Fubo Gaming, Subsidiary of Fubotv Inc. Announces the Launch of Fubo Sportsbook in Arizona
December 20, 2021 at 09:00 am EST
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Fubo Gaming, a subsidiary of leading sports-first live TV streaming platform fuboTV Inc. 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 Sportsbooks 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 Sportsbooks proprietary feature, Watching Now, leverages fuboTVs 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. 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.
fuboTV Inc. is a sports-first, live television (TV) streaming company. The Company is engaged in offering access to tens of thousands of live sporting events annually, as well as news and entertainment content. Its platform is designed to allow customers to seamlessly access content through streaming devices and on Smart TVs, mobile phones, tablets, and computers. The Company operates through its streaming segment. Its base plan, Fubo Pro, includes over 100+ channels, including Nielsen-rated networks, and dozens of sports, news, and entertainment options. Its subscribers have the option to add premium channels and channel packages, as well as upgrade attachments such as Cloud DVR Plus for more storage and Family Share for additional simultaneous streams. The Company also offers multi-view on Apple TV, which enables subscribers to watch up to four live streams simultaneously. Its platform allows content providers to monetize and distribute their content to its highly engaged audience.