Flutter Entertainment Criticizes Illinois Transaction Fee, Warns of Impact on Customers and Market Growth

Reuters

06-10

Flutter Entertainment Criticizes Illinois Transaction Fee, Warns of Impact on Customers and Market Growth

Flutter Entertainment plc, the leading online sports betting and iGaming operator, has expressed disappointment over the Illinois State legislature's decision to introduce a betting transaction fee for all sports wagers placed in the state, effective July 1, 2025. Peter Jackson, CEO of Flutter, criticized the fee, stating that it would disproportionately affect lower wagering recreational customers and potentially drive some bettors to unregulated operators. In response, FanDuel, Flutter's US market-leading brand, will implement a $0.50 transaction fee on bets placed in Illinois starting September 1, 2025. Flutter emphasized that should Illinois reverse its decision, FanDuel will promptly remove the additional fee.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flutter Entertainment plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9466160-en) on June 10, 2025, and is solely responsible for the information contained therein.

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Peter Jackson, CEO of Flutter, criticized the fee, stating that it would disproportionately affect lower wagering recreational customers and potentially drive some bettors to unregulated operators. In response, FanDuel, Flutter's US market-leading brand, will implement a $0.50 transaction fee on bets placed in Illinois starting September 1, 2025. Flutter emphasized that should Illinois reverse its decision, FanDuel will promptly remove the additional fee.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flutter Entertainment plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9466160-en) on June 10, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0575583348.USD","symbol_name":"SCHRODER ISF UK EQUITY \"A\" (USD) INC AV","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250610:nNDLwPlPf:1","article_id":"2542315760","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542315760","pubTimestamp":1749552915,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Flutter Entertainment plc, the leading online sports betting and iGaming operator, has expressed disappointment over the Illinois State legislature's decision to introduce a betting transaction fee for all sports wagers placed in the state, effective July 1, 2025. 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Peter Jackson, CEO of Flutter, criticized the fee, stating that it would disproportionately affect lower wagering recreational customers and potentially drive some bettors to unregulated operators. In response, FanDuel, Flutter's US market-leading brand, will implement a $0.50 transaction fee on bets placed in Illinois starting September 1, 2025. Flutter emphasized that should Illinois reverse its decision, FanDuel will promptly remove the additional fee.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flutter Entertainment plc published the original content used to generate this news brief via GlobeNewswire (Ref. 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