PrizePicks Expands to New Hampshire with Fantasy Sports License

PrizePicks, a prominent daily fantasy sports operator in North America, has recently announced its expansion into New Hampshire with the acquisition of a daily fantasy sports operating license. This development marks New Hampshire as the 35th operational market for PrizePicks in the United States. The company is excited to bring its unique skill-based fantasy sports offerings to the Granite State, further solidifying its position as a leading player in the industry.

PrizePicks Expands Reach with New Hampshire Launch

The announcement comes after a challenging period for PrizePicks, during which the company had to revise or withdraw operations in several states. However, this expansion into in 2017. The company is enthusiastic about bringing its offerings to sports enthusiasts across the state.

“We are thrilled to be able to offer our skill-based fantasy offering to sports fans throughout the Granite State,” said Adam Packer, Senior Vice President of Legal & Compliance at PrizePicks. “We are grateful to the New Hampshire Lottery Commission for their thoughtful collaboration.”

Arena: A Unique Peer-to-Peer Experience

PrizePicks is renowned for its variety of skill-based fantasy game types, with Arena being a standout innovation. This peer-to-peer game allows players to compete against each other for prizes, adding a dynamic and competitive edge to traditional fantasy sports. Arena groups players based on several factors, including their number of entries, selected entry fee, and experience level.

Since its launch in January, Arena has gained significant traction, becoming available in ten markets, including New Hampshire. The product has resonated with players, with over 100,000 participants building more than two million lineups this year alone. This remarkable engagement highlights Arena’s appeal to fantasy sports enthusiasts who enjoy a more interactive and competitive experience.

PrizePicks has earned its reputation as a leader in the fantasy sports industry, recognized as the Fantasy Sports Business of the Year by the Fantasy Sports & Gaming Association and as the Fantasy/DFS Operator of the Year by EGR North America. As the fastest-growing sports company in North America, according to the 2023 Inc. 5000 rankings, PrizePicks continues to innovate and provide a fun, fast, and simple version of daily fantasy sports to its s.

Strategic Moves in the M&A Market

In addition to its expansion into New Hampshire, PrizePicks is reportedly exploring opportunities in the mergers and acquisitions (M&A) market. Recent reports suggest that the company has engaged Moelis & Company to explore potential deals. This move aligns with PrizePicks’ strategic goal to strengthen its market position and enhance its offerings through potential partnerships or acquisitions. Moelis & Company, known for brokering the sale of PointsBet to Fanatics last year, is well-equipped to assist PrizePicks in navigating this complex landscape.

Source:

PrizePicks Awarded Operating License in New Hampshire, prnewswire.com, August 1, 2024.