CLEVELAND & CHICAGO–(BUSINESS WIRE)–The Cleveland Cavaliers and Fubo Gaming, a subsidiary of fuboTV Inc. (NYSE: FUBO) today announced a market access agreement, Fubo Sportsbook an official mobile sports betting partner of the team upon the launch of sports betting in Ohio, pending required regulatory approvals.
The announcement, which further advances the companies’ current marketing partnership formed in October 2021, comes on the heels of the legalization of sports betting in the state of Buckeye. Pending regulatory approvals, Fubo Sportsbook will launch its market-defining betting platform in Ohio, providing Cavs fans with even more personalized and immersive gaming experiences.
Fubo Gaming launched Fubo Sportsbook in Q4 2021 and is live in two states: Iowa and Arizona. Fubo Sportsbook is purpose-built to meet the growing demand for interactivity from US sports fans through an industry-first integration of an owned-and-operated sports betting platform with a live TV streaming experience.
The partnership will include the opening of a 3,000 square foot Sports Lounge inside Rocket Mortgage FieldHouse, which will serve as a game day destination for fans with incentives and special bonus offers provided by Fubo Sportsbook . Additionally, fans will be able to watch NBA games and other sporting events from the comfort of the living room.
“This is an exciting evolution of our ongoing partnership with Fubo Gaming,” said Len Komoroski, CEO of Cavaliers and Rocket Mortgage FieldHouse. “The Fubo Sportsbook mobile betting platform provides cutting-edge technology, connectivity and entertainment that aligns perfectly with our commitment to innovation and engagement in all aspects of the fan experience. We expect look forward to continued collaboration with Fubo as we work to establish a premier sports betting marketplace to offer our fans in Cleveland and throughout the State of Ohio.
“The opportunity to enter the Ohio sports betting market with the Cavaliers as a partner is a big step forward for Fubo,” said Scott Butera, president of Fubo Gaming. “Ohio has a passionate fan base who will appreciate Fubo’s unique integrated sports betting and streaming experience. The Cavs are at the forefront of sports innovation and consistently create highly engaging fan experiences. This partnership gives Fubo instant access to a very attractive clientele.
Prior to the official launch of Fubo Sportsbook in Ohio, the Cavaliers and Fubo Gaming will continue to promote their partnership through an integrated marketing campaign highlighted by visible signage at co-branded high-impact broadcast, a presence on team television and radio game programming, as well as other marketing assets.
Fubo Gaming expects to announce the launch of Fubo Sportsbook in additional markets in the coming months, subject to required regulatory approvals and, in some jurisdictions, the enactment of laws. This is Fubo Gaming’s seventh market access agreement, in addition to Arizona, Indiana, Iowa, New Jersey, Pennsylvania and Texas.
About Fubo Gaming
Launched in 2021, Fubo Gaming Inc. is a Chicago-based subsidiary of live TV streaming platform fuboTV Inc. (NYSE: FUBO), and developer and distributor of Fubo Sportsbook. Fubo Sportsbook is specially designed to integrate with fuboTV, creating a personalized omni-screen experience that turns passive viewers into active and engaged participants. Fubo Sportsbook officially launched in November 2021 and is currently live in Iowa and Arizona. Fubo Gaming also has market access deals in Indiana and New Jersey through Caesars Entertainment, Inc., Ohio through NBA Cleveland Cavaliers, Pennsylvania through The Cordish Companies, and Texas through Houston Dynamo Football. Club. Fubo Sportsbook’s launch schedule in each state is subject to obtaining required regulatory approvals and, in some jurisdictions, the enactment of legislation. For more information, visit fubosportsbook.com.
About the Cleveland Cavaliers
The Cleveland Cavaliers won the NBA championship in 2016 while winning the Eastern Conference crown in 2007, 2015, 2016, 2017, and 2018. The team also plays and operates the newly transformed, publicly owned Rocket Mortgage FieldHouse, in downtown Cleveland, Ohio. The Cavaliers and Rocket Mortgage FieldHouse are part of the Rock Entertainment Group. The group also includes the Cleveland Monsters of the AHL, the Cleveland Charge of the NBA G League, the Cavs Legion of the NBA 2K League, the Legion Lair Lit by TCP, home of the Cavs Legion in Cleveland, and the Cleveland Clinic Courts – the formation and formation of the Cavaliers. development center in Independence, Ohio. The Cavaliers are regularly recognized for their extensive community support and engagement programs and contributions, leadership in workplace diversity and inclusion, and ongoing economic impact that now amounts to billions of dollars locally . Dan Gilbert is president of the Cleveland Cavaliers. Gilbert and his family of companies have now invested over $2.0 billion in Cleveland. Gilbert is also Founder and Chairman of Rocket Mortgage, the nation’s largest mortgage lender, and Founder and Chairman of Rock Ventures LLC, the apex entity for his business and real estate investment portfolio. Len Komoroski is the CEO of Rock Entertainment Group and Nic Barlage is the President and Chief Operating Officer of Rock Entertainment Group. The Cavaliers team is led by general manager Koby Altman and head coach JB Bickerstaff. The Cavaliers and Rocket Mortgage FieldHouse provide fans with the best NBA experience with its expansive and amazing array of equipment and technology and electrifying game presentation.
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