AuctionAdvisors has been retained to conduct a court-approved bankruptcy auction for the assets of Prime Sportsbook, a fully operational, multi-state licensed online sports betting operator known for its reduced-juice pricing, sharp-friendly platform, and strong customer retention.
NEW YORK, Dec. 19, 2025 /PRNewswire-PRWeb/ -- has been retained to conduct a court-approved bankruptcy auction for the assets of , a fully operational, multi-state licensed online sports betting operator known for its reduced-juice pricing, sharp-friendly platform, and strong customer retention. The auction will be held on January 13, 2026 at 10:00 AM EST, with qualifying bids due by January 6, 2026 at 4:00 PM EST. The sale is being conducted in connection with the Chapter 11 case In re: Out The Gate, Inc., Case No. 1:25-bk-12023, pending in the U.S. Bankruptcy Court for the District of Delaware.
represents a rare opportunity to acquire a turnkey digital gaming operation with licenses in New Jersey, Ohio, and Kentucky, a robust 17,500+ customer account base, and a technology platform designed to support significant future scale. The company differentiated itself in the competitive sports wagering market by offering customers reduced juice, high deposit limits, market-leading odds, and a sharp-friendly environment—advantages that fueled strong recurring betting volume and retention.
Key Highlights of the Offering:
- Multi-State Licensing: Fully regulated and operational in three U.S. states.
- 17,500+ Registered Customers.
- Reduced-Juice Pricing Advantage.
- Feature-Rich Technology Platform.
- Prime Sports University content and education ecosystem.
- Scalable operations and strong recurring handle across player segments.
"This sale provides bidders with an extraordinary chance to acquire a proven, licensed, and operational sportsbook with a loyal customer base and strong brand positioning," said , Managing Partner at . Since the U.S. Supreme Court struck down PASPA in 2018, the regulated sports betting industry has grown into a multi-billion-dollar market as more states authorize online wagering, creating strong demand for proven technology stacks, licenses, and customer databases. He adds, "strategic operators and investors increasingly look to acquisitions as a faster, more cost-effective way to enter or expand within newly opened markets, making this sale a timely opportunity to secure an established platform with existing regulatory approvals and an active customer base."
A full data room has been prepared to allow interest party to perform due diligence. Visit for access.
Media Contact
Joshua Olshin, AuctionAdvisors, 1 212-375-1222 703, [email protected],
SOURCE AuctionAdvisors
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