This article explains what happened to the tipico sportsbook in the United States and what affected users should do now. It focuses on the June 24, 2024 announcement that prompted a planned wind-down of U.S. sportsbook operations and provides clear, practical next steps for account holders. You will find a concise timeline of the public statements, guidance on immediate actions if you hold an account affected by the change, and pointers to official documents and regulator resources to verify progress and escalate issues if necessary.

MGM’s LeoVegas Group agreed to acquire Tipico’s U.S. sportsbook assets on June 24, 2024, prompting a U.S. wind-down.

Affected users were advised to log in, withdraw available funds, and retain all communications from the operator.

If operator support cannot resolve a problem, state gaming regulators provide complaint channels for licensed operators.

What happened to the tipico sportsbook? Quick overview

On June 24, 2024, MGM Resorts said its LeoVegas Group agreed to acquire Tipico’s U.S. sportsbook platform and U.S.-regulated operations, a move that prompted Tipico to plan a wind down of its U.S. sportsbook business and notify customers about account closures and withdrawals. MGM press release

In short, the company announced a sale of its U.S. assets to a buyer within the MGM/LeoVegas group and communicated that U.S. sportsbook operations would cease as part of the transfer process, subject to the usual closing steps and regulator approvals.

Here is a concise timeline to orient readers.

June 24, 2024: Acquisition agreement announced by MGM and LeoVegas, specifying the U.S. sportsbook platform and U.S.-regulated operations as the assets to be acquired.
After the announcement: Tipico notified U.S. customers of planned account wind-down steps and suggested withdrawal actions for affected accounts.
Closing window: the parties indicated an expected close in the second half of 2024, subject to regulatory approvals and customary conditions.

Where to find original press releases and regulator resources

MGM press release
Reuters report
LeoVegas announcement
Legal Sports Report
Sports Handle
AGA resource

Use these documents for verification

The overview above gives the basic cause and consequence: the tipico sportsbook change in the U.S. was driven by a corporate sale rather than a regulatory ban or isolated outage.

Timeline and official statements about the sale

The public timeline begins with the June 24, 2024 announcement, when MGM Resorts said LeoVegas Group would acquire Tipico’s U.S. sportsbook platform and U.S.-regulated operations; the announcement came through investor and company statements that summarize the deal terms and intentions. Reuters report

The companies and their investor relations channels framed the transaction as subject to customary closing conditions and regulatory approvals, and they gave an expected closing window in the second half of 2024. For readers who want the original wording, the MGM investor release and the LeoVegas announcement are primary sources to check.

Official statements emphasized that the transfer affected the U.S.-regulated operations specifically, which meant that U.S. accounts and the platform components licensed in U.S. jurisdictions were part of the deal and would be handled through the closing and integration process.

Because the deal was positioned as an acquisition of regulated U.S. assets rather than a full company purchase, the timing and exact steps could change based on state-level regulator reviews and routine closing conditions.

Immediate impact for users: account closures and withdrawals

Trade reports after the announcement indicated Tipico communicated with U.S. customers about withdrawing funds and preparing for account closures as the U.S. sportsbook wound down. Sports Handle coverage

What customers were told, generally, was to log into accounts, follow any provided withdrawal instructions, and save communications that document balances and messages from the operator. These notices often include deadlines for processing withdrawals and steps for resolving account issues.

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If you have a Tipico account, log in now and follow the platform’s withdrawal instructions to secure any available balance. Keep copies of all messages and confirmation receipts.

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Timelines for closing and for when accounts become restricted can vary by state and by how regulators and the buyer implement the wind-down, so users should treat any posted deadlines as binding and act promptly to avoid missed opportunities to withdraw funds.

If customers encounter delays or unexpected restrictions while withdrawing, they should preserve all account records and communications and follow the escalation steps outlined later in this article.

Why MGM and LeoVegas wanted Tipico’s U.S. assets

The official rationale given in the public notices described the deal as a way to bring sportsbook technology in-house for the MGM/LeoVegas ecosystem and to align product development with long-term roadmap objectives for the broader group. LeoVegas announcement Additional coverage is available from iGaming Business.

Mobile close up of login screen and account balance with user tapping withdraw button in tipico sportsbook style with Funded Plays dark minimalist branding

Bringing a technology platform in-house can let an operator integrate features more closely with its existing technology stack, exercise more direct control over product development, and potentially speed new features or markets that align with corporate strategy. Public statements framed the move in those terms, noting product control and strategic fit.

Those strategic points explain why a buyer within the MGM group would pursue an acquisition focused on U.S. regulated assets: regulated platforms and licenses are often the most complex components to transfer, and acquiring the platform can reduce reliance on third-party vendors for critical sportsbook functionality.

