FanDuel is aiming for a larger slice of the US sports betting hold margin by 2030, a market its parent company, Flutter, projects will hit $63 billion by 2027, 50% larger than its previous estimate.

Flutter outlined its path to achieving that target during its Investor Day a number of weeks ago, as FanDuel looks to expand its market-leading position.

FanDuel holds 38% of the combined revenue share in the US sports betting and iGaming market.

Through 2024 it had 46% of market share in sports betting revenue, versus 32% for the next closest company, according to its investor presentation. It also leads the market in the share of iGaming revenue with 25%, up from 2022 when it was third at 17%, according to the presentation.

“Our market share opportunity is still relatively small despite being the global leader in this space,” Flutter CEO PeterJackson said.