Fubo Gaming Secures Market Access for Mobile Sports Betting in Mississippi, Louisiana and Missouri

Rhea-AI Summary

Fubo Gaming expands its reach by securing market access agreements in Mississippi, Louisiana, and Missouri, bringing its total to 10 states for Fubo Sportsbook. The expansion follows previous agreements with Caesars Entertainment since March 2021. Currently, Fubo Sportsbook operates in Iowa and Arizona. This unique platform integrates live TV streaming with sports wagering, catering to U.S. sports fans. Fubo Gaming plans to continuously enhance its app for a more immersive experience.

Positive

• Secured market access agreements in Mississippi, Louisiana, and Missouri, totaling 10 states.
• Integration of sports wagering with live TV streaming enhances user engagement.
• Launches in two states (Iowa and Arizona) demonstrate operational capability.

Negative

• None.

Less Than One Year Since its Formation, Fubo Gaming Holds Access Deals in 10 States, Live in Two

CHICAGO--(BUSINESS WIRE)-- 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.

View source 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

Source: Fubo Gaming

FAQ

What are the latest market access agreements for Fubo Gaming?

Fubo Gaming secured agreements in Mississippi, Louisiana, and Missouri, bringing the total to 10 states.

In which states is Fubo Sportsbook currently live?

Fubo Sportsbook is currently live in Iowa and Arizona.

What is Fubo Sportsbook's unique feature?

Fubo Sportsbook integrates sports wagering with live TV streaming, providing personalized experiences for users.

Who is Fubo Gaming's partner for market access agreements?

Fubo Gaming has partnered with Caesars Entertainment for market access agreements.

When was Fubo Gaming established?

Fubo Gaming was launched in 2021.