Flutter Shuts Down India Operations Under New Law, Faces $67M Revenue Loss

^{Pictured: Peter Jackson, CEO of Flutter}

Flutter Entertainment may lose around $67 million in revenue after suspending its operations in India, according to an official statement from the gambling group.

The company said the decision follows the recent passage of federal legislation banning online gambling. The bill was fast-tracked through parliament and signed by the president without industry consultation, Flutter noted.

“Flutter is disappointed with developments in India and has ceased its operations in the country as of August 22, 2025, in line with the new law,” the statement read.

The group had expected its Indian business to generate $200 million in revenue this year, with a forecast profit of $50 million.

On a monthly basis, Flutter projected $16.7 million in revenue, meaning the four remaining months of 2025 will result in a shortfall of about $66.8 million.

CEO Peter Jackson voiced frustration over the sudden regulatory shift, stressing that Flutter had invested heavily in the local industry and created 1,100 jobs.

“We believe the ban will simply drive customers to the unregulated market, which contributes nothing to the local economy,” Jackson added.

Despite the setback, Flutter is currently exploring possible ways to re-establish its presence in India.