Practical next steps for former Tipico customers

First, log into your account and verify current balance and account status. If withdrawal options are available, follow the platform’s instructions immediately and save any confirmation numbers or receipts. For related resources, see Funded Plays.

Keep copies of emails, in-app notifications, transaction histories, and any chat transcripts with support. Documentation will be essential if you need to escalate a problem to a regulator or dispute a transaction later. Legal Sports Report coverage

Funded Plays Challenges

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If you miss a posted withdrawal deadline or see an unresolved hold on funds, start by contacting the operator’s support team and ask for written confirmation of the account status and any next steps. Note times, representative names, and case or ticket numbers for every contact.

If the operator cannot resolve the issue, use your state gaming regulator’s complaint channels; state regulators maintain advice pages and complaint forms for consumers and can assist with escalations when a licensed operator is involved. National industry overviews also summarize the regulatory landscape and standard consumer protections.

How to choose regulated alternatives and verify licenses

When looking for a replacement platform or an alternative to a closed sportsbook, choose operators that are licensed in your state and listed on the state regulator’s official site. State regulator lists confirm current licensure and often include consumer guidance on protections and dispute steps. AGA resource For more on alternatives, see the Funded Plays blog.

Licensed operators typically offer consumer protections such as verified identity and age checks, dispute processes, segregation of certain funds, and obligations to comply with state filing and reporting requirements. Unregulated sites can lack these protections and pose higher risk to consumers.

To verify a license, check the state regulator site, review the operator’s licensing disclosures and terms, and confirm contact details. If a site lacks transparent licensing information, treat it as higher risk and avoid transferring funds or sensitive information there.

Common questions and pitfalls for impacted users

Typical problems during a wind-down include missing withdrawal deadlines, not saving communications that prove balances, and assuming that unregulated alternatives offer the same protections as licensed operators. These mistakes can complicate recovery or escalation.

Minimalist 2D vector desk scene with organized printed transaction statements envelopes and a folder with color coded tabs on a dark Funded Plays background tipico sportsbook

What happened to Tipico’s U.S. sportsbook and what should account holders do now?

Tipico’s U.S. sportsbook assets were agreed to be acquired by MGM’s LeoVegas Group on June 24, 2024, leading to a planned wind-down of U.S. sportsbook operations; affected users should log in, withdraw funds if available, save all communications, and contact operator support or state regulators if problems arise.

To avoid mistakes, document every step you take: record dates of account logins, copy emails and messages, and download transaction histories before any account restrictions take effect. Prompt action and good records are the most reliable way to preserve your options.

Remember that state-by-state differences matter: a process that applies in one jurisdiction may vary in timing or required forms in another. If you have doubts about your rights, contact your state regulator for specific guidance.

Summary and resources

Key takeaway: the tipico sportsbook change in the U.S. resulted from a June 24, 2024 agreement in which MGM’s LeoVegas Group moved to acquire Tipico’s U.S. sportsbook platform and U.S.-regulated operations, and the sale prompted a wind-down of Tipico’s U.S. sportsbook activities. Reuters report

For users, immediate actions are straightforward: log in, withdraw any available funds, save communications, and follow up with support if there are issues. If support cannot resolve a problem, state gaming regulators provide complaint channels and oversight that can assist with licensed operators.

Primary documents to consult are the MGM investor release and the LeoVegas announcement for official wording on the transaction, and state regulator pages or national industry overviews for context on regulated markets and consumer protections. You can also consult the Tipico press release directly: Tipico press release, or the MGM investor page linked above. For other coverage, see iGaming Business.

For more on this site, visit Funded Plays.

Can I still withdraw money from my Tipico account?

If your account still allows withdrawals, log in and follow the operator’s instructions immediately. If withdrawals are blocked, save all communications and contact support, then your state regulator if unresolved.

Why did Tipico stop offering a U.S. sportsbook?

Tipico’s U.S. sportsbook operations were slated to transfer after an agreement for LeoVegas Group to acquire Tipico’s U.S. sportsbook platform and regulated operations, prompting a planned wind-down in the U.S.

Where can I file a complaint if my withdrawal is not processed?

Start with the operator’s support and escalation process. If that does not resolve the issue, use your state gaming regulator’s consumer complaint channel and keep documentation of all interactions.

If you were impacted, the most important immediate steps are simple: verify your account status, withdraw any available funds, and keep clear records of all contacts and confirmations. Where problems remain unresolved, state regulators are the appropriate escalation path for licensed operators. This article used public company releases and industry coverage to summarize the situation; always confirm details with the operator’s notices and your state regulator for the most current guidance.