Allwyn completed the acquisition of a 62.3% stake in PrizePicks in a $2.6bn deal.

Allwyn, a lottery-led gaming entertainment companycompleted the acquisition of a 62.3% stake in PrizePicks, a daily fantasy sports platform, in a $2.6bn deal. "We are excited to support and participate in the next phase of PrizePicks' growth. This investment advances Allwyn's strategy to build a diversified global entertainment platform and significantly strengthens our presence in the United States. I look forward to working closely with Mike and the talented PrizePicks team to deliver even more compelling experiences for fans around the world," Robert Chvatal, Allwyn Chief Executive Officer.