FanDuel CEO Amy Howe Out Ahead Of Flutter's Q1 Earnings Release

By Bill Speros

May 6th, 2026 3:11 PM EDT

FanDuel CEO Amy Howe has been removed from the top post after five years leading the sportsbook giant. The news was first reported by CNBC’s Contessa Brewer and later confirmed by Bookies.com

FanDuel President Christian Genetski will to take over leadership duties, according to sources familiar with the matter. The removal of Howe as FanDuel CEO is believed to be a top-down push from parent company Flutter Entertainment driven by investor sentiment, Bookies.com has learned.

The FanDuel CEO story broke just 2 hours before FanDuel's parent company was set to report its 2026 Q1 earnings. Analysts anticipating a year-over-year earnings per share (EPS) decline to roughly $1.15–$1.47, despite strong revenue projected around $4.27 billion

The leadership change lands as Flutter’s stock has been hammered over the last year amid broader gaming-sector concerns, slowing consumer spending and growing anxiety on Wall Street over the rise of federally regulated prediction markets.

Shares of Flutter were down again Wednesday afternoon following the CNBC report. The stock has fallen nearly 60% over the past year, while rival DraftKings has also faced heavy pressure, dropping roughly 30% during the same stretch. DraftKings reports on Wednesday after the bell.

Company Struggles Despite U.S. Dominance With DraftKings

FanDuel’s struggles come despite remaining the dominant force in U.S. online sports betting. Howe helped guide the company through the explosive post-PASPA expansion era after taking over in 2021, overseeing rapid growth across online sportsbook and iGaming markets as more states legalized wagering.

But the company’s future strategy has increasingly shifted toward prediction markets — a sector that has rattled traditional sportsbook investors and regulators alike.

Late last year, FanDuel officially launched FanDuel Predicts. The in-house prediction-market platform aims to capitalize event-contract business overseen federally by the Commodity Futures Trading Commission.

Flutter CEO Peter Jackson said earlier this year the company planned to invest roughly $300 million into FanDuel Predicts, even acknowledging the spending would weigh on Flutter’s near-term financial outlook.

“We saw some slightly softer performance in Q4, and we’re reflecting that in the guidance we’re putting in place for this year,” Jackson told CNBC following Flutter’s February earnings release.

Company's 2026 Guidance Disappoints Wall Street

Flutter’s 2026 guidance also disappointed Wall Street, adding more pressure on the stock during a period when investors have questioned whether prediction markets could siphon betting volume away from traditional sportsbooks.

Jackson also said FanDuel likely should have spent more aggressively on promotions and marketing amid heightened competition.

Howe departs as one of the gambling industry’s most visible executives — and one of its few female CEOs. Before joining FanDuel, she previously held leadership roles at Live Nation Entertainment and consulting giant McKinsey & Company.

She also became one of the industry’s leading public voices on responsible gaming issues. Under Howe, FanDuel avoided advertising inside college stadiums and declined to pursue NIL partnerships with college athletes.

The executive move also underscores how quickly the sports betting landscape is evolving. Just a few years ago, the battle centered almost entirely on sportsbook market share between FanDuel and DraftKings. Now, operators are also trying to position themselves for a future where prediction markets, federally regulated event contracts and traditional sports betting increasingly overlap.

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