owns FanDuel and Paddy Power, said chief executive Peter Jackson will leave his role at the end of September. Dan Taylor, currently Flutter's president and chief executive of its international division, will take over as CEO from October 1. The announcement accompanied second-quarter results that showed pressure on the group's largest market, the United States, where betting activity and customer retention remained below expectations. Dan Taylor Set to Lead Flutter From October Jackson confirmed that he would step down after nearly nine years as chief executive, describing the timing as appropriate for a handover to Taylor. The outgoing CEO will remain with the company in an advisory capacity until the end of the year to help support the transition process. During Jackson's tenure, Flutter expanded significantly through acquisitions and international growth. Reflecting on the period, he said the company had changed "beyond recognition" since its days as Paddy Power Betfair and had become "the world's leading online sports betting and igaming operator". Taylor arrives in the role after recently being appointed president of Flutter, a position created in May following Amy Howe's departure as FanDuel CEO. The company highlighted Taylor's involvement in efforts to improve FanDuel's sportsbook performance, noting that early indications from those initiatives have been encouraging. The incoming chief executive currently oversees Flutter's international division, which generated more than $9 billion in annual revenue during 2025. "Our priority will be to keep delivering for our colleagues, customers and shareholders, while building on the momentum we've created across the business," Taylor said, according to The Wall Street Journal. US Business Weighs on Quarterly Results Flutter reported a net loss of $296 million for the second quarter ended June 30, compared with a profit of $37 million during the same period a year earlier. On a per-share basis, the company recorded a loss of $1.57, while adjusted earnings per share reached 49 cents. Analysts surveyed by FactSet had expected adjusted earnings of 54 cents per share. Revenue increased 3% year-on-year to $4.33 billion, exceeding analyst forecasts of $4.23 billion. Despite the revenue growth, several key indicators pointed to softer performance in the US market. Sales in Flutter's US segment fell 6% during the quarter to approximately $1.7 billion. The company attributed much of the decline to a 15% reduction in sportsbook revenue. It also stated that sports outcomes during the period generally favored bettors rather than operators, affecting sportsbook margins. Flutter reported that average monthly players across the group declined by 11%. In the United States, the company continued to experience customer churn and a prolonged run of weeks in which customer activity trends were unfavorable. Management said growth in the US market had remained subdued during the first six months of the year. The company has also faced difficulties capitalizing on the growing popularity of prediction markets, which allow customers to place wagers on a range of outcomes beyond traditional sports events. Lower Forecast Reflects Ongoing Pressures Alongside the quarterly results, Flutter revised its financial expectations for the remainder of the year. The company reduced its projected annual group revenue outlook to a midpoint of $17.91 billion, down from a previous forecast of $18.31 billion. Flutter cited second-quarter performance, investment activity and changes to the NFL schedule among the factors behind the adjustment. The group also lowered its full-year earnings forecast. According to the updated guidance, expected earnings have been reduced by $210 million to $2.655 billion. While the US business experienced headwinds, Flutter reported stronger performance in its international operations. Revenue outside the US increased 10% during the quarter. The company also noted solid customer engagement during the FIFA World Cup, particularly during the knockout rounds of the tournament. Investors reacted negatively to the announcements. Flutter shares fell 5.5% in premarket trading following the release of the results and the leadership succession plan.

CEO Peter Jackson to leave Flutter Entertainment. Wednesday, August 5, 2026 11:42 AM Image aggregated from COMPLETE iGAMING. * David McKee, COMPLETE iGAMING Email, LinkedIn, and more Peter Jackson is stepping down as the CEO of Flutter Entertainment, effective October 1, with Flutter International President Dan Taylor to fill the role. Explaining his resignation, Jackson wrote, "after nearly nine years as CEO, I believe this is the right point in Flutter's journey for me to hand over the leadership of the business to Dan. In my time as CEO, Flutter has changed beyond recognition, transitioning from a UK-focused Paddy Power Betfair, into the world's leading online sports betting and igaming operator, with market leading positions in the US and around the world. "Having worked closely together for years, I am confident Dan and the leadership team will continue to build on Flutter's success.