FanDuel’s CEO Amy Howe has confirmed her sudden exit from the position, with parent company Flutter Entertainment describing the decision as a “Separation Agreement”.Howe...
FanDuel TV and FanDuel Picks shut down with 100 job cuts
FanDuel has announced the shutdown of two of its media operations, FanDuel TV and FanDuel Picks.
FanDuel revealed the news during a town hall meeting, announcing that the networks will be phased out over the coming 20 months, and by November 2026, more than 100 jobs will be cut as a result, as CEO Amy Howe stressed that the change is a long-term strategy and not a short-term cost decision.
Around 60% of staff will be cut by the end of June 2026, with a small team remaining to finish its commitment to Keeneland and Triple Crown coverage.
Andrew Moore, general manager of racing for FanDuel, stated:
“FanDuel conducted a thorough review of the business, and the investments needed to support a linear network didn’t align with its long-term strategy. FanDuel is directing its investments toward the areas most critical to its long-term roadmap and core businesses. Those principles resulted in making deliberate, difficult decisions to better align the company’s portfolio with where it sees the greatest opportunity.”
Turning to FanDuel Picks, the company said that the feature was created to allow players to compete with friends, but after reviews, FanDuel decided to refocus resources to other parts of the business. Users will have until May 29, 2026, to access their accounts and withdraw any available funds.
Formula 1 announced on April 30 that FanDuel will become its first U.S.-based official betting partner, integrating the operator’s content into the race’s digital platforms.
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