US drives growth at gambling giant Flutter but British racing proves challenging

Flutter Entertainment's US division performed well in the third quarter. US is Flutter's largest division and generated $700m in revenue. UK horseracing is a challenge for Flutters. Sports betting revenue in UK and Ireland is down 11%. Football's European Championships helped the UK business. Online revenue fell by 11% in Ireland. The start of the football season was hit by a slower midsummer start and fixture cancellations. The hot summer weather reduced footfall in betting shops. In the UK revenue declined 4% but was 5% ahead of pre-Covid levels.

Dave Orton, Paul Kealy and Tom Segal give their exclusive views, analysis and ante-post tips for the 2022-23 National Hunt season.