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Fanatics Finally Completing $225 Million Acquisition of PointsBet

Updated April 7, 2024 | 8:01 am CDT by Sam Smith

We’re getting on nigh a full year since Fanatics outbid DraftKings to acquire PointsBet, but with the close on business in Illinois, Fanatics has at long last fully taken over PointsBet operations. Fanatics legal states have now hit a whopping 20, making it one of the more widely available sportsbooks in the U.S.

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Fanatics came back with a $225 million offer to close the deal and fend off the DFS and sports betting giant.

Fanatics has steadily been taking over PointsBet’s markets ever since, acquiring 10 or so legal states in the first few months and eventually building up to 17 states in 2024. The finalizing of business in Illinois makes it the 20th state to Fanatic’s operations and, per Fanatics Betting and Gaming, gives the new operator access to about 95% of available sports betting residents in the United States.

By all s, Illinois residents will be able to maintain their PointsBet names and s to access Fanatics Sportsbook, as that has been the case in all other Fanatics legal states. Balances, rewards and settings should also transfer over to Fanatics.

Fanatics also was one of a couple handfuls of sportsbooks to launch with North Carolina sports betting on March 11, so it seems states are valuing the potential Fanatics can bring to the sportsbook marketplace.

Here is the full list of the Fanatics legal states as of now:

  • Arizona
  • Colorado
  • Connecticut
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Maryland
  • Massachusetts
  • Michigan
  • New Jersey
  • New York
  • North Carolina
  • Ohio
  • Pennsylvania
  • Tennessee
  • Vermont
  • Virginia
  • West Virginia
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Sam Smith

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Sam Smith

Sam Smith is a writer and editor with Stokastic and OddsShopper. He has been immersed in the world of professional sports data since 2015 while also writing extensively on the NFL for a multitude of blogs and websites. With OddsShopper, Sam looks to blend his sports and editorial expertise with OddsShopper's data to bring you the best betting information possible.

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