Amy Howe, Chief Executive Officer of FanDuel Inc., at the Semafor Global Economy Summit during the Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington, DC, U.S., Tuesday, April 14, 2026.
Aaron Schwartz | Bloomberg | Getty Images
FanDuel CEO Amy Howe was ousted from the role after five years at the company, people familiar with the matter told CNBC.
Christian Genetski, FanDuel’s president, will take the helm at the company, according to the people who asked not to be named in order to speak on internal matters.
Howe, head of the nation’s leading sportsbook, has led the sports betting company since 2021. She oversaw FanDuel during a time of dramatic expansion of sports and other online gambling in several states.
Shares of parent company FanDuel Beat fell sharply on Wednesday afternoon, down about 2.5%. The stock has been under pressure, down nearly 60% over the past year, as investors sold gaming stocks more broadly, facing the sudden specter of competition from prediction markets and worries about consumer spending due to rising gas prices and inflation concerns. Actions of DraftKings are down almost 30% over the same period.
In February, Flutter released forecasts for 2026 that missed Wall Street’s expectations.
Flutter CEO Peter Jackson told CNBC following the earnings report that he wanted to invest $300 million in FanDuel Predicts, the company’s in-house predictions platform, “and that brings our numbers down for 2026.”
“We saw slightly weaker performance in the fourth quarter, and we reflect that in the guidance we are putting in place for this year,” he said.
Jackson said the company should have spent more on marketing and promotions in a competitive environment, but there was a lack of storylines around NFL players that would drive player engagement.
Howe is one of the few female leaders in the gaming industry. A veteran of Living Nation and McKinsey, Howe brought extensive experience supporting companies in transition and particularly those subject to public scrutiny.
Howe has taken a leadership role in the responsible gaming industry, refusing to advertise in college stadiums or enter into name, image and likeness, or NIL, agreements with college athletes.
She was also named CNBC Changemaker 2026. Howe told an audience of attendees at a CNBC Changemakers event in April that she “cares deeply” about FanDuel.
“We have all worked with leaders who have little integrity, who care about themselves,” Howe said at the time. “The ability to be the face of a company and an industry, but to lead in a way that feels authentic to me is, at 54, [years old]a very powerful thing to do.”