Fanatics Sportsbook Launches in Arizona, Acquires PointsBet US

Published on:

Fanatics Sportsbook Launches in Arizona, Acquires PointsBet US

Fanatics Sportsbook has started operating in Arizona and has also bought PointsBet US.

Fanatics Sportsbook has started operating in Arizona and is now available in a total of 18 states in the US. The company recently bought the American operations of PointsBet for $225 million. The Arizona service kicked off through a deal with the Tonto Apache tribe and there are plans to open a physical betting shop at the Mazatzal Hotel & Casino this summer.

Key Details of the Launch

  • Fanatics Sportsbook went live in Arizona recently.
  • The launch was simultaneous with the acquisition of PointsBet US for $225 million.
  • A retail sportsbook will open at the Mazatzal Hotel & Casino.
  • The venture is in collaboration with the Tonto Apache tribe.

Ari Borod, the chief business officer at Fanatics Betting & Gaming, is very happy about their new launch. He said that Arizona is a great place for their sports betting business because people there like many different sports, from baseball to car races.

Arizona Betting Revenue Reports

Arizona's sports betting industry is growing quickly. In January, bettors lost a record $69.3 million to sportsbooks, which is 51.6% more than the $45.7 million they lost at the same time last year, and also 4.8% more than the $66.1 million lost in December. With the addition of Fanatics, the competition is heating up among big companies like FanDuel and DraftKings. FanDuel made the most money with $31.2 million, while DraftKings, despite taking more in bets, made less money.

The Tonto Apache tribe has entered into a partnership with a company called Fanatics.

The Tonto Apache tribe is working with Fanatics to help their community and people in Arizona. Their leader, Calvin Johnson, said this partnership is important because it will make money that can be used for the good of the tribe and all Arizona citizens.

Fanatics has got a betting license through a partnership with the Tonto Apache tribe, and their sports betting area at the Mazatzal Hotel & Casino is expected to attract a lot of people interested in gambling and sports.

Fanatics has started offering online sports betting in Arizona after getting their license from the state's Gaming Department. This step is part of their bigger plan to grow in that business area. Now, people in Arizona who like to bet on sports have one more option to do so, as Fanatics joins other companies that already offer this service.

Further explore:
Click here to read all the latest news related to (online) gambling across the world.

Share this article

Comments (0)

Post a Comment