Less Than One Year Since its Formation, Fubo
Gaming Holds Access Deals in 10 States, Live in Two
Fubo Gaming, a subsidiary of leading sports-first live TV
streaming platform fuboTV Inc. (NYSE: FUBO), announced 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 requisite regulatory
approvals and, in certain jurisdictions, enactment of
legislation.
This marks Fubo Gaming’s second round of market access deals
with Caesars Entertainment, Inc., following its New Jersey and
Indiana agreement in March 2021. Additional market access deals
include Arizona, Iowa, Ohio, Pennsylvania and Texas.
Fubo Gaming launched Fubo Sportsbook in the fourth quarter 2021
and is live in two states: Iowa and Arizona. 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 pleased to have the opportunity to extend our
relationship with Caesars Entertainment as we expand access to Fubo
Sportsbook across key markets in the U.S.,” said Scott Butera,
president, Fubo Gaming. “Mississippi, Louisiana and Missouri all
have passionate fan bases, particularly around college athletics,
who will embrace our unique, immersive sports and wagering
entertainment platform.”
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. Fubo
Gaming has also entered into market access agreements in Indiana,
Louisiana, Mississippi, Missouri and New Jersey via Caesars
Entertainment, Inc., Ohio via the NBA Cleveland Cavaliers,
Pennsylvania via The Cordish Companies, and Texas via The Houston
Dynamo Football Club. The launch timeline of Fubo Sportsbook in
each state is subject to obtaining requisite regulatory approvals
and, in certain jurisdictions, enactment of legislation. 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. The
company's cable TV replacement product, fuboTV, offers subscribers
more than 100 live sports, news and entertainment networks and is
the only live TV streaming platform with every Nielsen-rated sports
channel (source: Nielsen Total Viewers, 2021). 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.
Cautionary Note Regarding
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, partnerships, the expected continued
rollout of Fubo Sportsbook and 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220210005215/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
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