First Owned-and-Operated Live TV
Streaming-Integrated Mobile Sportsbook in the U.S. is Now Live in
its Second Market
Fubo Gaming, a subsidiary of leading sports-first live TV
streaming platform fuboTV Inc. (NYSE: FUBO), today announced the
launch of Fubo Sportsbook in Arizona, marking the second state in
which the market-defining sportsbook is available. Sports
enthusiasts 21 years of age and older in the Grand Canyon State can
now place wagers on thousands of live professional and collegiate
sporting events, including the upcoming bowl games and professional
football championship game, using the mobile app or on the Fubo
Sportsbook website.
The launch in Arizona, in partnership with the Ak-Chin Indian
Community, expands Fubo Sportsbook’s presence in the U.S. following
last month's launch in Iowa. 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 personalized omniscreen experiences that turn passive
viewers into active participants. Fubo Sportsbook’s proprietary
feature, Watching Now, leverages fuboTV’s first-party user data to
engage participants by recommending relevant bets based upon what
they are streaming — even as they change the channel. Fubo Gaming
intends to continue iterating the app, launching additional
features that will further integrate wagering into the fuboTV
platform, to create an even more immersive and personalized
experience.
"We are honored to partner with our first Native American tribe,
the Ak-Chin Indian Community, to launch our market-defining
sportsbook within the great state of Arizona,” said Scott Butera,
president, Fubo Gaming. “In less than a year of establishing Fubo
Gaming, we brought our sports betting platform to passionate sports
communities across two states and look forward to continuing
introducing our unique product to many more consumers.”
“Fubo Sportsbook is a major pillar of fuboTV’s mission to
integrate interactivity into our live TV streaming platform and
define a new category of interactive sports and entertainment
television,” said David Gandler, co-founder and CEO, fuboTV. “I’m
very proud of how quickly the Fubo Gaming team has brought Fubo
Sportsbook to market: from our announcement to expand into online
sports wagering to the launch of Fubo Sportsbook in Arizona, our
second state, all in the same year.”
Earlier this year, Fubo Gaming received regulatory approvals to
operate as the management service provider to the Ak-Chin Indian
Community to go live with mobile betting operations within the
state of Arizona. 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 Iowa via Casino Queen. Fubo Gaming expects to announce
the launch of Fubo Sportsbook in additional markets, subject to
requisite regulatory approvals.
“We’re so excited this day is finally here,” said Robert Miguel,
chairman, Ak-Chin Indian Community. “The Ak-Chin Indian Community
is proud to work with an industry-leading partner like Fubo Gaming
in the development of its mobile app for online sports wagering,
and we look forward to providing our customers the premier gaming
experience they’ve come to expect.”
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 at www.fubosportsbook.com or for
download via iOS. For more information, follow @fubosportsbook on
Twitter, Instagram and TikTok.
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 and Arizona. It has
market access agreements in Pennsylvania via The Cordish Companies
and Indiana and New Jersey via Caesars Entertainment Inc. 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, Spain and,
through its acquisition of Molotov, in France.
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 sports and entertainment 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 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, including our acquisition strategy and
ability to integrate any such acquisitions, 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,” “believe,” 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 September 30, 2021 to be filed with the
Securities and Exchange Commission (“SEC”) 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/20211220005182/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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