Swiss lottery operator buying 62.3% of DFS giant Deal includes initial cash payment of $1.6 billion, placing enterprise value of $2.5 billion on PrizePicks That exceeds latest valuation estimate on PrizePicks PrizePicks, which says it’s the largest daily fantasy sports (DFS) company in North America, is selling a 62.3% stake to lottery operator Allwyn for an initial cash payment of $1.6 billion, placing an enterprise value of $2.5 billion on the seller. A PrizePicks logo. Allwyn is buying 62.3% of the company for $1.6 billion. (Image: Sporting News) Rumors surfaced last month that Atlanta-based PrizePicks could be positioning itself for a sale, with some market observers saying the company could pursue a valuation of at least $2 billion. Should privately held PrizePicks achieve certain financial performance objectives over the next three years, the cash consideration paid by Allwyn could increase by as much as $1 billion, potentially tagging the target with an enterprise value as high as $4.15 billion, according…Â Read More
Category: Commercial GamingÂ
Source: Casino.org
