Fanatics has officially purchased PointsBet US assets for $225 million. Fanatics has added 14 more states where they can offer legal sports betting. The shareholders for PointsBet approved the sale with over 95% in favor. NEW YORK – Fanatics has officially acquired PointsBet, after over … Read more
Fanatics entered into an agreement with PointsBet US to acquire the company for $150 million in an effort to grow in the legal sports betting industry. DraftKings entered the mix weeks later, placing a bid of $195 million in cash to acquire PointsBet US. DraftKings’ … Read more
Fanatics mobile sportsbook app has launched in Massachusetts with a beta testing product. The mobile sportsbook app beta is currently available to pre-existing Fanatics customers. BOSTON– Fanatics Sportsbook launched a beta product of its mobile sportsbook app in Massachusetts for pre-existing customers. Any Massachusetts resident … Read more
Fanatics Betting and Gaming has acquired PointsBet US for $150 million. The Australian-based sportsbook will retain their Australian and Canadian businesses. Fanatics Sportsbook will gain access to PointsBet US’s sports betting licenses across 14 states. NEW YORK – PointsBet US announced a $150M sale agreement … Read more
PointsBet is the seventh biggest sports betting company in the U.S. and will now be selling its North American division. Heading into 2023, the operator posted some impressive numbers with over a billion dollar handle for the first half of the fiscal year. Prospective buyers … Read more
After a seven-month wait following the signing of a bill regulating sports betting, Massachusetts is ready to open online markets to many hungry bettors. Seven of the most well-known and renowned sportsbook app operators have already been granted licenses and are ready to launch on … Read more
The Maryland Lottery awarded 10 sportsbooks a license in their Thursday meeting. The Lottery director, John Martin, expects online Maryland sportsbooks to launch on Wednesday. A total of seven of the 10 sportsbooks licensed in Maryland are said to be ready for the launch. BALTIMORE … Read more
Sports apparel company Fanatics trademarks BetFanatics as they aim to launch their own sports betting mobile app. Fanatics would join the likes of Sports Illustrated and FuboTV as sporting companies that transitioned into sports betting. JACKSONVILLE, Fla. – It seems a new regulated sportsbook is … Read more
A committee representing several of California’s native tribes has launched an advertising campaign against the California Solutions to Homelessness and Mental Health Support Act. The tribes argue that the initiative would break a promise to the tribes that they would be granted exclusive rights to … Read more
Assemblyman Gary Pretlow introduced an amendment that would cut sportsbooks’ effective tax rate from 51% to 25% by 2024; Sen. Joe Addabbo presented its sister amendment in the Senate. The amendment would increase the number of online sportsbook skins to cut the tax rate, allow … Read more
New York is expected to announce several online sports betting operators this week, with the launch expected before Super Bowl 56. Once launched, the online operators will face the highest tax rate on online sports betting profits in the United States at 51%. ALBANY, N.Y. … Read more
Jay-Z and Fanatics (a sports clothing company) have come together to apply for a mobile sports betting license in New York. The sportsbook would be called Fanatics Sportsbook and would use Kambi as their software provider. The New York Gaming Commission (NYGC) has received six … Read more