Flutter Entertainment to Acquire Boyd Gaming’s 5% FanDuel Stake for $1.755 Billion
July 15, 2025
Boyd Gaming has agreed to sell its 5% equity interest in FanDuel Group to Flutter Entertainment for $1.755 billion in cash. The deal is expected to close in Q3 2025, subject to regulatory approvals, and Boyd plans to use net proceeds to reduce debt. The parties will also revise their market-access agreements to extend the partnership through 2038 and update commercial terms for Boyd’s online and retail sportsbook operations.
- Buyers
- Flutter Entertainment
- Targets
- FanDuel Group, FanDuel
- Sellers
- Boyd Gaming
- Industry
- Financial Services
- Location
- United States
- Transaction Type
- Divestiture
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