Company’s First Mobile Sportsbook on Track
to Launch in Q4
Fubo Gaming, a subsidiary of leading sports-first live TV
streaming platform fuboTV Inc. (NYSE: FUBO), today announced that
it has received approval from the Iowa Racing and Gaming Commission
(IRGC) to offer advance deposit online sports wagering within the
state of Iowa through a market access agreement with Casino Queen.
It marks an important next step in launching its mobile sportsbook,
Fubo Sportsbook, which remains on track to go live in the fourth
quarter 2021.
Once launched, sports bettors in the Hawkeye state will enjoy a
new, innovative mobile sportsbook that will enhance their wagering
experience through the “Watching Now” feature, an industry-first
integration of sports wagering and live streaming with fuboTV.
Designed as a holistic, hyper-personalized betting experience
reflecting what users are watching on fuboTV, Fubo Sportsbook
intends to combine data from both the betting and streaming
platforms. Leveraging fuboTV’s first-party user behavior data to
understand consumers’ viewing preferences and recommend relevant
bets, the company intends to turn passive viewers into active,
engaged participants.
Scott Butera, president, Fubo Gaming, said, “As we enter the
mobile sports betting market, we couldn’t be more excited to kick
off this journey in Iowa. We thank the IRGC and Casino Queen for
being the perfect partner in helping us cross the goal line and
bring this sportsbook to the passionate sports fans of Iowa.”
He added: “We believe Fubo Sportsbook will provide an elevated
sports entertainment experience that will bring increased
interaction and engagement between sports viewing and betting. We
are working with regulators in additional markets as we aim to
truly innovate the gaming space.”
Fubo Gaming also has obtained market access agreements in four
other states, including Arizona through a partnership with the
Ak-Chin Indian Community, Pennsylvania via The Cordish Companies as
well as in Indiana and New Jersey via Caesars Entertainment
Inc.
About Fubo Gaming
Fubo Gaming Inc., is a Chicago-based subsidiary of live TV
streaming platform fuboTV Inc. (NYSE: FUBO) that is dedicated to
delivering a unique, hyper-personalized sports entertainment and
wagering experience. Launched in 2021, Fubo Gaming brings together
fuboTV’s leading sports-first live TV streaming platform with the
soon-to-be-launched Fubo Sportsbook to create an omni-screen
ecosystem in which wagering information automatically syncs with
users’ interests and real-time viewing. Fubo Sportsbook is expected
to launch in Q4 2021, subject to obtaining requisite regulatory
approvals. It currently has market access agreements for Arizona
via Ak-Chin Indian Community, Pennsylvania via The Cordish
Companies, Iowa via Casino Queen, as well as Indiana and New Jersey
via Caesars Entertainment Inc. 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 predictive free-to-play games, which are
integrated into select sports content.
Fubo Gaming Inc., a subsidiary of fuboTV Inc., expects to launch
Fubo Sportsbook, a comprehensive sports entertainment experience
through sports betting, in Q4 2021, subject to obtaining requisite
regulatory approvals.
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 and the expected launch of free to play games, FanView and
Fubo Sportsbook. 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/20210831005152/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, Fubo Gaming lpanepinto@ctpboston.com
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