FanDuel CEO Amy Howe out after five years at the sportsbook
FanDuel CEO Amy Howe has been ousted from her position after five years with the company, people familiar with the matter told CNBC.
FanDuel president Christian Genetski will step in to lead the company, according to the sources, who requested anonymity to discuss internal matters.
As president of the nation’s leading sports betting site, Howe has led the sports betting company since 2021. He ran FanDuel during a period of dramatic expansion of sports gambling and other online gambling in many states.
Shares of FanDuel parent company palpitation It fell sharply in afternoon trading on Wednesday, ending the day down 4%. The stock has remained under pressure, falling nearly 60% last year, as investors sold off gaming stocks more broadly due to the specter of sudden competition from prediction markets and concerns about consumer spending amid high gas prices and inflation concerns. shares DraftKings fell 30% in the same period.
In February, Flutter released 2026 guidance that met Wall Street expectations.
Flutter CEO Peter Jackson told CNBC after the earnings report that the company is looking to invest $300 million in its in-house prediction platform FanDuel Predicts, “which pushes our 2026 numbers down.”
“We saw a slightly softer performance in Q4 and we’re reflecting that in the guidance we’ve put in place for this year,” he said.
Jackson said that in a competitive environment, the company needs to spend more on marketing and promotions, but that there is a lack of stories around NFL players that would increase gamblers’ engagement.
Howe is one of the few female leaders in the industry and the only female CEO of a major gambling company.
In a farewell note to employees obtained by CNBC, Howe called on her female colleagues to “continue to support each other and raise the bar.” He also advised employees to “use your voice. You’re all here for a reason.”
A veteran of Live Nation and McKinsey, Howe has deep experience guiding companies through transition, especially those under public scrutiny.
Howe took a leadership role in the industry on responsible gaming by refusing to advertise or use his name, image and likeness in college stadiums or enter into NIL agreements with college athletes.
He was also named a 2026 CNBC Changemaker. Howe told attendees at a CNBC Changemakers event in April that he “cares deeply” about FanDuel.
“We have all worked with leaders of low integrity who took care of themselves,” Howe said at the time. “The ability to be the face of a company and an industry and also lead in a way that is authentic to me at 54 [years old]It’s a very powerful thing to do.”
