Now Live in Iowa, Fubo Sportsbook Integrates
with fuboTV to Deliver an Immersive, Omniscreen Wagering
Experience
Fubo Gaming, a subsidiary of leading sports-first live TV
streaming platform fuboTV Inc. (NYSE: FUBO), today announced that
it is live in the mobile sports betting market with the official
launch of Fubo Sportsbook in Iowa. The sportsbook is available now
for sports bettors 21 years of age and older in the Hawkeye state
to wager on thousands of professional and collegiate sporting
events using the Fubo Sportsbook mobile app, which is integrated
with fuboTV’s live TV streaming platform.
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the full release here:
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Fubo Sportsbook (Photo: Business
Wire)
More than a wagering platform, Fubo Sportsbook is purpose-built
to meet U.S. sports fans’ growing demand for interactivity through
an industry-first integration of an owned-and-operated sports
wagering platform with a live TV streaming experience. By
integrating with fuboTV, the mobile app delivers a personalized
omniscreen experience that turns passive viewers into active and
engaged participants. Fubo Sportsbook is launching with a unique
feature, Watching Now, which leverages fuboTV’s first-party user
data to allow users to instantly view wagering content based upon
what they are streaming - even as they change the channel. Fubo
Gaming intends to continue iterating the app, launching additional
features, subject to regulatory approval, that will further
integrate wagering into the fuboTV platform, to create an even more
immersive and personalized experience.
“We’re thrilled to launch Fubo Sportsbook and begin to bring
U.S. sports fans a next-level interactive viewing and betting
experience — one entirely tailored to the sports and entertainment
they care about most,” said Scott Butera, president of Fubo Gaming.
“As the industry continues to expand, it is increasingly important
to meet sports fans’ growing demand for personalized and immersive
experiences. By integrating with fuboTV, we aim to make that a
reality.”
Fubo Sportsbook and fuboTV sit at the unique intersection of two
expanding markets: sports wagering and digital sports
entertainment. According to a study by Gabelli Securities and the
US Census Bureau, U.S. sports betting revenue is expected to grow
from a projected $2.1 billion in 2021 to $10.1 billion in 2028.
Additionally, recent research from TDG reveals that 54 million
households will be broadband-only by 2025, a 42% increase from
2020, in part because over-the-top media services can deliver
highly personalized experiences that linear TV cannot.
“fuboTV’s vision to define a new category of interactive sports
and entertainment television takes another major step forward with
the launch of Fubo Sportsbook,” said David Gandler, co-founder and
CEO of fuboTV. “This is a pivotal moment not just for fuboTV, but
for the U.S. sports wagering and entertainment industries because
it is the first time the two are truly coming together in one
ecosystem. It’s important to realize that Fubo Sportsbook is not
simply an add-on product to fuboTV, but a product synced with the
live TV streaming experience. We expect this integration will
create a flywheel that improves engagement and retention, as well
as drives advertising revenue. In the coming months, we plan to
further integrate our sportsbook with fuboTV to create a
comprehensive and engaging TV and wagering experience.”
Fubo Gaming received regulatory approvals via a market agreement
with Casino Queen to go live with mobile and/or retail betting
operations within the state of Iowa. The company has also obtained
market access agreements in four other states, including
Pennsylvania via The Cordish Companies, Indiana and New Jersey via
Caesars Entertainment Inc. and Arizona via the Ak-Chin Indian
Community, where it also has been granted a Management Services
Provider Certification from the Arizona Department of Gaming (ADG).
The company expects to announce the launch of Fubo Sportsbook in
additional markets in 2021 and during 2022, subject to requisite
regulatory approvals. The company has partnerships with NASCAR, and
the New York Jets (NFL) and, as an Authorized Gaming Operator (AGO)
with the NBA, a multi-year agreement with the Cleveland Cavaliers
(NBA).
Fubo Sportsbook is available now at www.fubosportsbook.com or
for download via iOS. For more information, follow @fubosportsbook
on Twitter and Instagram.
