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In late June of 2023, Fanatics acquired PointsBet’s U.S. assets for $225 million and opened a state-of-the-art sportsbook at the Washington Commanders’ residence at FedEx Field. They then opened a second venue adjacent to the Columbus Blue Jackets’ property arena at the finish of August. Even much more lately, ESPN and Penn Entertainment struck a deal to create ESPN BET, aligning Penn’s betting interests with the powerful ESPN brand. Penn agreed to pay ESPN $1.5B in cash over 10 years, as nicely as negotiating out of their previous arrangement with Barstool Sports. Fanatics and ESPN have everything it requires to grow to be the next powerhouse in the sports betting sector and competitors ought to be wary as they look to obtain market place share in the coming months.

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