The company is opening Fanatics Sportsbook at FedExField, the stadium of the NFL's Washington Commanders. Last year, it had been in discussions with small gambling operator Tipico, CNBC previously reported. As the space has grown more competitive, smaller players have struggled, with some, like MaximBet, ceasing operations recently.įanatics has been seeking a deal in the sports betting space for some time. Dozens of sports-betting operators have emerged in recent years, including Flutter -owned FanDuel, DraftKings, Caesars and BetMGM, which is co-owned by MGM Resorts and Entain. The company would be entering a crowded marketplace. BetParx is also available in New Jersey, Pennsylvania, Maryland, Michigan and Ohio.įanatics has considered an initial public offering, but has been looking to complete an acquisition in the gambling space, among other possible deals, ahead of going public, the people said. The BetParx app was launched last year by Greenwood Gaming & Entertainment, the parent company of Parx Casino in Pennsylvania, and Playtech, an online gambling software supplier. Representatives for Fanatics and BetParx declined to comment.
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