Betfair is an online gambling operator providing a wide range of sports betting and gaming products. The company runs three distinct products: Exchange, which connects customers to bet against each other; Sportsbook, a traditional fixed odds bookmaker; and Gaming products, including live poker dealers, bingo, a casino, and slot machines. The company merged with Paddy Power to form Flutter Entertainment.

TypeSubsidiary
Parent CompanyFlutter Entertainment
HQLondon, GB
Founded1999
Websitebetfair.com
Betfair was founded in 1999 and is headquartered in London, GB

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Betfair Office Locations

Betfair has offices in London, Halifax, Dublin, Milan and in 1 other location
London, GB (HQ)
Waterfront Hammersmith Embankment Chancellors Road (access on Winslow Road)
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Betfair Financials and Metrics

Summary Metrics

Founding Date

1999
Betfair is a subsidiary of Flutter Entertainment

Betfair Revenue

Betfair's revenue was reported to be £563.90 m in FY, 2016 which is a 18.3% increase from the previous period.
GBPFY, 2015FY, 2016FY, 2017

Revenue

476.5m563.9m

Revenue growth, %

21%18%

Cost of goods sold

90.6m

Gross profit

385.9m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

179.6m111.0m133.4m150.9m155.0m135.4m168.1m209.8m105.1m125.0k26.0k26.0k

Accounts Receivable

2.2m1.9m2.2m1.9m2.2m2.2m3.6m69.8m

Inventories

Current Assets

190.9m122.4m151.5m173.2m176.3m165.0m186.8m232.8m128.4m69.9m71.7m71.7m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

19.4m32.6m38.8m15.1m23.0m46.6m(45.2m)51.0m86.4m1.6m920.0k

Cash From Operating Activities

38.5m66.8m66.0m53.0m57.7m96.4m83.1m79.5m139.1m128.1m

Dividends Paid

9.6m15.6m24.1m59.7m

Cash From Financing Activities

20.2m(110.8m)(35.4m)1.9m4.3m(57.6m)(7.0m)(14.3m)(220.0m)(59.0m)
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Betfair Online and Social Media Presence

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Betfair News and Updates

MGA Games, Paddy Power Betfair Clinch Casino Content Supply Deal

A few days after one of the busiest events on the iGaming calendar wrapped up with a bang, Paddy Power Betfair and MGA Games announced today that they have penned a content supply deal namely during the latest edition of the SiGMA iGaming Show in Malta. Under the terms of the deal the major Irish [……

Betting Brokerage Closes Business with Betfair Clone Site after Financial Times Investigation

Online sports betting brokerage Asianconnect88 has closed its business with a website connected to Betfair after a recent investigation by the Financial Times detailed an obscure pattern of the P2P gambling exchange using third-party websites to avoid identity checks of new customers. Asianconnect88…

Mercurius Releases its Artificial Intelligence App for Sports Trading on Betfair Exchange

MILAN, March 27, 2019 /PRNewswire/ -- Mercurius is today announcing the launch of its new application, Tradr, in the Betfair App Directory, which makes successful sports trading as simple as pressing a button. Consistently positive returns are possible thanks to, Mercurius' proprietary...

No-deal Brexit odds dive under 5 percent on Betfair exchange

The implied chance of a no-deal Brexit tumbled to under 5 percent on the Betfair online exchange on Friday, after the European Union agreed a range of possible extensions to the process.

Mobile Gambling Market Growth, Trends, Demand, Share, Analysis and Market Survey 2023 by Leading Players: 888 Holdings PLC, Betfair Group plc., Unibet Group, William Hill and others

Mobile Gambling market report provides unique tools to support market assessment, opportunity highlighting, and strategic decision making. This report understands that in a rapidly evolving competitive environment, the latest marketing information is essential to monitoring performance and making im…

Exploring Global Sports Betting Market by Key Players to 2018-2025: Key Players - 888 Holdings, Betfair, Bwin, Party Digital Entertainment, Unibet, BET365, bet-at-home, BetAmerica, Betfred

The global sports betting market is expected to grow at a CAGR of +9% over 2018-2025. The sports betting market is caused by the significant expenditure of gamers and online platform users who can make money easily. Posted via Industry Today. Follow us on Twitter @IndustryToday
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Betfair Frequently Asked Questions

  • When was Betfair founded?

    Betfair was founded in 1999.

  • Who are Betfair competitors?

    Competitors of Betfair include Sportradar, Dream11 and Sky Betting & Gaming.

  • Where is Betfair headquarters?

    Betfair headquarters is located at Waterfront Hammersmith Embankment Chancellors Road (access on Winslow Road), London.

  • Where are Betfair offices?

    Betfair has offices in London, Halifax, Dublin, Milan and in 1 other location.

  • How many offices does Betfair have?

    Betfair has 5 offices.