In the world of sports and entertainment streaming, there might not be a bigger name than fuboTV.
Tuesday, that brand got even bigger, as fuboTV announced it is branching out into the world of sports betting.
The company has partnered with Caesars Entertainment to open sports books in Indiana and New Jersey, with more on the way. fuboTV joins the fray in the Garden State, which is the most lucrative market in the country right now, regularly bringing in nearly $1 billion in gross receipts over the last few months.
“We could not be more excited to bring fubo Sportsbook to market in the fourth quarter,” David Gandler, co-founder and CEO, of fuboTV said. “And today’s market access licenses for Indiana and New Jersey will help us reach even more consumers at launch.
On Tuesday, fuboTV announced it closed its strongest fourth quarter and year in its history, topping $100 million in quarterly revenue for the first time ($105.1 million actual). fuboTV ended 2020 with 547,880 paid subscribers, including 92,800 net subscriber additions in the fourth quarter.
The company also announced further progress on fubo Sportsbook including agreements with Major League Baseball and the National Basketball Association to become an Authorized Gaming Operator of each league.
This comes after fuboTV bought Vigtory Sportsbook in January, with the aim of launching a sports book. With the online streaming platform already in place, and now a sports book, it will be interesting to see how the company integrates this all together over the coming months.
fuboTV already has one of the most diversified offerings of sports streams of any platform. With the addition of Disney/ESPN last year, fans can watch all types of sports, from high school, to college, and the pros, on the big screen and mobile devices. Soccer fans have long known about the excellent coverage provided by fuboTV, thanks to the TUDNXtra, beIN Sports Connect, and many other channels. Now, with this, fuboTV could become the go-to platform for bettors and fans alike.