Flutter Agrees to $200 Million Settlement in Kentucky Case
Following a tenuous battle, Flutter has agreed to pay $200 million to the Commonwealth of Kentucky in addition to $100 million previously forfeited.
The legal dispute stems from the recovery of alleged losses by PokerStars players in Kentucky from 2006 to 2011. In 2015, the Franklin Circuit Court found the Stars Group violated the Unlawful Internet Gambling Enforcement Act from 2007 to 2011. The Stars Group was ordered to pay $870 million in damages before the ruling was overturned in December 2018 following an appeal in the Kentucky Supreme Court.
The Kentucky Supreme Court later reinstated the 2015 ruling against The Stars Group in 2020 while also adding interest to the requested amount for damages. This brought the payable sum to $1.3 billion.
"Flutter is wholly surprised by today's ruling and strongly disputes the basis of this judgement, which, it believes, runs contrary to the modern U.S. legal precedent," the company said at the time.
This led to Flutter turning to the Supreme Court earlier this month, asking the court to review the $1.3 billion settlement. But since Flutter and Kentucky came to terms with a settlement outside of court, the legal dispute between the two parties had ended.
More on Flutter
Flutter operates many well-known gaming brands across the world. In the U.S., two of its most popular brands are FanDuel Sportsbook and FOX Bet.
Last year, Flutter acquired The Stars Group, making it the host of one of the top online poker sites in the world. PokerStars has dealt more than 200 billion hands and hosted more than a billion online tournaments.
Elsewhere, Flutter powers the Paddy Power Sportsbook in online and retail locations in the U.K. and Ireland, in addition to the global sportsbook Betfair. Flutter also has a presence in Australia with the online-only sportsbook, Sportsbet.
Flutter’s headquarters are in Dublin and the company employs more than 14,000 people globally.
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