Fanatics Betting CEO on PointsBet Acquisition, State of Affairs Ahead of 2023 NFL Season ...Middle East

Thursday marked the first close of Fanatics‘ $225 million acquisition of PointsBet as the sports merchandising company gains sportsbook access in eight states (Colorado, Iowa, Kansas, Maryland, New Jersey, Pennsylvania, Virginia, and West Virginia). PointsBet customers will now see the business in these states being rebranded to PointsBet, a Fanatics Experience. Illinois, Indiana, Louisiana, Michigan, New York and Ohio will eventually close and be rebranded similarly. Fanatics will pay $175 million for the eight states that launched today and an additional $50 million for the subsequent states. It has been a long road for Fanatics, substantively getting into the game more than five years a

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