3 Reasons I Bought Flutter Entertainment’s Stock – Motley Fool

3 Reasons I Bought Flutter Entertainment’s Stock – Motley Fool

In recent years, a flurry of legislative changes has ushered in a new market of online sports betting and gambling. Flutter Entertainment (OTC:PDYP.Y)(LSE:FLTR) is in pole position to take advantage of the expected growth from the opening of the U.S. online gambling market.

Headquartered in Dublin, Ireland, Flutter is a global sports betting and gaming operator with a diverse portfolio of international brands and operations. Flutter owns many well-known online gambling brands, including FanDuel, PokerStars, Betfair, Sky Bet, and many more.

The global online gambling industry is growing fast, and Flutter is one of the best ways to invest in this growth theme.

Casino poker chips stacked on a laptop keyboard

Image source: Getty Images.

1. Global leader in online gambling

Gambling is one of the largest markets in the world and encompasses many formats, products, and customer segments. Some estimates indicate that the total market size of the global gambling industry is in excess of $400 billion and growing.

While most gambling still takes place in casinos, the penetration of online gambling has increased in recent years. 2020 has seen online gambling take considerable share from in-person gambling due to casinos being forced to close in the pandemic.

Flutter Entertainment has emerged as a global leader in the online gambling space. The company’s online presence consists of many notable brands, including FanDuel and PokerStars in the U.S. In Europe, Flutter’s brands, including Paddy Power and Sky Bet, are leaders in