Martinez said: “Historically, economic downturns do not have a significant impact on gaming or sports betting wallets. However, a longer and deeper recession may inevitably hit customers’ disposable incomes.
“Flutter’s successful US strategy is expected to continue, but there's an evident gap in their offering of casino products. The key challenge for Flutter is to maintain its current market share. Our experts expect the US market to be significantly more fragmented going forward. BetMGM or other operators may come up with a comparable product on sports.
“The UK Government’s Gambling Act White Paper’s impact is expected to be lessened for Flutter due to its heavy skew towards recreational players vs VIPs.”
Meanwhile, its Q3 report showed that a positive result was driven by US growth of 82% to £598m and the acquisition of Sisal. Additionally, sports revenue accounted for £1.14bn of total revenue, with gaming revenue accounting for the remaining £748m.
Flutter Entertainment Chief Executive Peter Jackson said of the report: “Flutter delivered a strong Q3 performance with pro forma growth of 11% in both revenue and average monthly players.
“We are pleased with our performance in our US division since the start of the NFL in September, where we are now averaging over 1 million players on a regular NFL Sunday. In addition, we are seeing an increase in customer retention rates as our parlay products continue to grow in popularity, boosted by the start of the NBA season."
