Former FanDuel chief executive Amy Howe could receive an exit package worth approximately $21.2 million, substantially more than the cash severance figure disclosed when her departure was announced in May.
Howe left FanDuel on May 6, 2026, after Flutter Entertainment agreed in late April that she would leave the business. At the time, a regulatory filing disclosed $4.37 million in severance, representing 24 months of base salary and annual bonus opportunity. The agreement also preserved several equity awards and other benefits whose combined value was not immediately clear.
More detailed information contained in documentation connected with Flutter’s subsequent financial reporting has now provided a clearer picture of the overall package. According to calculations based on the disclosed arrangements, the total economic value could reach around $21.2 million when cash payments and retained stock-based compensation are included.
A major part of that amount comes from Howe’s FanDuel Value Creation Award, which was granted in October 2021. The award had a potential five-year value of as much as $12.5 million, with Howe’s prorated entitlement calculated at approximately $11.47 million in cash. Combined with the previously disclosed severance, that takes the cash-related value of her departure above $15.8 million before retained equity awards are considered.
Howe also retains rights to portions of restricted stock units and performance stock units. Flutter’s May filing specified full vesting for certain RSU tranches, prorated vesting for other restricted shares and prorated performance stock awards subject to the relevant performance conditions. The company also agreed to cover health insurance for up to 12 months.
The package additionally provides for up to $1 million connected with Howe’s legal costs. Using Flutter’s share price around the time the separation agreement was reached to value the equity component produces the estimated $21.2 million total — roughly 4.9 times the $4.37 million headline severance figure originally disclosed.
The payments and awards are subject to conditions contained in Howe’s separation agreement. These include confidentiality and non-disparagement obligations, cooperation requirements and a one-year restriction on soliciting Flutter employees. Some elements of the compensation are scheduled to be delivered over time, extending into early 2029.
Howe joined FanDuel in 2021 and became chief executive that July, overseeing the company during a period of rapid growth for regulated US sports betting. Flutter said in May that FanDuel president Christian Genetski would take responsibility for leading the business following her departure.
The leadership change came as Flutter sought to strengthen the performance of its US operation. At the time of Howe’s exit, FanDuel remained the leading US sportsbook with an estimated 39% market share, but Flutter had lowered its full-year earnings outlook following weaker US trading and additional costs.