The Massachusetts Gaming Commission Approved Fanatics' Category 3 License

The Massachusetts Gaming Commission Approved Fanatics’ Category 3 License

The Massachusetts Gaming Commission voted in favor of Fanatics. As a result, the company will have a Category 3 license or a temporary sports betting license.

As of last week, Fanatics Holding has ambitious intentions to roll out its sports betting platform throughout multiple states in the United States in the first quarter of 2023. In a meeting with the Massachusetts Gaming Commission, the parent firm of Fanatics Betting and Gaming (FBG), Fanatics Commerce, and Fanatics Collectibles laid forth its plans (MGC).

The MGC has now declared that Fanatics Betting and Gaming is “preliminarily acceptable for a Category 3 sports wagering operator license,” a designation reached by a unanimous commission vote. MGC’s evaluation of the company’s application for a sports betting license as an operator concluded with a significant decision.

Massachusetts Gaming Commission Approved Temporary License

The Massachusetts Gaming Commission Approved Fanatics' Category 3 LicenseBefore starting its sports betting services in Massachusetts, the state’s commissioner has requested that Fanatics first develop an internal strategy for responsible gambling and then deliver the plan to the commission.

While the full suitability investigation is being conducted by the MGC’s Investigations and Enforcement Bureau, Fanatics is eligible to apply for a temporary license to offer sports gambling to bettors.

According to pay per head reviews and news sites, Plainridge Park Casino already has a category-one license for sports betting. Thus, the category three license would be related to it.

If Fanatics were to be granted a temporary license, the business would need to meet further regulations before it could be issued an operating certificate. In addition, according to sportsbook pay per head reports, the sportsbook won’t be able to accept bets on any athletic events that haven’t satisfied all of these requirements beforehand.

According to sources, operators in the state that hold a Category 1 license will be able to begin offering sports wagering to the general public. However, the official rollout of mobile and internet sports betting is anticipated for March.

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