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  "docSlug": "92dabe51056ba93db1427639d1470b2b",
  "documentTitle": "Flutter | SPAC Presentation Deck | 16 slides",
  "authorId": "flutter",
  "authorName": "Flutter Entertainment",
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  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2020-12-01 00:00:00",
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  "slideType": "market_sizing",
  "function": "size_opportunity",
  "density": "dense",
  "nDataPoints": 12,
  "notes": "Uses a stacked bar chart to compare 2021 US TAM projections against 2019 core market performance.",
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  "slideHref": "/slides/019de070-80c3-75bf-9b93-403ab43c98e5/6",
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      "kind": "callout",
      "text": "Scope for US market size to be a multiple of core markets",
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      "text": "US TAM growth 2018-2021 vs Core Markets 2019",
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      "text": "FanDuel TAM continues to grow: Sportsbook expected to be available to 33% of US population in 2021; 11% for gaming. Every +5% of population adds c.$850m to sports betting TAM; c.$1.3bn to gaming TAM.",
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      "text": "UK&I and Australia comparison: 31% online market share in core markets. Expected to generate EBITDA of >$1bn in 2020. US population >3x core markets.",
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      "text": "Total addressable market. Based on Eilers and Krejcik & Flutter estimates. Assumes FanDuel online sportsbook live in 14 states in 2021...",
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      "kind": "title",
      "text": "Potential for US to generate significant EBITDA for Flutter",
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