Boyd Gaming Corporation announced on July 31, 2025, the completion of the previously announced sale of its 5% equity interest in FanDuel Group to Flutter Entertainment plc. Boyd Gaming received cash proceeds of $1.758 billion from the transaction.
The completion of this sale further consolidates Flutter's ownership in FanDuel, its leading U.S. online sports betting and iGaming brand. Boyd Gaming stated its intention to use the proceeds from the transaction to repay existing debt.
This finalizes a significant financial transaction that strengthens Flutter's control over a crucial growth engine. The deal also involved the termination of certain existing market-access agreements and the establishment of new ones extending through 2038, ensuring continued collaboration between the two companies.
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