FanDuel's Owner Flutter Warns Of Profit Drop After Gamblers Hit Winning Streak

CEO Peter Jackson has overseen Flutter's rapid expansion.Courtesy of FlutterInternational sports betting operator Flutter has warned of a hit to revenues and profits after U.S. gamblers enjoyed a string of winning bets on American football games.The New York-listed owner of FanDuel, Paddy Power and Betfair said late on Tuesday that this year’s NFL season has so far been the “most customer friendly since the launch of online sports betting, with the highest rate of favorites winning in nearly 20 years.”Flutt ...