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
purpose-built to integrate with fuboTV, creating a personalized
omniscreen experience that turns passive viewers into active and
engaged participants. Fubo Sportsbook officially launched in
November 2021 and is currently live in Iowa. It has market access
agreements in Pennsylvania via The Cordish Companies and Indiana
and New Jersey via Caesars Entertainment Inc., as well as a license
and market access agreement in Arizona via Ak-Chin Indian
Community. The launch timeline of Fubo Sportsbook in each state is
subject to obtaining requisite regulatory approvals. For more
information, visit fubosportsbook.com.
About fuboTV
With a mission to provide the world’s most thrilling
sports-first live TV experience through the greatest breadth of
premium content, interactivity and integrated wagering, fuboTV Inc.
(NYSE: FUBO) is focused on bringing to life its vision of a
streaming platform that transcends the industry’s current virtual
MVPD model. fuboTV Inc. operates in the U.S., Canada and Spain.
Leveraging its proprietary data and technology platform
optimized for live TV and sports viewership, fuboTV Inc. aims to
turn passive viewers into active participants and define a new
category of interactive television. Through its cable TV
replacement product, fuboTV, subscribers can stream a broad mix of
100+ live TV channels, including 74 of the top 100 Nielsen-ranked
networks across sports, news and entertainment — more than any
other live TV streaming platform (source: Nielsen Total Viewers,
2020). Subscribers can interact with fuboTV’s live streaming
experience through Fubo Sportsbook and predictive free-to-play
games, which are integrated into select sports content.
Fubo Gaming Inc., a subsidiary of fuboTV Inc., launched Fubo
Sportsbook, a next-generation mobile sportsbook purpose-built to
integrate with fuboTV, in 2021.
Forward-Looking Statements:
This press release contains forward-looking statements of fuboTV
Inc. (“fuboTV”) that involve substantial risks and uncertainties.
All statements contained in this press release that do not relate
to matters of historical fact are forward-looking statements within
the meaning of The Private Securities Litigation Reform Act of
1995, including statements regarding our market opportunity,
business strategy and plans, the continued shift in consumer
behavior towards sports wagering and streaming services, and the
expected launch of Fubo Sportsbook in additional markets. The words
“could,” “will,” “plan,” “intend,” “anticipate,” “approximate,”
“expect,” “potential,” or the negative of these terms or other
similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
these identifying words. Actual results or events could differ
materially from the plans, intentions and expectations disclosed in
the forward-looking statements that fuboTV makes due to a number of
important factors, including but not limited to risks related to
our pursuit and engagement in acquisitions; our actual operating
results may differ significantly from our guidance; risks related
to the Company’s access to capital and fundraising prospects to
fund its ongoing operations and support its planned growth; the
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-related risks; our ability to achieve or maintain
profitability; our revenue 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
wagering offering and the regulatory regime and related risks
associated with such offering; risks related to the difficulty in
measuring key metrics related to our business; risks related to the
highly competitive nature of our industry; risks related to ongoing
or future legal proceedings; and other risks, including the effects
of industry, market, economic, political or regulatory conditions,
future exchange and interest rates, and changes in tax and other
laws, regulations, rates and policies, including the impact of
COVID-19 on the broader market. Further risks that could cause
actual results to differ materially from those matters expressed in
or implied by such 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 such risks in detail. The forward-looking
statements in this press release represent fuboTV’s views 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 elect 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 fuboTV’s views as of any date subsequent
to the date of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211103006066/en/
Investor Contacts: Alison
Sternberg, fuboTV asternberg@fubo.tv The Blueshirt Group for fuboTV
ir@fubo.tv Media Contacts:
Deliah Mathieu, Fubo Gaming dmathieu@fubo.tv Lexi Panepinto, CTP
for Fubo Gaming lpanepinto@ctpboston.com
fuboTV (NYSE:FUBO)
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