Fubo Sportsbook App Set For Four-State Launch In 2021/2022. New York included. Bonus & free bets expected.
Fubo Sportsbook partnered with the first NFL team New York Jets and opens Fubo Betting Lounge at MetLife Stadium, NY, – reports BusinessWire.
Based in Chicago, Fubo Gaming is preparing to take sports betting to a place it’s never been before. Fubo Gaming is a subsidiary of FuboTV, which launched in 2015 as the initial sports-first live TV streaming platform, offering premium content and interactivity. Soon, integrated wagering will be added to this package. By the end of 2020, FuboTV counted 545,000 subscribers, all of whom are obviously already sports fans and many who could be potential sports betting customers.
Complementing fuboTV’s leading sports streaming platform, Fubo Gaming aims to provide a comprehensive sports entertainment experience through sports betting and interactive gaming. The online wagering experience, Fubo Sportsbook, is expected to launch in the fourth quarter of 2021 in New Jersey, Pennsylvania, Indiana and Iowa, subject to obtaining requisite regulatory approvals. FuboTV’s standalone sports betting app will incorporate live streaming, which will enable playerers to both watch the game and bet on the event from the same platform.
“With our sportsbook, we’re looking forward to delivering a comprehensive sports entertainment experience that combines live streaming and wagering,” David Gandler, co-founder and CEO of FuboTV, said in a statement. “We expect to launch Fubo Sportsbook in the fourth quarter of this year pending regulatory approvals.”
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HOLD ON AMERICA, WE’RE COMING IN FOR A LANDING.
Fubo Sportsbook’s landing page is up-and-running! Receive an offer when we go live in your state, when you follow the link.https://t.co/YjRXrfcen1 pic.twitter.com/ytNJxKlm1W
— Fubo Sportsbook (@FuboSportsbook) August 11, 2021
Acquisition of Vigtory
FuboTV began its move into the online sports betting industry in January of 2021. The company acquired online sportsbook Vigtory, instantly giving it access to a sports betting platform and a staff with the know-how to make it work.
The entire 15-person staff of Vigtory were integrated into the Fubo Gaming entity, including co-CEOs Scott Butera and Sam Rattner. Butera now serves as President of Fubo Gaming, while Rattner is the chief operation officer.
With the company’s connections to sports programming, access to live streams isn’t going to be an issue for Fubo Gaming. In fact, they could be positioned to offer perks to players that other betting entities don’t have the facilities to access, such as subscriptions to NFL Red Zone and NBA TV. As well, as a broadcaster, they can promote their product to potential players among their audience through FuboTV.
In December of 2020, FuboTV acquired Balto Sports, a company that develops tools for users to organize and play fantasy sports games. In June, FuboTV began to leverage its own proprietary technology along with Balto’s contest automation software by launching a free to play gaming offering. These consisted of onscreen quizzes that were offering prizes. This will serve as a lead in to their eventual launch of real money sports betting.
Fubo Bet Partners In Four States
Fubo online sportsbook has partnered with Caesars Entertainment, Inc. in New Jersey and Indiana and with Casino Queen in Iowa. Their Pennsylvania partner is The Cordish Companies, owner and operator of Live! Casino & Hotel Philadelphia and Live! Casino Pittsburgh, provides for state-wide mobile access for both sports betting and iGaming.
“Entering Pennsylvania, one of the largest sports betting and iGaming makers in the U.S., is a significant accomplishment for our forthcoming Fubo Sportsbook which, in this market, can also include mobile casino games,” Butera said in a statement.