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On five-year anniversary of floodgates opening, Fanatics buys PointsBet

Mike Florio and Chris Simms make the case why the NFL should take Mother’s Day weekend off from all work, including minicamps, to celebrate the holiday in the offseason.

Sunday was the fifth anniversary of the U.S. Supreme Court decision opening the floodgates for legalized gambling, on a state-by-state basis. Sunday was also the day on which a massive company with deep ties to the NFL and other major sports acquired an established sports book.

Via multiple reports, Fanatics will purchase the U.S. operations of PointsBet for $150 million.

Via A.J. Perez of, the move will expand the Fanatics sports book footprint to 12 new states.

Fanatics has become a $31 billion behemoth, with major focus on sports merchandise. It aspires to provide all things that a sports fan craves, in one spot. Betting now becomes a potentially big part of that.

PointsBet will retain its Australian and Canadian assets.

Sports betting still has a long way to go in the U.S., especially with major states like California, Texas, and Florida not yet in play. While other states are adding billions to their bottom lines.