One of the world’s biggest gambling groups has ruled out a lucrative float of its market-leading US sports betting brand until 2022.

Bosses at Flutter Entertainment, the London-listed bookmaker behind Sky Bet, Paddy Power and Betfair, are understood to be waiting until next year before listing a minority stake in FanDuel.

The FTSE 100 firm said earlier this year that it was exploring a US public offering for the brand, which has surged ahead of rivals as a decades-long ban on wagering on sports is repealed across America. Analysts believe the float could value the business as much as £13bn.

But Peter Jackson, the boss of Flutter, slammed the brakes on the listing following the abrupt resignation of FanDuel’s boss Matt King in May.