McDowell, who founded the B2B sports betting and igaming supplier 15 years ago, takes on the new role after a series of appointments in recent months.
These include the arrival of Ian Gray as interim leader and board liaison and Adam Smith as head of delivery, while Sam Lawrence, chief technology officer, and Ian Freeman, chief revenue officer, will be taking on expanded roles in the new executive team.
Michael Wagman, FSB’s chair, said “David has been instrumental in building what we believe to be the strongest sports betting and igaming platform in the industry. There are few people that have his deep sector knowledge across sports betting, platform and igaming products and we look forward to continuing our strategic collaboration as David joins the board of directors.”
McDowell said “As a co-founder, I will always have a place in my heart for FSB and I am extremely proud of what we have achieved together. Starting with an initial vision that live data could be used to revolutionise sports betting software, we have gone on to build a global B2B business that has pioneered the SaaS business model for sports betting services – attracting tier-one customers and now managing clients and operations across five continents.
“We have built a business with double digit revenue growth, which handles multiple billions in turnover for our customers annually. Along the way we have won many industry awards and made the Sunday Times TechTrack100 list of fastest growing companies. I am very much looking forward to supporting the new team from my board position.”
Earlier this year, FSB secured licensing approval from the Nevada Gaming Control Board (NGCB). At the time, McDowell said: “Receiving our licence in this crucial, critical jurisdiction clearly captures the momentum we’re experiencing as a business at this moment.
“We aspire to be part of the long-term sports betting story in Nevada and look forward to embracing this market opportunity and, in the long term, aspiring to disrupt the North America region generally with our tier-one tech stack.”