PRAGUE (Reuters) -International lottery operator Allwyn International will acquire a 62% stake in American fantasy sports operator PrizePicks for an initial cash consideration of $1.6 billion, helping Allwyn to expand its footprint in the lucrative U.S. gaming market.

Under the deal, which is expected to close in the first half of 2026, PrizePicks’ implied enterprise value could grow to $4.15 billion from $2.50 billion if it reaches certain performance metrics over the next three years.

Allwyn is the flagship of Czech billionaire Karel Komarek’s KKCG investment group and has expanded quickly in recent years.

Last year, it took over the running of Britain’s National Lottery. It also operates lotteries in Italy, Austria, Greece and the Czech Republic as well as interests in the United Sta

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