Flutter Entertainment (NYSE: FLUT) unveiled its medium-term guidance for 2027 on Wednesday, highlighting impressive growth prospects in North America where its FanDuel unit continues to lead. The Dublin-based gaming giant also announced plans to buy back up to $5 billion of its own shares over the coming years, a move that demonstrates strong confidence in its future trajectory.
The company envisions the global regulated gross gaming revenue (GGR) market reaching $368 billion by 2030, reflecting an annual compound growth rate (CAGR) of 8%. For 2027, Flutter projected revenues of $21 billion, suggesting a three-year CAGR of 14%. This growth would translate to adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) exceeding $5 billion by 2027, alongside a margin expansion of 700 basis points. Additionally, free cash flow is expected to hit $2.5 billion that year, reflecting a CAGR of 36%.
Flutter’s share repurchase plan is its first since listing on the New York Stock Exchange earlier this year. CEO Peter Jackson emphasized that this initiative underscores the company’s long-term confidence. “The Board has authorized a share buyback program of up to $5 billion, to be rolled out over the next three to four years, starting after our third-quarter earnings in November 2024. The timing and volume of shares repurchased will depend on factors including legal requirements, price, and economic and market conditions,” according to the company’s statement.
North America, particularly the United States where FanDuel is a major player in iGaming and online sports betting, remains a focal point of optimism. Flutter now estimates its total addressable market in North America to be $70 billion, with $63 billion coming from the US and $7 billion from Canada. This US projection is 1.5 times higher than earlier estimates. The 2027 guidance is based solely on states where FanDuel currently operates, without accounting for potential new state approvals for iGaming or sports betting.
Existing state operations are expected to generate adjusted EBITDA of about $2.4 billion at the midpoint, with margin expansion reaching approximately 25% by 2027.
Beyond the US, Flutter’s global presence strengthens its growth narrative. The company anticipates a $298 billion addressable market for global regulated wagering by 2030. “Our unparalleled scale and diversity are projected to yield a long-term revenue CAGR of 5%-10% outside the US, with 2027 revenue expected to be around $11.5 billion at the midpoint,” the company stated.
The company’s optimistic outlook is further energized by its recent acquisition agreements. Flutter has secured a 56% interest in Brazil’s NSX Group and Snaitech in Italy, with these deals expected to conclude by the second quarter of 2025.
 reveals strong growth for 2027, leading with FanDuel in North America, $5B share buyback, and global market ambitions.){kind=link}