Flutter Entertainment plc
Flutter Entertainment to Introduce Transaction Fee in Illinois in Response to State Legislation
Summary
On June 10, 2025, Flutter Entertainment plc announced that its US brand, FanDuel, will introduce a $0.50 transaction fee on each bet placed in Illinois from September 1, 2025. This decision follows the Illinois State Legislature's introduction of a betting transaction fee for all sports wagers placed within the state from July 1, 2025. Flutter CEO, Peter Jackson, commented on the impact of the new fee on recreational customers and potential shifts to unregulated operators. The press release, furnished as Exhibit 99.1, provides further details on Flutter's response and the rationale behind the fee introduction.
Profitelligence Alerts
Get alerts for FLUT
Be first to know when Flutter Entertainment plc files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Flutter Entertainment plc
Flutter Entertainment plc is a global sports betting and gaming company, recognized as a leader in the online entertainment industry. The company is known for its dynamic portfolio of popular brands, including Paddy Power, Betfair, PokerStars, and FanDuel, each catering to varied segments of the sports betting and gaming markets. Flutter Entertainment focuses on delivering thrilling experiences through innovative technology platforms that support online wagering, live sports betting, and an array of casino games. With a strong presence in Europe, North America, and other international markets, Flutter Entertainment leverages a mix of local expertise and global resources to maintain its competitive edge. The company also emphasizes responsible gaming practices, investing in resources to ensure safe and enjoyable user experiences. In the financial market, Flutter Entertainment plc holds significant market influence, driven by its extensive customer base, diversified product offerings, and strategic acquisitions. It continues to play a vital role in the evolution of the online betting landscape, adapting to regulatory changes and technological advancements while seeking sustainable growth across its operations.
Official SEC Documents
Advertisement