European lottery giant Allwyn acquires $1.6bn stake in PrizePicks to enter the US fantasy sports market
European lottery giant Allwyn International is set to acquire a major stake in PrizePicks. The deal, announced on September 22, 2025, will give Allwyn a 62.3% ownership. The initial investment is $1.6 billion. This acquisition marks Allwyn's entry into the US Daily Fantasy Sports market. PrizePicks will continue operating independently. The current CEO, Mike Ybarra, will remain in charge.
European lottery giant Allwyn International is set to acquire a major stake in PrizePicks. The deal, announced on September 22, 2025, will give Allwyn a 62.3% ownership. The initial investment is $1.6 billion. This acquisition marks Allwyn's entry into the US Daily Fantasy Sports market. PrizePicks will continue operating independently. The current CEO, Mike Ybarra, will remain in charge.
