Flutter Investor Day Presentation Deck
...while generating structural margin advantages
Highly competitive odds for
customers...
...better pricing accuracy and product
mix improve trading margins...
Stake weighted over-round vs FanDuel¹
Best
pricing
FANDUEL
3% higher
price
7% higher
price
Competitor Competitor
A
B
Flutter
Rolling 3 month average trading margin of FD i
Sportsbook²
12%
10%
8%
6%
4%
2%
0%
my
Q4 '18
Q2 '21
...generating higher revenue
Online Gross Win % ³
(12 months to June 2021)
~20% more GGR from
any given handle
6.8%
Rest of
Market Avg.
8.3%
✓
FANDUEL
1 Stake weighted over-round is FanDuel product mix applied to competitors over-round during H1 2021.
Trading margin reflects underlying actual margin of FanDuel sportsbook, excluding impact of material customer acquisition promotions/odds boosts which come through margin line.
3 Online gross win percentage is gross gaming revenue divided by handle for all states where information is available over last 12 months. Gross win definition may differ slightly between states.
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