Archive · 22 Sep 2025
Allwyn to Acquire Majority Stake in PrizePicks for $1.6 Billion
Imagine a company called Allwyn, which runs lotteries in Europe.
They're making a big move to buy most of PrizePicks, a fantasy sports company in the US.
This deal will cost Allwyn $1.6 billion and is expected to be finished by 2026.
PrizePicks lets people play fantasy sports.
PrizePicks has been growing quickly and made $339 million in a year.
The co-founder of PrizePicks will still be involved.
Allwyn hopes this will help them become bigger in the U.S. and will pay for it with a mix of cash and debt.
Allwyn is acquiring a 62% stake in PrizePicks.
The acquisition is valued at $1.6 billion.
The deal is expected to close in the first half of 2026.
PrizePicks' enterprise value could reach $4.15 billion.
PrizePicks co-founder Adam Wexler will stay on the board.
- Who
- Allwyn, a company operating European lotteries, is acquiring PrizePicks.
- What
- Allwyn will acquire a 62% stake in PrizePicks.
- When
- The deal is expected to close in the first half of 2026.
- Where
- In the U.S. gaming sector.
- Why
- Allwyn aims to expand its presence in the American gaming market.
- Acquisition
- Allwyn to acquire 62% stake in PrizePicks
- Price
- $1.6 billion
- Target
- PrizePicks, a fantasy sports company
- Closing Date (expected)
- First half of 2026
- PrizePicks Enterprise Value
- Potentially up to $4.15 billion
- Allwyn's Business
- Operates lotteries in Europe
- PrizePicks Co-founder
- Adam Wexler to remain on the board