The question of whether Fanatics, the rapidly expanding sports apparel and merchandise giant, participates in horse racing betting is becoming increasingly relevant. Historically known for its retail presence and licensed sports gear, Fanatics has been aggressively moving into the sports betting market. Here’s a comprehensive breakdown of their current involvement, future plans, and what it means for horse racing enthusiasts.
Fanatics’ Entry into Sports Betting
Fanatics began its foray into sports betting by acquiring MaxBet in 2022. This acquisition provided them with a platform and licenses to operate in several states. They rebranded MaxBet as Fanatics Sportsbook and have been steadily expanding their footprint. Initially, their focus was primarily on traditional sports like football, basketball, and baseball. However, the company has signaled intentions to broaden its offerings.
Horse Racing: Currently Limited, But Expanding
As of late 2023/early 2024, Fanatics Sportsbook does offer horse racing betting, but its availability is currently limited. It’s not available in all states where Fanatics Sportsbook operates. The initial launch focused on select tracks and major events like the Kentucky Derby.
Where is Horse Racing Betting Available on Fanatics?
- Maryland: Fanatics Sportsbook launched horse racing betting in Maryland in December 2023, partnering with the Maryland Jockey Club. This is currently one of their strongest horse racing markets.
- Ohio: Horse racing wagering is available through Fanatics Sportsbook in Ohio.
- Other States: Expansion is ongoing. Fanatics has indicated plans to add horse racing betting to more states as licensing and regulatory approvals are secured. Keep an eye on announcements for your specific state.
What Types of Horse Racing Bets are Offered?
Fanatics Sportsbook generally provides a range of common horse racing bet types, including:
- Win: Betting on a horse to finish first.
- Place: Betting on a horse to finish first or second.
- Show: Betting on a horse to finish first, second, or third.
- Exacta: Picking the horses that will finish first and second in the correct order.
- Trifecta: Picking the horses that will finish first, second, and third in the correct order.
- Superfecta: Picking the horses that will finish first, second, third, and fourth in the correct order.
They also often offer more exotic wagers and may include features like pick-style bets.
Fanatics’ Future Plans for Horse Racing
Fanatics has made significant investments in its betting platform and is clearly aiming to become a major player in the overall sports betting landscape. Their acquisition of Xpressbet, a leading online horse racing wagering platform, in February 2024 is a strong indicator of their commitment to the sport. This acquisition will allow Fanatics to integrate Xpressbet’s technology and customer base, significantly expanding their horse racing offerings. Expect to see:
- Wider State Availability: Horse racing betting will likely become available in more states where Fanatics Sportsbook is licensed.
- Enhanced Features: Integration with Xpressbet will bring advanced features like handicapping tools, live streaming, and more detailed race information.
- Promotional Offers: Fanatics is known for its loyalty program and promotional offers. Expect to see targeted promotions for horse racing bettors.
While not universally available yet, Fanatics does offer horse racing betting and is actively expanding its presence in the market. The acquisition of Xpressbet solidifies their commitment to the sport. Horse racing fans should monitor Fanatics Sportsbook for updates on state availability and new features. It’s poised to become a significant competitor in the online horse racing wagering space.
