On Thursday, Fanatics Betting and Gaming announced that it had closed on the first eight states — Colorado, Iowa, Kansas, Maryland, New Jersey, Pennsylvania, Virginia, and West Virginia — in its previously announced acquisition of the U.S. businesses of PointsBet USA.
Fanatics will operate those states as “PointsBet, a Fanatics Experience,” which will bring the number of U.S. states under the Fanatics Betting umbrella to 11, with more states to come soon.
“We are excited about what we are building at Fanatics Betting and Gaming and this acquisition accelerates our plans,” Matt King, CEO of Fanatics Betting and Gaming, said in a press release. “We have a ten-year plan that focuses on the customer and not market share.”
