Publication Date: May 6, 2026, 05:09h.
Updated On: May 6, 2026, 05:09h.
- Amy Howe has stepped down from her position at FanDuel after nearly five years.
- Speculations arise that her departure was not voluntary, as she may have been ousted by Flutter Entertainment.
- Christian Genetski, currently serving as FanDuel President, will take over her role.
After a tenure spanning almost five years as the chief executive officer (CEO) of FanDuel, Amy Howe is exiting the gaming firm owned by Flutter Entertainment (NYSE: FLUT).
Howe was the first woman to lead a major sportsbook in the U.S., taking on the CEO role at FanDuel back in October and playing a key part in the company’s expansion following the landmark 2018 Supreme Court ruling that struck down the Professional and Amateur Sports Protection Act (PAPSA). As it stands, FanDuel is the market leader in the online sports betting space in the USA. Taking the reins from her will be Christian Genetski, who is currently the President of FanDuel.
“Christian joined FanDuel in 2015 and as President, he is responsible for steering corporate strategy, business growth, strategic partnerships, and overseeing legal, regulatory, and government affairs,” Flutter stated. “His contributions have been crucial in advancing sports betting legislation across the U.S. and scaling the business to its leading position in the market.”
Flutter has not specified whether Genetski’s appointment as CEO is temporary or permanent.
Was Amy Howe Ousted?
Flutter did not disclose whether Howe resigned or was let go, but there are claims suggesting she may have been ousted as a scapegoat for the company’s dropping share value. Nonetheless, Howe expressed pride in FanDuel’s progress in her statement.
“Together, we have carved out a substantial market leadership, enhanced our product offerings, and laid solid groundwork for continued growth,” she stated. “With the business poised for its next chapter, I believe it’s the optimal time for new leadership to capitalize on our advancements and seize upcoming opportunities.”
The consumer discretionary sector is down 54% this year, raising concerns that FanDuel’s leading position may be jeopardized by emerging prediction markets and other competitive challenges. Flutter recently introduced FanDuel Predicts and plans to invest up to $300 million to fortify this initiative this year.
The extent to which Howe should be held accountable for Flutter’s declining stock price remains a contested issue; however, during her leadership at FanDuel, the company consistently outperformed rival DraftKings in terms of margins.
Flutter Adjusts 2026 Financial Projections
Flutter released its first-quarter financial results today after U.S. market close, which included a downward revision of its 2026 forecasts. The updated expectations predict revenue of $18.3 billion with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $2.86 billion at the midpoint. This is a decline from previous estimations of $18.4 billion in revenue and adjusted EBITDA of $2.97 billion. The company anticipates 12% year-over-year revenue growth and a 1% rise in EBITDA.
Insights from the earnings report may shed light on the reasons behind Howe’s departure.
“FanDuel concluded 2025 with fewer customers than expected, which has continued to impact growth this quarter, with sportsbook average monthly players (AMPs) down 6% compared to last year,” the statement indicated.