Fanatics Rumored in Negotiations to Acquire PointsBet USA

Fanatics Sportsbook is negotiating to acquire PointsBet USA. According to pay per head bookie experts, the deal will include the PointsBetting apparatus. Also, there are rumors that the two companies will announce the deal next week.

According to gambling industry news reports, the potential acquisition of PointsBet would be a significant step toward Fanatics’ goal of gaining market access in 12 US jurisdictions with regulated sports betting by the 2023 NFL season. Also, it is part of a larger strategy to eventually be present in every significant state with legal sports gambling.

PointsBet is a potential acquisition target by Fanatics due to its broad market access. They include major sports wagering jurisdictions in New York, Illinois, Michigan, New Jersey, and Pennsylvania. Rumors of a possible deal for PointsBet’s US business first surfaced in 2021.

Fanatics to Acquire PointsBet USA

Fanatics Rumored in Negotiations to Acquire PointsBet USADue to the fierce competition in the US online sports wagering industry controlled by DraftKings, FanDuel, and BetMGM, PoinstBet USA withdrew the launch of its dedicated Massachusetts sports betting app in February.

In April, PointsBet recruited a major financial advising company to find a buyer for its US business, fueling speculation that the operator is looking to exit the country. Later that month, the operator announced its intention to offload its US and North American operations.

PointsBet was forced to cancel betting contracts with the University of Maryland and the University of Colorado after AGA amended its Responsible Marketing Gaming Code for Sports Wagering.

According to sportsbook pay per head reviews and news sites, the operator was also involved in a cryptocurrency phishing scam and temporarily shut down its email communications system after it was accessed by a third-party supplier who sent emails containing an unwanted cryptocurrency offer.

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