Fanatics, an American sports apparel, and memorabilia giant made a major move into the legal sports betting industry on Friday. As part of a partnership with Washington Commanders, the company opened its first retail sportsbooks inside an NFL stadium: FedEx Field in Maryland.
The Fanatics Maryland Sportsbook is sure to be a hit, as it will offer visitors the chance to bet on their favorite teams before and during games right at the venue. It will surely create more excitement and atmosphere to already electric games at this iconic stadium. This historic launch could even spark an influx of similar opportunities as other teams look to get in on the action.
Details On FedExField Fanatics Sportsbook
Conveniently located adjacent to the Washington Commanders Team Store, the new Fanatics Sportsbook is every sports fan’s dream come true. Not only does it provide a space for placing sports wagers, but it also features two giant LED Video Walls, 38 TV monitors, and a full-service restaurant where fans can enjoy the game and savor delicious treats.
The state-of-the-art facility covers an impressive 5,000 square feet and boasts eight betting windows and 21 self-service betting kiosks so that patrons can place their wagers with ease. With its grand opening just around the corner, this is one space you don’t want to miss!
Fanatics Plans To Be A Major Us Sports Betting Brand
Fanatics is making a major move into the US sports betting market with the help of its impressive customer database. Matt King, the former CEO of FanDuel, will be leading their efforts. CEO Michael Rubin has made it clear that the company intends to become the top player in this field over the next decade.
While individual market access details have not been revealed, Fanatic has already lined up licenses in Massachusetts and Ohio. With competition driving prices down, it appears that Fanatics will be entering a prime position to expand its offerings over the coming years.
Maryland Sports Betting Is Rapidly Expanding
The Fanatics Sportsbook is the latest addition to Maryland’s flourishing sports betting industry, with 10 retail locations now open for business. Located at Washington Redskins’ FedExField, it was one of 17 venues designated in Maryland’s sports betting law as worthy of such a license.
Just a few months after online sports betting went live in November 2020 — resulting in $478.3 million worth of wagers during its very first full month of operation — the arrival of the Football-themed Fanatics Sportsbook further bolstered that impressive figure, with a total December handle reaching almost half a billion dollars and operators taking home more than $85 million in revenue.
