BlackRock has increased its stake in Flutter Entertainment to 5.12%, strengthening the company’s growing base of US investors as Flutter continues shifting its focus toward the American market.
Recent confirmation by Flutter that it is exploring if it will maintain a listing on the London Stock Exchange for its common stock has caused some concern among UK investors in the company. As the US has now become Flutter’s primary market, the company generated $1.76 billion in Q1 2026 from its US operations, 41% of Flutter’s total revenues from all of its subsidiaries. Revenue from FanDuel continues to grow and is a contributing factor in that growth with a 19% increase in iGaming revenue over the prior year.
With Flutter relocating its primary listing from London to New York in 2024, Flutter has made a significant commitment to the rapidly developing online sports betting business in the United States. Currently, FanDuel represents approximately 44% of the US sports betting market, making FanDuel vital to the long-range plans for Flutter.
FanDuel’s internal organizational structure has also been adjusted with the appointment of Dan Taylor to the position of President, Flutter Entertainment, to manage all of Flutter’s FanDuel related activities; Christian Genetski will manage virtually all other areas of the company’s US operations after Amy Howe’s departure.
Increased investment by BlackRock is yet again another US based institutional investor in a large pool of public stockholders already invested in Flutter. The speculation surrounding Flutter’s growing connection to US capital markets versus the London Stock Exchange will undoubtedly accelerate.
