PointsBet Review

PointsBet is a smaller sportsbook that can legally serve fourteen states, putting it in a similar realm as sports betting apps like BetRivers. But despite its limited availability across the United States, PointsBet excels in its sports market variety, which makes it an excellent choice for avid sports bettors and punters. With 29 primary sports markets in its arsenal, PointsBet outdoes bigger competitors like DraftKings, FanDuel, BetMGM, and Caesars Sportsbook. This is the perfect solution for those interested in betting on the primary sports leagues and international and niche markets.

This PointsBet review will show which sports you can bet on, which banking options you can use to experience quick, easy payouts, and how you can enjoy betting on the go from the comfort of your mobile device. And we’ll outline how you can earn bonus cash on your first sports bets so you can start on the right foot!

PointsBet Highlights

Let’s dive into this PointsBet review, and we’ll let you decide if the juice is worth the squeeze on this one. The fast facts below are a good outline of what you can expect from this particular sports betting app. A lot of its features are standard with other sportsbooks, but there are some unique features found here, too.

PointsBet is no longer available as a standalone sportsbook in the United States. Fanatics Betting and Gaming completed its acquisition of PointsBet’s US operations in November 2023 for approximately $225 million, and all existing PointsBet accounts have since been migrated to Fanatics Sportsbook. If you’re searching for a PointsBet review in 2026, here’s what you need to know about the transition, what made the platform noteworthy, and where to place your bets now.

What Happened to PointsBet?

Fanatics Betting and Gaming acquired PointsBet’s entire US operation in a deal that closed in November 2023, valued at roughly $225 million (A$320 million). The acquisition gave Fanatics immediate access to PointsBet’s technology platform, state-by-state market access licenses, and its existing US customer base. By early 2024, all PointsBet-branded operations in the United States had been fully absorbed into Fanatics Sportsbook.

The sale wasn’t surprising to industry watchers. PointsBet had struggled to compete for market share against deep-pocketed rivals like DraftKings and FanDuel, and its customer acquisition costs were eating into profitability. The Fanatics deal allowed PointsBet Holdings to refocus entirely on its profitable Australian operations while giving Fanatics a turnkey entry into legal US sports betting.

Timeline of the Transition

• May 2023: Fanatics announces agreement to acquire PointsBet US for $225 million
• August 2023: Regulatory approvals secured across PointsBet’s licensed states
• November 2023: Deal closes; migration process begins
• Q1 2024: All US accounts fully migrated to Fanatics Sportsbook
• 2026: PointsBet brand remains active only in Australia

PointsBet Welcome Bonus & Promotions

PointsBet’s US welcome bonus and promotional offers are no longer available. Before the acquisition, PointsBet offered new customers up to $100 in Bonus Bets upon registration, along with periodic promotions like odds boosts, parlay insurance, and referral bonuses. T&Cs applied to all offers.

Fanatics Sportsbook now runs its own promotional lineup, which typically includes a welcome offer for new users. If you were drawn to PointsBet for its bonus structure, check what Fanatics currently has available. T&Cs apply to all Fanatics promotions as well.

The broader promotional landscape across legal US sportsbooks remains competitive. Both DraftKings and FanDuel regularly offer sign-up bonuses, profit boosts, and loyalty programs that rival or exceed what PointsBet once provided.

What Made PointsBet Unique?

PointsBet’s signature feature was PointsBetting, a spread-based wagering format where payouts scaled with how right (or wrong) your prediction turned out. Instead of a fixed payout, your winnings or losses multiplied based on every point of margin beyond the spread. It was a high-risk, high-reward format that no other major US sportsbook replicated.

Key Features That Set PointsBet Apart

• PointsBetting: Variable-payout wagers tied to point margins, offering amplified wins (and losses)
• 29 sports markets: Broader coverage than many competitors, including niche international leagues like cricket, darts, and table tennis
• Partial cash-out: Option to cash out a portion of a live bet while leaving the rest in play
• Same-game parlays: Combine multiple selections from a single event into one wager
• NBA partnership: Official authorized gaming operator of the NBA, providing enhanced player prop data
• Quick registration: Streamlined signup that typically took under five minutes

The PointsBetting feature was the platform’s biggest differentiator, and it attracted a specific type of bettor who wanted more action on every game. That feature did not carry over to Fanatics Sportsbook, so if PointsBetting was your primary reason for using the platform, there is currently no direct replacement in the US market.

