Flutter agrees $300m Kentucky settlement
| By Nosa Omoigui
PokerStars owner Flutter Entertainment has agreed to pay a $200m settlement to the Commonwealth of Kentucky, bringing an end to the long-running legal dispute between the two.
Flutter will also pay an additional $100m previously forfeited to the Commonwealth as part of the supersedeas bond in the case.
The dispute stems back to 2015 when PokerStars was ordered to pay $290m by Franklin Circuit Court Judge Thomas Wingate, after allegations that it provided unlawful gambling services to Kentucky-based players between October 2006 and April 2011.
The fee was then increased to $870m when the Kentucky Supreme Court reinstated the judgement in 2018, with the increase owed to the application of a 12% per annum to the sum owed.
Flutter claimed PokerStars made just $18m from Kentucky customers during the period in question.