Fanatics Sportsbook Review
The newest major US sportsbook - backed by Fanatics merchandising, FanCash crossover.
Fanatics Sportsbook is the newest of the major US books, launched after Fanatics Holdings acquired the PointsBet US business in 2023 and absorbed those state licenses. The defining feature is FanCash - every bet earns FanCash points that can be redeemed either for merchandise on Fanatics.com (the largest licensed sports merchandiser in North America) or as bonus bets on the sportsbook. For collectors and team gear buyers this is a meaningful crossover that no other sportsbook offers. The product itself is a competent recreational-tier book - pricing comparable to DraftKings/FanDuel, mobile app reasonably polished but still maturing. Currently live in 25 jurisdictions including DC and growing. Casino integration in MI, NJ, PA, WV.
Quick Facts
- Available states
- AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NY, OH, PA, TN, VT, VA, WV, WY (24 jurisdictions)
- Welcome bonus
- Bet $5, Get $200 in FanCash (varies by state)
- Best for
- Sports fans who buy team merchandise, FanCash redemption value
- Sharp/recreational
- limits-winners
- Owner
- Fanatics Holdings
- Founded
- 2023
- Casino in
- MI, NJ, PA, WV
What we like
- FanCash rewards redeemable for merchandise OR bets
- Inherited PointsBet US licenses across 25 jurisdictions
- Strong sports-merchandise crossover (only book with this)
- Integrated casino in MI, NJ, PA, WV
- Backed by Fanatics Holdings - well-capitalized parent
Trade-offs
- Newest major book - app still maturing vs DraftKings/FanDuel
- Recreational tier - limits winning bettors
- Standard high-vig pricing on majors
- Live betting feature set trails DK/FD
How to use Fanatics Sportsbook with No Guess Bets
Our live odds comparison tracks Fanatics Sportsbook's prices alongside 15 other sportsbooks every 30 seconds. When Fanatics Sportsbook posts the best line on a market, we surface it in AI picks and the arbitrage finder. Use this review to decide whether Fanatics Sportsbook fits your line-shopping rotation.
Frequently Asked Questions
Is Fanatics Sportsbook legal in my state?
Fanatics is live in 25 jurisdictions: AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NY, OH, PA, TN, VT, VA, WV, and WY. Most state launches inherited from the PointsBet US licenses Fanatics acquired in 2023.
What is FanCash?
FanCash is Fanatics' rewards currency. Every bet earns FanCash points that can be redeemed two ways: as bonus bets on the sportsbook, or as merchandise credit on Fanatics.com. The merchandise redemption is the unique angle no other sportsbook offers.
Did Fanatics acquire PointsBet?
Yes. Fanatics Holdings acquired the PointsBet US business in 2023 for around $225 million, including state licenses, technology, and customer accounts. PointsBet US was shut down and migrated to the new Fanatics Sportsbook platform.
How does Fanatics compare to DraftKings?
Fanatics has the unique FanCash merchandise crossover but trails DraftKings in app polish, prop menu depth, and same-game parlay sophistication. DraftKings is the better stand-alone sportsbook; Fanatics adds value if you buy team merchandise regularly.