Where Can You Still Use PointsBet?

PointsBet continues to operate in Australia, where the company is headquartered in Melbourne. The Australian operation was not part of the Fanatics acquisition, and PointsBet Holdings (ASX: PBH) remains a publicly traded company focused on the Australian and Canadian markets.

In the United States, PointsBet is fully discontinued. The brand’s former US states — including New Jersey, Colorado, Illinois, Iowa, Indiana, Kansas, Louisiana, Maryland, Michigan, New York, Ohio, Pennsylvania, Virginia, and West Virginia — are now served by Fanatics Sportsbook under that brand’s own licensing agreements.

Mobile App & User Experience

PointsBet’s mobile app earned generally positive reviews during its time in the US market. The app was available on both iOS and Android, and users praised its clean interface, fast load times, and intuitive bet slip design. PointsBet consistently ranked in the top tier for user experience among mid-market sportsbooks.

What the App Did Well

• Clean navigation: Sports categories and live betting menus were easy to find without excessive scrolling
• Fast bet placement: One-tap betting from the main screen for featured events
• Live streaming: Select events were available for in-app streaming, though coverage was more limited than DraftKings or FanDuel
• Notifications: Customizable alerts for odds changes, game starts, and promotional offers

The app’s primary shortcoming was its casino section, which felt underdeveloped compared to the sportsbook side. Table game variety was limited, and the live dealer experience lacked the polish of dedicated casino apps. The PointsBet app has since been removed from US app stores, and the Fanatics Sportsbook app has replaced it entirely.

Banking & Payout Speed

PointsBet offered solid banking options and above-average payout speeds during its US run. Most withdrawals processed within 48 hours, which placed it ahead of several competitors that routinely took 3-5 business days.

Deposit and Withdrawal Methods

• Online banking (ACH): Most common method; deposits were instant, withdrawals took 2-3 business days
• Credit/debit cards: Visa and Mastercard accepted for deposits; withdrawals to cards were not always available
• PayPal: Supported in most states; withdrawals typically processed within 24-48 hours
• Cash at counter: Available at partner retail locations in select states
• Wire transfer: Available for larger withdrawals, though processing times were longer (3-5 business days)

If you had pending withdrawals when the migration occurred, Fanatics honored those requests through its own banking infrastructure. Current banking options at Fanatics Sportsbook differ slightly from the old PointsBet setup, so former users should verify their preferred method is still available.

PointsBet vs. Current Alternatives

Since PointsBet is no longer an option for US bettors, here’s how its successor and two leading competitors stack up in 2026.

DraftKings and FanDuel remain the two largest US sportsbooks by market share, and both offer significantly more sports markets, betting options, and promotional variety than Fanatics does at this stage. Fanatics is still building out its platform and expanding state-by-state, but it benefits from the massive Fanatics ecosystem and its FanCash loyalty rewards program.

Pros and Cons

Looking at PointsBet through the lens of its full US lifespan, the platform had genuine strengths but ultimately couldn’t overcome the financial reality of competing against industry giants.

Should You Sign Up With Fanatics Instead?

If you were a PointsBet user who valued the platform’s clean interface and solid sports coverage, Fanatics Sportsbook is the natural next step since your account was already migrated there. Fanatics offers a growing sports betting product backed by the massive Fanatics brand, and its FanCash loyalty program lets you earn rewards redeemable across the entire Fanatics merchandise ecosystem.

That said, Fanatics is still a relatively young sportsbook compared to established leaders. Its odds aren’t consistently as sharp as what you’ll find at DraftKings or FanDuel, and its betting market depth is still catching up. If you’re primarily focused on getting the best lines and the widest range of prop bets, shopping around is worth your time.

For a broader look at what’s available, our sports betting guide breaks down the legal landscape and top platforms across the US. The right sportsbook depends on what you prioritize — whether that’s odds quality, bonus value, market variety, or payout speed.

Frequently Asked Questions