Bold Names 70,000 Bets a Minute: How FanDuel’s Parent Is Winning at Sports Gambling
Apr 25, 2025
Peter Jackson, CEO of Flutter Entertainment, oversees a global sports betting empire, including FanDuel. He discusses how technology is revolutionizing sports betting while addressing its potential harms. Jackson highlights the rapid growth of the industry and the innovative features enhancing user engagement, such as customizable bets and real-time tracking. He also emphasizes the importance of responsible gambling practices, balancing the excitement of betting with the need for safeguards against addiction.
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Tech Powering 70,000 Bets Per Minute
- FanDuel's platform handles about 70,000 bets per minute during peak events like the Super Bowl.
- The complexity and speed require constant reassessment of probabilities and prices in real time.
$70 Billion Market Potential
- The U.S. and Canada sports betting and iGaming market is projected to reach a $70 billion total addressable market.
- Strong sports fandom culture boosts market growth potential significantly.
Parlay Bet Entertainment Value
- A cab driver shared how close he came to winning a parlay bet by $10, captivating his friends with the story.
- The entertainment value is in the excitement and social sharing, not only the winning.