DraftKings is set to extend its market share of the Michigan online gambling industry to a whopping 21.5% after it made last-minute efforts to acquire PointsBet. Less than a month ago, we reported that an agreement was reached between PointsBet and Fanatics Betting and Gaming.
This deal came after talks were advanced between both parties to acquire the entire US operations of PointsBet for $150 million. However, more recent reports suggest that DraftKings may well be favorites to take over PointsBet’s US assets after it bid $195 million. All the details of the acquisition are shared in detail below.