Allwyn Buys PrizePicks: A $1.6 Billion Fantasy Sports Bet

Allwyn International is set to acquire a 62% stake in PrizePicks for $1.6 billion, potentially rising to $4.15 billion if PrizePicks meets performance targets. This move highlights the booming fantasy sports market and Allwyn's strategy to diversify beyond traditional gaming, promising future changes and investments for PrizePicks users and potentially sparking further acquisitions in the industry. Hosted on Acast. See acast.com/privacy for more information.