RotoGrinders Sold For $35 Million

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Greg Ambrosius
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RotoGrinders Sold For $35 Million

Post by Greg Ambrosius » Tue May 28, 2019 9:46 am

There's no question that legalized sports betting will be entering the fantasy sports space very soon in positive and likely negative ways. Legalized sports betting will infuse millions of dollars into the industry in the forms of advertising and investing in these great communities, while trying to tug some of those DFS and season-long users away from their comfy spaces.

It's all part of the changing landscape that the industry is seeing. And more changes are on the way.

One change we saw today involved Rotogrinders.com, which was part of a sale to a European sports betting company. The sale is valued at $35 million, one of the largest in our industry's history. Here's the details on the acquisition:

https://sbcamericas.com/2019/05/28/bett ... to-follow/
https://tools.eurolandir.com/tools/Pres ... k-betco&v=

Rotogrinders is based in Nashville, Tennessee and has about 50 employees and about $8 million in revenue in 2018. The company was founded in 2009.
Greg Ambrosius
Founder, National Fantasy Baseball Championship
General Manager, Consumer Fantasy Games at SportsHub Technologies
Twitter - @GregAmbrosius

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