There have yet to be any announcements or official from Fanatics about when it will start launching in new states under licenses obtained by the recent Fanatics acquisition, PointsBet.
One state that did offer a little clarity about when PointsBet might exit and Fanatics Sportsbook might enter is New York. At this week’s monthly meeting, the New York State Gaming Commission announced it will evaluate the transfer of license awarded to PointsBet NY LLC to Fanatics. This will include the vetting of key stakeholders at Fanatics Betting and Gaming and ensuring operations continue to maintain the regulatory standards set by the state.
While this is not a regulatory mandate of a corporate buyout to evaluate the transfer of a license, the NYSGC said that because the change in ownership is a new gaming entity to the state, increased scrutiny is necessary.
NYSGC Executive Director Rob Williams gave the commission a rundown of where Fanatics is currently operating. He also drew attention to Fanatics Sportsbook’s issue in Ohio when it offered deposit bonuses on the sportsbook to purchasers of Fanatics merchandise. The Ohio Casino Control Commission mentioned the promotion to NYSGC when it inquired about the operator, but did note there was no fine issued related to the promo.
Per Williams, Iowa, Colorado, Kansas, New Jersey, and Virginia are states where Fanatics Sportsbook should be debuting soon. He also said there are pending requests for a license in 12 states in total.
While Fanatics would benefit from launching in New York at the start of the NFL season, the NYSGC will not make a final determination on its status prior to its September meeting. The NYSGC has not announced the date of its next meeting yet.
