Flutter Entertainment has changed FanDuel’s top leadership after a slower start to the year for its U.S. sportsbook business, with Amy Howe leaving the company and FanDuel President Christian Genetski taking over the U.S. operation.
Dan Taylor, currently CEO of Flutter International, has also been promoted to the new role of President of Flutter Entertainment. He will oversee FanDuel alongside his existing international responsibilities as Flutter tries to tighten the link between its U.S. and global businesses.
U.S. sportsbook growth lagged casino
Flutter reported Q1 revenue of $4.3 billion, up 17% year over year, while adjusted EBITDA rose 2% to $631 million. The U.S. business grew revenue by 6%, but sportsbook revenue was up only 1%, compared with 19% growth for iGaming.
The company said FanDuel entered 2026 with a smaller customer base than expected after NFL results late last year. Sportsbook average monthly players were down 6% year over year during Q1, while iGaming average monthly players rose 10%.
Flutter said it has started a sportsbook improvement plan focused on loyalty, promotional changes and product upgrades. During the quarter, FanDuel began rolling out a sportsbook loyalty program, added Bet Protect+ and expanded parlay features across key sports.
Prediction markets remain part of the U.S. plan
Flutter also used the update to underline its interest in prediction markets. The company said it sees the category as a customer acquisition route in states where sports betting is not yet legal, rather than a direct replacement for FanDuel’s sportsbook.
FanDuel launched its One app in April, serving sportsbook products in regulated betting states and prediction market products in non-sportsbook states. Flutter said Q1 prediction market revenue was still modest, with more product work planned around the FIFA World Cup and the 2026-27 NFL season.
The company has also started market-making services on a third-party prediction market platform and expects to launch the first phase of its own market-making platform in the coming months.
Guidance comes down after Q1
Flutter lowered its 2026 outlook, setting group revenue guidance at $18.305 billion and adjusted EBITDA guidance at $2.865 billion. The company cited unfavorable sports results, Arkansas launch costs and the inclusion of PokerStars North America inside FanDuel reporting.
The company said FanDuel Predicts revenue beyond Q1 is not included in guidance. Its next test is whether the sportsbook improvement plan can rebuild momentum before the NFL season while Flutter keeps funding its prediction market push.
