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A buyout of PointsBet would set up a Fanatics Sportsbook NY sports betting license (assuming regulatory approval). “Fanatics and PointsBet are excited to enter into an agreement for Fanatics Betting and Gaming to acquire PointsBet’s US business,” Fanatics and PointsBet said in a joint statement.
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PointsBet to Fanatics Sportsbook NY transition is finally done. After acquiring PointsBet’s US sports betting operations for $225 million last year, Fanatics rebranded most of the existing sportsbook products as PointsBet, A Fanatics Experience, including in NY, where the company received regulatory approval in October.
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By Nando Di Fino, Andrew DeWitt and Daniel Kaplan. Fanatics has agreed to acquire PointsBet’s U.S. assets for $150 million, PointsBet announced in a news release Sunday.
