Flutter, DraftKings and PENN report Q2 online gambling losses
Deals & M&A · SectorWire deskSource published
Summary
Flutter, DraftKings and PENN Entertainment all reported losses from online gambling in Q2 2026. Flutter posted a loss of almost $300 million, DraftKings $25.7 million and PENN's interactive segment $9.5 million. Flutter cut its 2026 revenue target from $18.3 billion to $17.91 billion and will replace CEO Peter Jackson with Dan Taylor on 1 October.
Why it matters
The three largest US-facing operators posting simultaneous online losses signals pressure on sportsbook economics as prediction markets expand.
Last close USD 86.86 on 21 September 2026. USD 94.74 on the story date (7 August 2026). Range USD 86.86 to 112.40, axis not from zero. Delayed end-of-day data, not live. Not investment advice.
Cite as: SectorWire, “Flutter, DraftKings and PENN report Q2 online gambling losses”, 7 August 2026, https://sectorwire.news/item/flutter-draftkings-and-penn-report-q2-online-gambling-losses/
Key facts
- Type
- Results
- Parties
- Flutter, DraftKings, Penn Entertainment, FanDuel
- Shares
- Flutterdown 2.0%1DLatest close · change from previous closeNYSE: FLUT · · end-of-day, delayedDraftKingsdown 0.1%1DLatest close · change from previous closeNASDAQ: DKNG · · end-of-day, delayed