Allwyn has kicked off the financing for its planned acquisition of PrizePicks with the launch of a USD 1.64 billion (ca. EUR 1.41 billion) term loan. The move comes alongside a trading update that shows the lottery group holding steady despite softer September sports margins. The Allwyn PrizePicks acquisition is expected to close in early 2026 once regulatory approvals are in place.

• The USD 1.64 billion Term Loan B is being issued by Allwyn Entertainment Financing (US) LLC, with proceeds directed toward funding the acquisition of a 62.3% stake in PrizePicks, North America’s biggest daily fantasy sports operator.

• The deal values PrizePicks at an initial USD 1.6 billion (ca. EUR 1.4 billion), based on a debt-free, cash-free position, and remains subject to standard post-closing adjustments. Completion is targeted for the first quarter of 2026.

• Allwyn said its 2025 performance continues to develop well, though September saw customer-friendly sports results that impacted betting margins industry-wide. The company noted its broad lottery exposure helps absorb such volatility.

• Allwyn reported EUR 628 million in dividends and intragroup loan payments to its economic interest for the first nine months of 2025, up from EUR 552 million a year earlier. Major contributions came from Kaizen (Betano), OPAP, and Lottomatica, underlining solid cash flow across its European portfolio.

• A new investor presentation on PrizePicks has also been published, offering more detail on its financial profile and how the acquisition fits Allwyn’s strategy to diversify beyond lotteries into sports and fantasy gaming.

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