PrizePicks has announced a significant expansion, having been awarded daily fantasy sports operator licenses in Delaware and Missouri. This development allows the company to launch its innovative peer-to-peer fantasy sports contest, Arena, in both states.
Expanding the Arena Experience
In a statement, PrizePicks CEO Mike Ybarra expressed pride in the company’s achievements, noting that Arena has received approval in every state where it has been submitted.
- Key Features of Arena:
- Peer-to-Peer Gaming: Arena offers a leaderboard-style experience where players can compete against each other for prizes.
- Customizable Participation: Players are grouped based on entry numbers, selected fees, and experience levels, enhancing the competitive experience.
Since its launch in January, Arena has seen impressive engagement, with players creating over 20 million peer-to-peer lineups. The addition of Delaware and Missouri brings the total number of states where Arena is available to 15.
Acknowledging Regulatory Support
Ybarra extended gratitude to the Delaware Division of Gaming Enforcement, the Delaware Lottery, and the Missouri Gaming Commission for their collaboration in bringing Arena to these new markets. This support has been crucial in facilitating PrizePicks’ growth and ensuring compliance with state regulations.
- Future Prospects:
- The company aims to replicate its success in these new markets, providing a fun and engaging gaming experience for players.
- With strong player adoption already observed, PrizePicks is optimistic about its continued expansion in the daily fantasy sports landscape.
As the popularity of daily fantasy sports continues to rise, PrizePicks is well-positioned to capitalize on this trend, offering innovative products that resonate with players across the country.
