FanDuel CEO Amy Howe Departs After Five Years as New Leadership Arrives
Flutter Entertainment announced Wednesday that Amy Howe is stepping down as CEO of FanDuel after five years leading the nation's largest online sportsbook. Christian Genetski, who previously served as FanDuel president, becomes the new CEO. The leadership change came as Flutter reported first-quarter earnings showing FanDuel's U.S. revenue grew just six percent year-over-year, compared to overall company growth of seventeen percent. FanDuel's sportsbook revenue increased only one percent while betting handle declined nine percent, pressured by competition from prediction markets. Flutter's stock price has fallen nearly sixty percent over the past year. The company will pay Howe a severance package of four point three-seven million dollars, equivalent to twenty-four months of salary and bonus. Flutter CEO Peter Jackson said this was the right moment for new leadership as the company positions itself for next phase growth. Howe said she handed over a company with established market leadership and strong foundations.
Key facts
- Amy Howe served as FanDuel CEO from 2021 to May 2026, leading for exactly five years
- Christian Genetski, FanDuel president since 2015, becomes new CEO
- FanDuel U.S. revenue grew 6 percent in Q1 2026 versus Flutter overall growth of 17 percent
- FanDuel sportsbook revenue increased only 1 percent while betting handle dropped 9 percent
- Flutter parent company stock down approximately 60 percent over past 12 months
- Howe receives $4.37 million severance package, equivalent to 24 months base salary and bonus
- FanDuel holds 39 percent gross gaming revenue share in U.S. sportsbook market
- Flutter lowered full-year 2026 guidance with revenue expected at $18.305 billion midpoint
Limits of this briefing
No explicitly left-leaning or right-leaning media outlets covered this corporate leadership change; this is primarily a business story with centrist financial media focus. Limited commentary from Howe or company leadership on specific performance issues, with statements using diplomatic language about strategic positioning.
Sources
- CNBC: FanDuel CEO Amy Howe is out after five years at the sportsbook Centre
- Sportico: FanDuel to Give Exiting CEO Amy Howe $4.37M Severance Centre
- SBC Americas: How FanDuel CEO Howe's Severance Package Will Work Centre
- CasinoBeats: FanDuel CEO Amy Howe Dismissed as Company Struggles to Grow Centre
- iGaming Business: FanDuel enters new chapter as Amy Howe departs after five years Centre