Fanatics Sportsbook Review
Approved in four states
Strong leadership team
Existing sports business
May 1, 2023
Covers BetSmart Rating:
Banking & Payout Speed
Key Features
Security and trust
Customer service
User Experience
Payout Speed:
TBD
Deposits & withdrawals
Why Fanatics Sportsbook?
Approved in four states
Strong leadership team
Existing sports business
Payout Speed:
TBD
Covers BetSmart Rating:
Covers BetSmart Rating:
Deposits & withdrawals
Hits and misses
Keep an eye on this section for when the Fanatics Sportsbook welcome bonus is released. We'll be sure to add details of any Fanatics Sportsbook promo codes or pre-live offers.
FanCash
The loyalty program for Fanatics Sportsbook is called "FanCash," in which the company leverages its apparel and merch core business by offering players reward points on every bet — win or lose. FanCash can be used for bonus bets and/or merchandise. The structure is as follows:
- 1% FanCash for every $1 on every straight bet
- 3% FanCash for every $1 on every parlay
- 5% FanCash for every $1 on every same-game parlay
Deposit options
Payment methods at Fanatics Sportsbook vary by state, and no credit cards are currently accepted. Instant bank transfer and Apple Pay are the easiest deposit options at the moment.
| Deposit Method | Fee | Process Time | |
|---|---|---|---|
|
|
Free | instant | $5 |
|
|
Free | instant | $5 |
|
|
Free | Within 2 hours | $5,000 |
Withdrawal options
Fanatics Sportsbook has a unique withdrawal tracker to monitor the progress of your request. Similar to a Dominos Pizza tracker, users can stay updated on where they are in the withdrawal process. Bank transfer, wire transfer, and check are the most common withdrawal methods.
| Withdrawal Method | Fee | Process Time | |
|---|---|---|---|
|
|
Free | 2-3 Banking Days | $1 |
|
|
Free | 7-10 Banking Days | $10 |
|
|
Free | Within 24 hours | $10,000 |
On Jan. 5, 2023, company officials announced that Fanatics Sportsbook will be powered by software and source code from sports betting tech provider Amelco. Experienced sports bettors may recognize the name, as Amelco serves several other active sportsbooks in the U.S., including FOX Bet, PlayUp, WynnBET, and more.
Users can expect a safe and secure betting experience that includes the following key features:
- Live betting
- Early cash out
- Casino
- Live streaming
- FanCash
While nothing is official, it's safe to assume that Fanatics Sportsbook will have a mobile app available for download. The Fanatics app has a great user experience, as it currently holds a 4.8 rating in the App Store and a 4.7 rating in the Google Play store. This sentiment will translate to a high-quality mobile experience for their online sportsbook.
The app isn't available for download in Tennessee, but a beta test just launched. The first in-app image of FanCash can be seen below:
At the time of writing, Fanatics Sportsbook has an online sports betting license in four states: Maryland, Massachusetts, Ohio, and Tennessee. These licenses are with the Maryland Lottery and Gaming, Massachusetts Gaming Commission, Ohio Casino Control Commission, and Tennessee Sports Wagering Advisory Council.
Maryland Lottery and Gaming
Ohio Casino Control Commission
Massachusetts Gaming Commission
Tennessee Sports Wagering Advisory Council
The customer service options at Fanatics Sportsbook are unspecified, but there is 24/7 live chat managed by a virtual assistant, as well as Twitter support. The company is committed to providing top-tier service to its customer base.
- Live Chat: Yes
- Email: TBD
- Phone: 855-438-9701
- Support languages: English
- Twitter: @FanaticsSupport
Sports fans know Fanatics Inc. as a trusted sports apparel company. It's no surprise that Michael Rubin and his team are launching an online sportsbook to capitalize on a booming industry and its strategic advantages. In fact, Rubin believes Fanatics Sportsbook will be able to give away merchandise and provide "the greatest cross-loyalty program in sports."
The number of sports currently offered is limited, but we expect this to grow rapidly. Stay tuned to our Fanatics Sportsbook review page as more details and features of the potentially disruptive sportsbook are revealed.
Fanatics Sportsbook timeline
June 1, 2023: Fanatics becomes the tenth operator in the Old Line State with the launch of its Maryland sports betting app.
May 25, 2023: Existing Fanatics Sportsbook customers in Massachusetts gain access to the beta test of the platform.
May 23, 2023: New York is reviewing the proposed Fanatics-PointsBet deal, including the NY licenses Fanatics had previously lost out on to PointsBet and others.
May 14, 2023: Fanatics agrees to purchase PointsBet's U.S. business for a reported $150 million.
April 27, 2023: Fanatics will launch its mobile sports betting app in Ohio and Tennessee on Monday, May 1, 2023.
April 19, 2023: Ohio users are invited to a beta test of Fanatics Sportsbook.
