DraftKings has emerged as a late bidder for PointsBet’s business in the United States, lobbing a last-minute offer of $US195 million ($283 million).

PointsBet said its board would now determine whether the DraftKings proposal could be reasonably expected to lead to a superior proposal for the US arm of the business.

The board would consider all things which go to shareholder value, including the amount and timing of capital returned to shareholders, and whether the sale could be completed quickly.

“It should be noted that the DraftKings proposal does not constitute a binding offer or commitment on the part of DraftKings to negotiate or executive a definitive agreement, and to this end, there is no guarantee that the DraftKings proposal will result in a binding definitive agreement,” PointsBet’s board disclosure committee said.