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Fanatics to buy PointsBet's U.S. sports-betting business for $150 million

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Fanatics Inc. will buy the U.S. operations of Australia's PointsBet for about $150 million, in the company's largest foray yet into sports betting.

Fanatics Inc. will buy the U.S. operations of Australia’s PointsBet for about $150 million, in the company’s largest foray yet into sports betting.

PointsBet is an online sportsbook that launched in the U.S. in 2019, and operates in 15 states, including New Jersey, Iowa, Illinois and Colorado.

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Fanatics to buy PointsBet's U.S. sports-betting business: reportFanatics will buy the U.S. operations of Australia's PointsBet, CNBC reported late Sunday, in the company's largest foray into sports betting.
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