Fanatics Buys Operations of Sports Betting Company PointsBet for $150 million

RetailPlatforms
Written By Rick Watson

PointsBet is an online sportsbook and gambling company that offers a unique form of sports betting known as "spread betting." It was founded in Australia in 2015 and has since expanded its operations to the United States.

If there is a sporting category that Fanatics is not expanding into, I would like to know about it.  Anyone who has watched any sporting event in the past few years knows about the rise of sports betting in the United States.  The real crown jewel of this deal is that Fanatics gains access to PointsBets licenses in about 15 states and create a new major competitor to FanDuel and DraftKings.

CNBC: Fanatics to buy PointsBet’s U.S. assets for about $150 million

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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