What you need to know

• The MGC awarded a temporary, one-year Category 3 Sports Wagering Operator License to FBG Enterprises Opco, LLC d/b/a Fanatics Betting & Gaming on February 23, 2023 after a competitive bidding process.
• Fanatics Betting & Gaming received its operations certificate on May 16, 2023 and opened its Massachusetts sportsbook to the public on the same day.
• FBG Enterprises Opco, LLC is undergoing a full suitability review by the MGC ahead of a Commission vote on awarding the entity a five-year Category 3 Sports Wagering Operator License.
• The sports wagering operator licensing fee for a 1-year license is $1 million. Category 3 Sports Wagering Licensees are taxed on 20% of gross sports wagering revenue.
• Fanatics Betting & Gaming’s Category 3 Sports Wagering Operator License is tethered to Plainville Gaming and Redevelopment, LLC d/b/a Plainridge Park Casino’s Category 1 Sports Wagering Operator License. There are currently five Category 3 Sports Wagering licenses tethered to Category 1 licensees. Fanatics Betting & Gaming is one of two Category 3 licensees tethered to Plainridge Park Casino.

About the Gaming Establishment

Description from the Licensee:

Fanatics has developed its online sports betting platform, which launched across the United States in early 2023.

The Fanatics executive leadership team has significant experience in launching sportsbook products in new markets. Fanatics benefits from and leverages its leaders’ previous experiences to not only launch its product, but also deliver a more robust platform, better process, and overall experience for its patrons.

Fanatics offers its mobile sports wagering platform in the Commonwealth of Massachusetts under a “tethered” commercial agreement with PlainvilleGaming and Redevelopment, LLC d/b/a Plainridge Park Casino, a Category 1 sports wagering applicant. Fanatics is an indirect subsidiary of Fanatics Holdings, Inc., a privately held corporation that owns, among other businesses, Fanatics, Inc., the largest seller of licensed sports merchandise in the world, Fanatics Collectables, now the preeminent licensed trading card brand in the U.S. following its recent acquisition of Topps, Candy Digital, a next-generation digital collectibles company, and Fanatics Betting & Gaming.

To learn more about Fanatics Betting & Gaming, visit its website.

The Sportsbook

Quarterly reports

• 2023: Q2 | Q3 | Q4