Airbnb, Open AI, Nvidia … Flutter.
Flutter?
Flutter.
The parent organization of sports betting juggernaut FanDuel has been named in the “Time 100 Most Influential Companies” list. It’s the only gambling operation and just one of four entities with any tangential sports connection to do so.
The others are Inter Miami CF, the WNBA, and Overtime, a digital sports media company.
Flutter CEO Peter Jackson statement provided the following statement to Gaming Today:
“I am enormously proud of everyone across our global business for working so tirelessly to make Flutter the fantastic company it is today. Receiving this recognition from TIME offers a well-deserved moment to reflect on our recent successes as we fix our sights firmly on our next phase of growth. We are very excited for the future.”
Time on Flutter Entertainment:
“A surging U.S. market is bolstering what was already the world’s largest betting company. Flutter had 13.7 million monthly players as of March 31 and revenue grew 25% to $11.8 billion in 2023, though it made a $1.2 billion loss after tax. It’s the parent company of online-gaming powerhouse FanDuel, which, amid a sports-betting boom, has made and expanded deals with leagues including the NBA, NHL, NFL, and MLB, as well as teams.
“Flutter plans to switch its primary stock listing from London to New York to capitalize on the U.S. market, which opened up after the Supreme Court struck down a federal law in 2018 that barred sports betting in several states. But Flutter’s growth comes at a time when betting scandals and U.S. gambling addiction are in the spotlight. FanDuel and other companies formed the Responsible Online Gaming Association in March, in an attempt to self-govern.”
That’s Flutter, in the United States, at least, in a very Cliffs Notes blush, but even the digest version of the global company indicates its reach and influence. According to the Gaming Today sports betting revenue tracker, FanDuel currently controls 28% of the legal sports betting market in the United States and was a key driver of Flutter profits in Q1.
Currently, 40 US jurisdictions — including Washington, D.C., where FanDuel became the official government app last month — have legal sports betting economies underway.
Flutter fell under Time’s “Pioneers” category with:
- The Serum Institute of India, which is developing a “game-changing” malaria vaccine.
- Highland Electric Fleets, which operates a fleet of electric school buses
- Open AI
- Intuitive Machines, for its space exploration vehicles
- Food4Education, for helping improve school lunch
- Epic Games, for fighting app download monopolies
- Powin, for solar battery research
- Tomorrow.io, for improving weather forecasting
- Vertex Pharmaceuticals
- The Good Charcoal Company, for making grilling sustainable
- Transcript Bio, for speeding drug discovery
- Overtime, for modernizing sports media
- M-Kopa, for expanding financial access around the world
- Eisai, for Alzheimer’s drug development
- Progyny, for fertility research
- Brightline, a private high-speed rail concern
- Lanza Jet, for modernizing aviation fuel
- Tent Partnership for Refugees
- World Center Kitchen, for battling food insecurity
The list was heavy on innovation and disruption with the WNBA landing that affirmation in large part because of the arrival of Caitlin Clark. An aged star — Lionel Messi — landed the Miami Major League Soccer franchise on the list, and Overtime’s push to deliver shorter, punchier highlights to younger viewers was deemed ground-breaking.
About the Author
