Flutter Entertainment has revealed a £30 million (€35.6/$37.5 million) loss in revenue attributed to safer gambling measures while also reporting that online gambling revenues suffered a slump following the lifting of Covid restrictions.
the US market accounted for more than half of all stakes made through Flutter brands
Speaking of the expected publication of the white paper, Flutter chief executive Peter Jackson previously said he hopes it will “help to level the playing field and encourage other players to put in place similar measures”.
The Q1 update also showed that UK betting shop business bounced back and is currently almost at pre-pandemic levels. However, the report noted that the Irish betting shop chain will take longer to recover as it remained 24% lower than Q1 2019.
Flutter Reveals £30 Million Hit From Safer Gambling Measures in Q1 ReportUS revenues grew by 45% to £429 million (€510.3/$536.7 million) resulting in a 15% jump in average monthly players to 8.9 million worldwide. The report also noted that the US market accounted for more than half of all stakes made through Flutter brands in the first quarter of 2022.
Flutter Reveals £30 Million Hit From Safer Gambling Measures in Q1 Report Flutter Reveals £30 Million Hit From Safer Gambling Measures in Q1 Report