David Jennings Named The New FanDuel CFO
On May 4, 2022, David Jennings was named the new Chief Financial Officer of FanDuel. The role, previously held by Paul Rushton, puts Jennings in control of the casino, finances, stats, sportsbook, and more of one of the top online gambling operators in the country. Jennings received his BA degree in Economics from Business from Trinity College Dublin in Ireland. Jennings joins a company in FanDuel Group that has a portfolio of top brands in the gaming, sportsbook, and daily fantasy sport industries. FanDuel has a hand in all 50 states with over 12 million users across America. FanDuel has also partnered with the NFL, NBA, MLB, and NHL as well as individual teams within those leagues.
David Jennings History
Prior to landing one of the top roles in the casino and sportsbook industry, he worked as a Research Analyst at Goldman Sachs Asset Management. After Goldman Sachs, he went to J&E Davy with a focus on researching the gaming industry with a heavy emphasis on mobile and online gambling. His last role before joining FanDuel was working for the parent company of FanDuel, Flutter Plc. There he was the Group Director of Investor Relations and FP&A. He also led the Corporate Development team for a brief period of time. The FanDuel team, of course, is thrilled to have him aboard. Amy Howe, Chief Executive Officer of FanDuel is happy to welcome him to the team as she believes that he is a perfect financial executive with vast and valuable knowledge of the field. She believes that Jennings will guide the development of FanDuel with improving the processes of financial approach and discipline.
The arm of FanDuel that Jennings will be leading makes FanDuel one of the top gambling operators in the country for both online casinos and sports betting. In fact, in 2021, FanDuel had revenue of $1.9 billion which beat out all other competitors for the year. The next highest revenue for a sportsbook was DraftKings which made $1.3 billion in revenue. FanDuel has also seen incredible growth from a state by state point of view. Data from the Deutsche Bank iGaming report shows that FanDuel obtained 46.7% of the market share in 7 different states for mobile sports betting GGR in the month of January.