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Allwyn to buy 62.3% of PrizePicks for $1.6B, with up to $1B more possible.
Allwyn International AG has agreed to acquire a 62.3% majority stake in PrizePicks, the leading daily fantasy sports platform in North America, for an initial $1.6 billion, with potential additional payments of up to $1 billion by 2029, raising the maximum enterprise value to $4.15 billion.
The deal, pending regulatory approval, is expected to close in early 2026.
PrizePicks, active in over 45 U.S. states and generating $339 million in Adjusted EBITDA over the past year, will remain a standalone brand with its current leadership team retaining significant ownership and control.
The acquisition supports Allwyn’s expansion into the U.S. sports and entertainment market, aiming to leverage PrizePicks’ fan engagement model and scale through innovation.
The transaction will be funded with a combination of cash and debt.
Allwyn comprará el 62.3% de PrizePicks por $1.6B, con hasta $1B más posible.