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Flutter Says UK Gambling Duties to Hit EBITDA by $320 Million in 2026

Flutter expects a $320 million earnings reduction in 2025-26 and plans to cut costs by up to 40% by 2027 to offset the impact of UK tax hikes on online gambling duties.

Summary by Channel News Asia
FanDuel-owner Flutter Entertainment said on Wednesday the UK government's plans to raise online gaming taxes will hit its adjusted EBITDA by about $320 million in fiscal 2026 and $540 million in 2027 before it can mitigate the impact. British finance minister Rachel Reeves earlier today said the tax rate on o

10 Articles

Evening StandardEvening Standard
Center

Flutter warns over earnings hit from Budget gambling tax blow

The Paddy Power owner said the tax raid will impact earnings by around £241.7 million in 2025-26 and £407.9 million in 2026-27.

·London, United Kingdom
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Impartial ReporterImpartial Reporter
Center

Flutter warns over earnings hit from Budget gambling tax blow

The Paddy Power owner said the tax raid will impact earnings by around £241.7 million in 2025-26 and £407.9 million in 2026-27.

Read Full Article
Glasgow TimesGlasgow Times
Center

Flutter warns over earnings hit from Budget gambling tax blow

The Paddy Power owner said the tax raid will impact earnings by around £241.7 million in 2025-26 and £407.9 million in 2026-27.

·Glasgow, United Kingdom
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Irish NewsIrish News
Lean Left

Flutter warns over earnings hit from Budget gambling tax blow

The Paddy Power owner said the tax raid will impact earnings by around £241.7 million in 2025-26 and £407.9 million in 2026-27.

·Northern Ireland, United Kingdom
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The IndependentThe Independent
Lean Left

Flutter warns over earnings hit from Budget gambling tax blow

The Paddy Power owner said the tax raid will impact earnings by around £241.7 million in 2025-26 and £407.9 million in 2026-27.

·London, United Kingdom
Read Full Article
RTÉRTÉ
Center

Flutter warns over earnings hit from UK budget tax hike

Paddy Power and Betfair owner Flutter Entertainment has warned that the UK's government's Budget move to hike gambling taxes will hit its annual earnings by hundreds of millions of pounds over the next two years.

·Ireland
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U.S. News broke the news in New York, United States on Wednesday, November 26, 2025.
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