Allwyn buys majority stake in fantasy sports operator PrizePicks for initial $1.6 billion

ReutersSep 22, 2025 1:20 PM

PRAGUE, Sept 22 (Reuters) - Gaming entertainment group Allwyn International will acquire an approximately 62% stake in fantasy sports operator PrizePicks for an initial cash consideration of $1.6 billion, the company said on Monday.

Under the deal, which is expected to close in the first half of 2026, PrizePicks' implied enterprise value could grow to $4.15 billion from $2.50 billion due to additional cash payable if it reaches certain performance metrics over the next three years.

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