Flutter reports NFL outcomes cut estimated revenue by $390 million
Flutter said the NFL season from most of November to the end of December produced the highest rate of favourites winning in 20 years, reducing its revenue by an estimated $390 million. DraftKings also said in November that higher bettor payouts affected its results, while analysts described sports betting as exposed to short-term volatility from sporting outcomes.
The reported payout impact shows how sports results can affect operators’ revenue and investor expectations.