Flutter Entertainment announced it will pay $1.755 billion to Boyd Gaming for sole ownership of FanDuel. Here's what that means.

Andy's top DraftKings and FanDuel MLB DFS picks for today, Sunday, 7/13/25. His favorite daily fantasy baseball lineup sleepers and value picks for DFS on DraftKings and FanDuel.

Boyd Gaming sells its 5% stake in FanDuel for $1.75 billion, exiting ownership but maintaining a relationship through a new market-access agreement.

Flutter Entertainment is buying the remaining stake in FanDuel to take full ownership of the sports-betting platform, which is now valued at $31 billion.

The US online sports betting market has evolved into a clear duopoly, with FanDuel and DraftKings controlling approximately 67% of the total market share. FanDuel holds 43% of sports betting gross gaming revenue and 27% of iGaming revenue, while DraftKings commands approximately 25% of the sports betting market.

Flutter Entertainment will buy Boyd Gaming's 5% stake in FanDuel in a deal worth about $1.76 billion, giving it complete ownership of the online betting operator, the companies said on Thursday. The deal gives FanDuel an implied valuation of about $31 billion,

Flutter secures full FanDuel ownership with $1.755B Boyd stake buyout, strengthening US market presence and growth strategy.

Chris Kerber, Joey Vitale to simulcast games over FanDuel Sports Network and 101 ESPN; John Kelly departs amid strategic realignment and expanded pre and postgame coverage