Allwyn finalizes PrizePicks majority stake acquisition

• Allwyn announced its intention to acquire a majority stake in PrizePicks late in 2025
• The company recently confirmed the finalization of the acquisition, valued at $1.53bn
• Executives at PrizePicks and Allwyn speak with excitement about the milestone achievement

The leading lottery, gaming and entertainment company, Allwyn International AG, announced the finalization of the majority stake acquisition in PrizePicks, the fast-growing daily fantasy sports operator with a strong presence in the United States.

Milestone $1.53bn stake acquisition is completed

It was back in September when Allwyn announced its intention to obtain a majority stake in PrizePicks.

The former's plan didn't impact PrizePicks growth, with the company continuing to execute its ambitious strategy for expansion.

Notably, PrizePicks expanded its offering with the launch of regulated prediction markets in November.

This enabled the company to gain a strategic advantage by expanding early into the vertical that holds significant potential and entering nearly every U.S. state.

Equally as important, PrizePicks is registered as a Futures Commission Merchant by the National Futures Association, an achievement that enables the company to expand its presence responsibly and in compliance with the established regulations.

Following those milestones, Allwyn confirmed it has successfully closed the acquisition of the 62.3% stake in PrizePicks.

The total value of the transaction is the mind-blowing $1.53bn, and according to a statement by the latter company, it is "subject to customary post-closing adjustments and excluding performance-based earnouts."

Upon announcing the completion of the majority stake acquisition, PrizePicks didn't have any outstanding loans or borrowings, Allwyn said.

The finalization of the acquisition is a defining moment for PrizePicks

Mike Ybarra, PrizePicks' Chief Executive Officer, spoke with excitement about the latest announcement, explaining that it represents a "defining moment" for the company.

"Allwyn's global scale, operational expertise, and long-term approach make them an ideal partner as we continue to grow and evolve," he added.

Finally, Ybarra pointed out: "Together, we will build on our strong momentum and deliver innovative products that deepen engagement with our growing community of players."

Robert Chvatal, Allwyn's Chief Executive Officer, was similarly excited.

"We are excited to support and participate in the next phase of PrizePicks' growth. This investment advances Allwyn's strategy to build a diversified global entertainment platform and significantly strengthens our presence in the United States," he said.

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