FanDuel spin-off hopes send Flutter shares all-a-flutter

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Analysis: Shares of the owners of the UK's best-known names in betting have taken off

Flutter, prior to today's jump in the share price, was valued at £27.7bn .

The temptation must be great. DraftKings last year made one of the most successful stock market debuts seen in the US. It came to market in April via a merger with a so-called Flutter said this month that it now expects the"total addressable market" in the US to be worth more than $20bn by 2025.However, Mr Jackson was circumspect when he was asked directly by an analyst this month whether a flotation of FanDuel was on the cards, sidestepping the question.

The agreement dates back to Flutter's $12.3bn merger in May last year with Stars Group, the Canadian gaming firm, which had a 25-year licence with Fox to use the Fox Bet brand name.

 

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