Flutter Buys Out Boyd, Gains Control of FanDuel

Flutter Entertainment has officially taken full control of FanDuel after buying out Boyd Gaming's 5% stake in the company. The $1.76 billion deal cements Flutter's position as a dominant force in U.S. online gambling, particularly in online sportsbooks and real money online casino markets.

Boyd Gaming originally acquired the stake in 2018 when FanDuel launched its U.S. sportsbook operations. Now, with the buyout finalized, Flutter owns 100% of FanDuel, strengthening its hold over one of the most recognized brands in the online betting industry.

As part of the agreement – which includes extending the companies' long-term strategic partnership through 2038 – FanDuel will cease operating retail sportsbooks in states where Boyd is active, beginning in the second quarter of 2026. Until mid-2026, FanDuel will continue managing Boyd's retail sportsbooks outside Nevada, after which Boyd will assume full control.

According to Flutter CEO Peter Jackson, the acquisition underscores the company's commitment to long-term growth in the U.S. market. Jackson added:

"Our acquisition of FanDuel in 2018 is one of the most transformational events in our group's history, with its natural competitive advantages combined with access to Flutter Edge capabilities driving impressive growth to become the well-established and clear leader in U.S. online sports betting and iGaming."

He also noted that FanDuel continues to outperform competitors in online sports betting, delivering consistent revenue and user growth across states where online gambling is legal.

Flutter Bolsters Portfolio with FanDuel Acquisition

This move also allows Flutter to streamline decision-making and integrate FanDuel's operations more deeply into its global portfolio. Analysts expect this will enhance product development and user experience across FanDuel's sportsbook and real money online casino offerings.

FanDuel currently ranks among the top platforms for both sports betting and online casino games. Its widespread popularity and trusted reputation make it a staple among the best online casinos in the U.S.

Meanwhile, Boyd Gaming walks away with a significant return on its investment. The Las Vegas-based company plans to reinvest the proceeds into expanding its land-based operations and digital offerings.

Expansion to the U.S. iGaming Market

Industry experts see the buyout as a strategic win for Flutter, especially as the U.S. market continues to grow. With full ownership, Flutter can now focus on building a unified platform for online sportsbook and casino users nationwide.

This acquisition follows Flutter's recent efforts to strengthen its brand portfolio globally. It also prepares the company to better compete with rivals like DraftKings and BetMGM.

As more states legalize real money online casino games and sports betting, Flutter's FanDuel could play a leading role in shaping the future of U.S. online gambling.