Sky Bet and Paddy Power owner Flutter grows UK revenue 4% as online casino offsets weak sport
Flutter owns Sky Bet, Paddy Power and Betfair, some of the biggest names in British gambling. Its third-quarter results on 4 November showed UK and Ireland revenue up 4%, carried by online casino while sports results went against it. They also show how operators are using jackpot promotions, rather than ever-bigger welcome offers, to keep players engaged.
By the Top Casino Bonus team. Published .
Key points
- Flutter’s UK and Ireland revenue rose 4% to $889m in the third quarter of 2026.
- UK and Ireland online gaming grew double digits, with average monthly players up 20%, helped by World Cup cross-sell and Sky Bet’s Big Drop jackpot promotion.
- Customer-friendly sports results cost its international business about $131m of revenue.
- International profit margin fell 2.8 points to 18.0%, mainly because of the rise in UK remote gaming duty from 21% to 40%.
- The group cut its 2026 guidance and reported a net loss of $1.15bn, driven by an $873m Brazil impairment.
- Results published
- 4 November 2026
- UK and Ireland revenue
- $889m, up 4%
- Average monthly players (UKI gaming)
- Up 20%
- International revenue
- $2.42bn, flat
- International EBITDA margin
- 18.0%, down 2.8 points
- Chief executive
- Dan Taylor
The results
| Measure | Figure |
|---|---|
| Group revenue | $3.87bn, up 2% |
| UK and Ireland revenue | $889m, up 4% |
| International revenue | $2.42bn, flat |
| International adjusted EBITDA | $435m, down 14% |
| Group net loss | $1.15bn, including an $873m Brazil impairment |
Flutter closed its Brazilian operations on 26 September after a provisional ban on online betting and gaming, and lowered its full-year revenue guidance to $17.61bn at the midpoint. It is the first set of results under chief executive Dan Taylor. Flutter has also announced a restructuring of its UK and Ireland business in response to the tax rises, putting about 1,400 jobs at risk.
Jackpots, not bigger welcome offers
Flutter credited growth in players partly to Sky Bet’s Big Drop jackpot promotion. With bonus wagering capped at 10x and duty at 40%, operators are leaning on free-to-enter jackpots, prize drops and loyalty features rather than larger welcome bonuses. Our guides to prize drops, jackpot slots bonuses and loyalty bonuses explain how they work and what they are worth.
Sport and casino are now separate offers
World Cup cross-sell helped Flutter’s casino numbers, but since 19 January 2026 a single promotion cannot mix sport and casino. If you join a bookmaker for its sports offer, any casino bonus must be a separate offer with its own terms; see sports or casino welcome offer and the mixed-product ban.
18+. Gambling should be entertainment, never a way to make money. Free, confidential help 24/7: National Gambling Helpline 0808 8020 133, or see our safer gambling page.
Ad UK-licensed casinos · offers checked 7 November 2026
Our top three casino bonuses this month
- #1
Coral Casino · ★ 4.3/5Bet £10 on slots, get 100 free spinsClaim at Coral (advert, opens in a new tab)Significant terms: 18+. New players only. Offer runs 01/10/2026 to 01/02/2027. Deposit (certain types excluded) and bet £10+ on slot games to get 100 free spins (selected games, £0.10 each, 48 hrs to accept, valid 7 days). No wagering on free spin winnings. Deposits by Neteller, PayPal, Paysafe, Skrill, prepaid cards and certain debit cards do not qualify. Restrictions and T&Cs apply. GamCare.org.uk Read the review
- #2
Ladbrokes Casino · ★ 4.2/5Play £10 on slots, get up to 500 free spinsClaim at Ladbrokes (advert, opens in a new tab)Significant terms: 18+. New customers only, from 14/11/25 until further notice. Certain deposit methods excluded. Deposit and spend £10+ on slots for 50 free spins a day during the first 10 days after first deposit and registration (max 500, £0.10 each, selected games, claim before 23:59 each day, valid 7 days). No wagering. Prepaid cards, PayPal, Paysafe, Neteller, Skrill and Moneybookers deposits do not qualify. Restrictions and T&Cs apply. GamCare.org.uk Read the review
- #3
Significant terms: 18+. New UK customers (excluding Northern Ireland). First deposit only. Minimum deposit £10. 80 free spins on Big Bass Bonanza, £0.10 each. No wagering requirements; winnings paid in cash. Cannot be used with any other offer. Only available to players who arrive through the designated offer link. Full T&Cs apply. GamCare.org.uk Read the review
18+. New customers only. We may earn commission from these links. Advertiser disclosure · See all five bonuses
Frequently asked questions
Who owns Sky Bet and Paddy Power?
Flutter Entertainment, which also owns Betfair and FanDuel.
How did Flutter’s UK business perform in Q3 2026?
UK and Ireland revenue rose 4% to $889m, with online gaming growing double digits.
Why did Flutter’s margin fall?
Mainly because UK remote gaming duty rose from 21% to 40%, plus customer-friendly sports results.
Can a bookmaker offer one bonus for sport and casino?
No. Since 19 January 2026 each promotion can cover only one product type.
Related pages
Sources
More casino bonus news
What the 28 October Budget means for casino bonuses: new free play rules, unchanged online dutyThe Budget on 28 October 2026 left online casino duty at 40%, raised machine games duty to 25% and announced new tax rules for free spins and other free plays from 1 April 2027. What it means for UK casino bonuses.
Read the story →
Casino bonuses in November 2026: all five offers re-read, ranked and valuedOur November 2026 check of five UK casino bonuses: Coral 100 free spins, Ladbrokes up to 500, PlayOJO 80 no-wagering spins, Casumo 50% to £100 and 10bet 100% to £25. Value, wagering, deadlines and catches.
Read the story →
From Black Friday to advent calendars: the first festive promotion season under the 2026 bonus rulesBlack Friday falls on 27 November 2026 and advent calendars run from 1 December. This is the first festive season under the 10x wagering cap and the mixed-product ban. What seasonal casino offers can and cannot do.
Read the story →
Financial risk assessments are coming in stages: the thresholds, and what they mean if you claim a bonusThe Gambling Commission is introducing financial risk assessments in stages, starting at net deposits over £5,000 in 24 hours. The thresholds, how the checks work, and why a typical welcome bonus will not trigger one.
Read the story →