![\"boyd](\"https:\/\/readwrite.com\/wp-content\/uploads\/2025\/08\/boyd-gaming-fanduel-300x169.jpg\")
<\/div>\nBoyd Gaming has confirmed the completion of the previously announced agreement to sell its 5% equity share in FanDuel to Flutter.<\/span><\/p>\n The transaction, worth $1.75 billion, means Flutter now has full ownership of the prominent US sports betting brand.<\/span><\/p>\n Despite this new status, Flutter may face a dilution of its shareholding and total control, as an existing rights option held by Fox Corporation allows it to acquire 18.6% of FanDuel’s equity by December 3, 2030.<\/span><\/p>\n The price for this transaction to go ahead is currently estimated at $4.5 billion.<\/span><\/p>\n Beyond the headline sale, Boyd Gaming is expected to benefit along with Flutter as part of an ongoing strategic partnership through to 2038.\u00a0<\/span><\/p>\n The Nevada-based developer, which reported second-quarter revenues of $1 billion<\/a>, indicated in its press release<\/a> that the cash proceeds from the $1.75b deal would be used toward settling existing debt liabilities, while it will also seek fresh growth opportunities and return value to shareholders.<\/span><\/p>\n Flutter is expected to gain from reduced market access costs in states where Boyd Gaming is the gatekeeper for FanDuel\u2019s presence, with the savings expected to reach the $65 million mark annually.\u00a0<\/span><\/p>\n Iowa, Indiana, Kansas, Louisiana, and Pennsylvania have been pinpointed as key markets to secure this operational efficiency.<\/span><\/p>\n Approximately $1.75B later, Flutter Entertainment is officially the proud owner of 100% of FanDuel*<\/p>\n *subject to Fox Corp.'s ongoing option to buy 18.6% of FanDuel pic.twitter.com\/bkpIOqA5zH<\/a><\/p>\n — Geoff Zochodne (@GeoffZochodne) July 31, 2025<\/a><\/p>\n<\/blockquote>\n The equity option held by Fox is based on a full cash payment and subject to conditions, including licensing requirements. If they do proceed with it, there would be a significant impact on Flutter and its ownership structure, but there are protections embedded into the deal from the high cost price and aforementioned licensing terms.\u00a0<\/span><\/p>\n Further value and scope for growth could be unlocked from potential future partner agreements between Flutter and Fox in the evolving media and sportsbook sectors.<\/span><\/p>\n Also, as part of the headline deal, FanDuel will continue to operate Boyd Gaming\u2019s retail sportsbooks outside of Nevada through to June next year, with Boyd taking full responsibility after that point.\u00a0<\/span><\/p>\n Until then, Boyd Gaming will receive set per-state fees from FanDuel\u2019s online operations.<\/span><\/p>\n Image credit: FanDuel<\/em><\/p>\n The post Boyd Gaming completes sale of FanDuel holding to Flutter<\/a> appeared first on ReadWrite<\/a>.<\/p>\n\n
Future relationship with Fox Corporation<\/span><\/h2>\n