Fanatics hits milestone with sportsbook launch in New York
Fanatics Betting and Gaming (FBG) has announced the launch of its sportsbook in New York, marking the 15th state in which it offers online sports betting.
Players in New York can now download the Fanatics Sportsbook and begin placing bets on a range of events.
Fanatics replaces PointsBet in New York. Customers previously betting with PointsBet in the state will have their information automatically migrated to the Fanatics Sportsbook. This includes their username, password, account balance, rewards points and any responsible gaming settings.
The launch marks the latest phase of Fanatics’ acquisition of PointsBet US. FBG purchased the business in August 2023 and has been phasing out the PointsBet brand ever since.
the launch marks fanatics’ latest acquisition phase of pointsbet us
Earlier this week, Fanatics also rolled out its sportsbook product in Indiana. The New York launch means it is now active in 15 states including Colorado, Connecticut, Iowa, Kentucky, Maryland, Massachuset..
Fanatics Betting and Gaming (FBG) has announced the launch of its sportsbook in New York, marking the 15th state in which it offers online sports betting.
Players in New York can now download the Fanatics Sportsbook and begin placing bets on a range of events.
Fanatics replaces PointsBet in New York. Customers previously betting with PointsBet in the state will have their information automatically migrated to the Fanatics Sportsbook. This includes their username, password, account balance, rewards points and any responsible gaming settings.
The launch marks the latest phase of Fanatics’ acquisition of PointsBet US. FBG purchased the business in August 2023 and has been phasing out the PointsBet brand ever since.
Earlier this week, Fanatics also rolled out its sportsbook product in Indiana. The New York launch means it is now active in 15 states including Colorado, Connecticut, Iowa, Kentucky, Maryland, Massachusetts, Michigan, Ohio, Pennsylvania, Tennessee, Vermont, Virginia and West Virginia.
FBG also operates the Fanatics Casino in Michigan, Pennsylvania and West Virginia.
During the month, New York set a new online sports betting revenue record of $211.5m (£167.5m/€195.7m). This was 12.3% ahead of the previous record of $188.3m.
As for handle, players wagered $1.96bn, up 9.5% from $1.79bn in January 2023 but 3.9% less than December’s $2.04bn.
In terms of the legacy PointsBet business, the brand is placed in the middle of the pack. For January, it posted revenue of $2.6m and a $31.7m handle.
FanDuel leads the market, posting a record $109.2m in online betting revenue for January off $867.1m in wagers.
Fanatics set for North Carolina launch as licence approved
Confirmation of the New York launch comes as Fanatics also looks set to go live in North Carolina.