Eight PointsBet states have been turned over today to Fanatics Betting and Gaming, the first assets to change hands between the two companies after Fanatics agreed to purchase all PointsBet U.S. assets for $225 million earlier in the summer.
The two companies announced today that Colorado, Iowa, Kansas, Maryland, New Jersey, Pennsylvania, Virginia, and West Virginia had officially been turned over to Betting and Gaming.
According to the acquisition details provided from the in June, PointsBet was required to begin turning over its U.S. assets to Fanatics by Sept. 1 at a clip of three states per month.
“We are excited about what we are building at Fanatics Betting and Gaming and this acquisition accelerates our plans,” said Matt King, CEO of Fanatics Betting…