International sports betting operator Flutter has warned of a hit to revenues and profits after U.S. gamblers enjoyed a string of winning bets on the NFL.

FanDuel owner Flutter Entertainment cut its fourth-quarter U.S. guidance late Tuesday, blaming gamblers who won big by backing favorites. The current NFL season “has been the most customer-friendly since the launch of online sports betting,

Flutter Entertainment Plc warned that its U.S. results will be lower than anticipated because too many NFL favorites won this season, giving customers better payouts.

Flutter Entertainment shares are trading lower in Tuesday's after-hours session after the company cut near-term guidance due to a period of "very unfavorable" sports results.

Flutter has seen a hit to its profit after the NFL season becomes most customer friendly since the launch of online sports betting.

Flutter, the largest online betting company, expects a significant drop in 2024 earnings for its U.S. FanDuel brand due to unforeseen winning streaks by American football gamblers. Despite this, the company sees improved performance elsewhere,

Paddy Power and FanDuel owner says results were most ‘customer friendly’ since launch of online sports betting

Flutter , the world's largest online betting company, said on Tuesday it expects 2024 earnings at its fast-growing U.S. FanDuel brand to be sharply lower after American football gamblers enjoyed an unprecedented winning streak.