FanDuel’s Amy Howe achieves profitability while being a trailblazer in a male-dominated industry

FanDuel’s Amy Howe achieves profitability while being a trailblazer in a male-dominated industry

Article brief provided by Insider
  • Rebecca Knight, Insider
December 28, 2022 8:02 PM
  • Rebecca Knight, Insider

As the CEO of FanDuel, Amy Howe accomplished a feat this year that so far no other US sports-betting platform has been able to achieve: profitability.

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The company, whose businesses include fantasy sports, sports gambling, online casino games, and horse racing, in September posted its first-ever profit — when excluding certain costs — and forecast full-year profitability for 2023, at least a year before DraftKings, its closest rival, plans to follow suit.

FanDuel, which is owned by the Dublin-based Flutter Entertainment, projects revenue of $3 billion for 2022 and has said that the total market for online gambling could reach more than $40 billion by 2030.

Analysts say that Howe, who joined FanDuel in February of 2021 as interim CEO and officially got the top job six months after that, deserves much of the credit for the company’s growth.