Less than a year since its inception, Fubo Gaming holds access agreements in 10 states, live in two
CHICAGO, February 10, 2022–(BUSINESS WIRE)–Fubo Gaminga subsidiary of the leading live sports TV streaming platform fuboTV Inc. (NYSE: FUBO), announced that it has secured market access agreements for Fubo Sportsbook in Mississippi, Louisiana and Missouri through Caesars Entertainment, Inc., bringing the company’s total to 10 states. The agreements provide statewide mobile access for sports betting, with the launch of Fubo Sportsbook subject to obtaining required regulatory approvals and, in some jurisdictions, the enactment of legislation.
This is Fubo Gaming’s second set of market access agreements with Caesars Entertainment, Inc., following its New Jersey-Indiana deal in March 2021. Other market access agreements include Arizona, Iowa, Ohio, Pennsylvania and Texas.
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. By integrating with fuboTV, the mobile app delivers personalized omni-screen experiences that turn passive viewers into active participants. Exclusive function of Fubo Sportsbook, Watch now, leverages first-party user data from fuboTV to engage participants by recommending relevant bets based on what they’re streaming, even when they change channels. Fubo Gaming intends to continue to iterate on the app, releasing additional features that will further integrate betting into the fuboTV platform, to create an even more immersive and personalized experience.
“We are excited to have the opportunity to expand our relationship with Caesars Entertainment as we expand access to Fubo Sportsbook in key markets across the United States,” said Scott Butera, President of Fubo Gaming. “Mississippi, Louisiana and Missouri all have passionate fan bases, particularly around college athletics, who will embrace our unique and immersive sports and betting entertainment platform.”
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, Louisiana, Mississippi, Missouri, and New Jersey through Caesars Entertainment, Inc., Ohio through the NBA’s Cleveland Cavaliers, Pennsylvania through The Cordish Companies and Texas through the 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.
With a mission to provide the world’s most exciting premiere live sports TV experience through the widest breadth of premium content, interactivity and in-app betting, fuboTV Inc. (NYSE: FUBO) is focused on achieving its vision of a streaming platform that transcends the industry’s current virtual MVPD model. fuboTV Inc. operates in the United States, Canada, Spain and, through its acquisition of Molotov, in France.
Leveraging its proprietary data and technology platform optimized for live TV and sports viewers, fuboTV Inc. aims to turn passive viewers into active participants and define a new category of interactive sports and entertainment television. . The company’s cable TV replacement product, fuboTV, offers subscribers over 100 live sports, news and entertainment networks and is the only live TV streaming platform with all sports channels classified by Nielsen (source: Nielsen Total Viewers, 2021). Subscribers can interact with fuboTV’s live streaming experience through predictive free games, which are integrated with select sports content.
Fubo Gaming Inc., a subsidiary of fuboTV Inc., launched Fubo Sportsbook, a next-generation mobile sportsbook specifically designed to integrate with fuboTV, in 2021.
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements by fuboTV Inc. (“fuboTV”) that involve substantial risks and uncertainties. All statements in this press release that do not relate to historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our market opportunities, strategy and business plans. , our partnerships, forecasts the continued rollout of Fubo Sportsbook and the continued shift in consumer behavior towards sports betting and streaming services and the planned launch of Fubo Sportsbook in other markets. The words “could”, “will”, “plan”, “intend”, “anticipate”, “approach”, “expect”, “potential”, or the negative form of these terms or other similar expressions are intended to identify future-looking statements, although not all forward-looking statements contain such identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in fuboTV’s forward-looking statements due to a number of important factors, including, but not limited to, risks relating to our pursuit and our engagement in acquisitions; our actual operating results may differ materially from our expectations; risks related to the Company’s access to capital and fundraising prospects to finance its ongoing operations and support its expected growth; restrictions imposed by content providers on our distribution and marketing of our products and services; our reliance on third-party platforms to operate certain aspects of our business; risks related to our technology, as well as cybersecurity and data privacy risks; our ability to achieve or maintain profitability; our revenues and gross profit are subject to seasonality; our operating results may fluctuate; our ability to attract and retain subscribers; we may not be able to license streaming content or other rights on acceptable terms; risks related to our ability to capitalize, develop and market a sports betting offering and the regulatory regime and associated risks associated with such an offering; risks related to the difficulty of measuring key parameters related to our activities; risks related to the highly competitive nature of our industry; risks related to current or future legal proceedings; and other risks, including the effects of industry, market, economic, political or regulatory conditions, future currency and interest rates, and changes in tax and other laws, regulations, rates and policies , including the impact of COVID-19 on the overall market. Additional risks that could cause actual results to differ materially from those expressed or implied by these forward-looking statements are discussed in our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021 filed with the Securities and Exchange Commission. (“SEC”) on August 11, 2021 and our other periodic filings with the SEC. We encourage you to read these risks in detail. The forward-looking statements contained in this press release represent the views of fuboTV as of the date of this press release. fuboTV anticipates that subsequent events and developments will cause its views to change. However, while it may choose to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. You should therefore not rely on these forward-looking statements as representing the views of fuboTV as of any date subsequent to the date of this press release.
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Alison Sternberg, fubo TV
The Blueshirt group for fuboTV
Deliah Mathieu, Fubo Gaming
Lexi Panepinto, CTP for Fubo Gaming