Fanatics Inc. is late to the sports-betting game. Its chief executive thinks he has a strong hand.
On Monday, the sports-merchandise company plans to launch its first gambling app in Tennessee and Ohio, years after others entered the fast-growing market.
Competition is stiff. FanDuel Group, DraftKings Inc. and BetMGM hold an estimated 85% of the sports-betting market in the U.S.WSJ