March 3, 2023: Fanatics Sportsbook Tennessee launches a beta test, showcasing FanCash and other features. The app is still not available for download.
Jan. 30, 2023: Fanatics Sportsbook confirms they are a founding member of the lobbying group, the Texas Sports Betting Alliance.
Jan. 20, 2023: Fanatics is reportedly in talks to acquire sportsbook operator betPARX — who operate in New Jersey, Pennsylvania, and Michigan — to increase its foothold in the U.S. market.
Jan. 20, 2023: Fanatics launch a retail location in Maryland — officially as "Fanatics Sportsbook" — at FedExField on January 20, 2023.
Jan. 12, 2023: Fanatics Sportsbook receives approval in Massachusetts for their category 3 tethered online sports betting license, which will tie the operator to Plainridge Park Casino. Massachusetts regulators had previously voiced some concerns over Fanatics' intention to cross-market in terms of responsible gaming. They also announce five other license applications are pending.
Dec. 6, 2022: Fanatics' valuation hits $31 billion after a capital raise of $700 million.
Nov. 16, 2022: Fanatics Sportsbook receives a license to operate in Maryland, but they will not be ready for the state's official launch date of November 23, 2022. There are also rumblings that the company might go public after reports stated that Fanatics hosted roughly 90 Wall Street analysts.
Oct. 2022: Michael Rubin announces Fanatics Sportsbook is targeting early 2023 for a launch, including Ohio and multiple other states. Fanatics acquires clothing brand Mitchell and Ness for $250 million.
June 2022: Fanatics was talking about acquiring the online sportsbook, Tipico. The company also inked a long-term licensing deal with Nike to produce college sports apparel.
May 2022: Fanatics files a trademark application for the name "BetFanatics."
Jan. 2022: Fanatics pays $500 million to acquire trading-card behemoth Topps.
Nov. 2021: The list of approved New York sportsbooks is shown and omits Fanatics Sportsbook.
Aug. 2021: A group led by Fanatics Inc., Barstool Sportbook-owner PENN Entertainment Inc., and technology provider, Kambi apply for a New York sports betting license.
June 2021: Former FanDuel CEO Matt King and Los Angeles Dodgers President of Business Enterprise Tucker Kain, join the Fanatics team.
Feb. 2011: Michael Rubin's GSI Commerce purchases Fanatics for $171 million in cash, and $106 million is GSI common stock.
1995: Alan Trager founds Fanatics in Jacksonville, Florida. A storefront in the Orange Park Mall goes live, run by Alan and his brother, Mitch Trager, focusing primarily on Jacksonville Jaguars and collegiate sportswear.
Quick facts
| Maryland launch date | June 1, 2023 |
| Massachusetts launch date | May 25, 2023 |
| Ohio launch date | May 1, 2023 |
| Tennessee launch date | May 1, 2023 |
| Top feature | Existing sports business |
| Covers BetSmart Rating | 3.8/5 |
| Mobile app | iOS and Android |
| Casino | No |
| Odds provider | Amelco |
| States with legal access to Fanatics Sportsbook | 4 |
| Payout speed | TBD |
| In-play betting | Yes |
| Early cash out | Yes |
| Same-game parlays | Yes |
| Live streaming | Yes |
Fanatics Sportsbook review FAQ
The name of the Fanatics-owned sports betting company has been confirmed as Fanatics Sportsbook.
Fanatics Sportsbook launched in it's first state on January 20, 2023 — a retail-only location at FedExField in Summerfield, Maryland. The operator launched its online sports betting app in Ohio and Tennessee on May 1, 2023.
Matt King was appointed CEO of the Fanatics Betting and Gaming Division. King previously served as the CEO of FanDuel.
Fanatics Sportsbook has been approved to operate in Maryland, Massachusetts, Ohio, and Tennessee.
Yes, Michael Rubin is the CEO of Fanatics which has launched a sports betting division called "Fanatics Sportsbook".
No, Fanatics Sportsbook does not have a license to operate in New York.
The software provider for Fanatics Sportsbook is Amelco.
Fanatics Sportsbook Maryland launched on January 20, 2023 — a retail location at FedExField. Mobile betting is went live on June 1, 2023.
Fanatics Sportsbook Ohio went live on May 1, 2023.
Fanatics Sportsbook was not ready to launch in Massachusetts on the state's go live date in March 2023, but began beta testing on May 25, 2023. They have received approval for a tethered online sports betting license, tying them to Plainridge Park Casino.
Amelco provides odds for Fanatics Sportsbook.
Yes, Fanatics Sportsbook is acquiring Pointsbet's U.S. business for a reported $150 million.
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Christian is a lifelong sports fan with a love of basketball, football, skiing, and sailing. Prior to joining Covers as a sports betting editor in 2022, Christian spent five years on the operator side with casinos and sportsbooks, giving him a unique perspective to help make smarter sports bettors. His preferred sportsbook is bet365 for its market coverage, and consistent odds boosts.
