Flutter said this football season has seen the most “customer-friendly” NFL outcomes since the launch of online sports betting.

International sports betting operator Flutter has warned of a hit to revenues and profits after U.S. gamblers enjoyed a string of winning bets on the NFL.

DUBLIN (Reuters) - Flutter, the world's largest online betting company, said on Tuesday it expects 2024 earnings at its fast-growing U.S. FanDuel brand to be sharply lower after American football gamblers enjoyed an unprecedented winning streak.

Some of the National Football League’s strongest teams are having dominant seasons—and that’s helping sports bettors beat the house. FanDuel owner Flutter Entertainment cut its fourth-quarter U.S. guidance late Tuesday,

Flutter Entertainment shares are trading lower in Tuesday's after-hours session after the company cut near-term guidance due to a period of "very unfavorable" sports results.

Key Takeaways FanDuel parent Flutter Entertainment warned that its U.S. results will be lower than anticipated because too many NFL favorites won this season, giving customers better payouts.The online gambling company said the "customer friendly" wagering resulted in lowering full-year U.

The Detroit Lions and other NFL betting favorites hurt revenue and profits for sportsbooks. Here's what one analyst says could happen next.