Fubo Gaming lands sports betting deals in four states

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Posted on: Feb 12, 2022 09:10 am.

Last updated on: February 12, 2022, 09:10 am.

It’s been a big week for Fubo Sportsbook. Sportsbook provider of sports-focused streaming service fuboTV announced deals giving it access to licenses in four states.

Fubo Offers
Fubo Sportsbook this week announced offers giving them access to sports betting licenses in four states. In Ohio, Fubo secured rights to a license by extending its partnership with the NBA’s Cleveland Cavaliers. (Image: Business Wire)

On Thursday, Fubo Gaming announced that it has inked a new deal with Caesars Entertainment, granting sports betting rights in Louisiana, Mississippi, Missouri. It is the second agreement between the fuboTV subsidiary and the Las Vegas-based gaming giant. The two previously signed a pact that gave Fubo Sportsbook access in Indiana and New Jersey.

Fubo Gaming President Scott Butera said in a statement that the company was thrilled to extend their relationship with Caesars. Specifically, he noted that the three states all have “passionate fan bases,” particularly in varsity sports.

Louisiana would likely be the first state to start among those three states, as online sports betting went live there on January 28th. Mississippi allows sports betting, but only in casinos. Meanwhile, sports betting is not yet legal in Missouri, although legislation has been introduced to address it.

Cavs expansion gives Fubo Ohio access

Earlier in the week, Fubo Gaming announced an access deal for Ohio thanks to a partnership with the Cleveland Cavaliers. This deal extends a marketing partnership Fubo struck with the NBA franchise in October.

In addition to rights to a sports betting license, the deal also includes a 3,000-square-foot lounge at Rocket Mortgage FieldHouse, the Cavaliers arena. Fans who head to the lounge receive special bonuses and incentive offers while watching NBA games and other sporting events.

The Cavs are at the forefront of esports innovation and consistently create highly engaging fan experiences,” said Butera. “This partnership gives Fubo immediate access to an extremely attractive customer base.”

The Ohio legislature approved a sports betting bill in December, and Gov. Mike DeWine signed it into law. It gave the state’s professional sports teams access to mobile and retail sports betting licenses.

The Ohio Casino Control Commission is currently reviewing public comments on its draft regulations. The law provides for sports betting to be introduced in Buckeye state by Jan. 1, 2023, and commission officials don’t expect to accept license applications until later this summer at the earliest.

Where Fubo Sportsbook has offers

Chicago-based Fubo Gaming now has access to 10-state licenses. It currently operates in Arizona, where it is an affiliate of the Ak-Chin Indian Community, and in Iowa, where it works with Casino Queen.

Besides Caesars, Fubo also has a market access deal with The Cordish Companies to offer sports betting in Pennsylvania.

Last month, the sportsbook signed an access agreement with Major League Soccer’s Houston Dynamo and the National Women’s Soccer League’s Houston Dash. The deal acc Sporticois one of the most lucrative for an MLS squad.

Should the Texas legislature grant sports concessions the rights to betting licenses, the Fubo Dynamo deal would be worth $178 million. Currently, however, the local legislature has no draft law to legalize sports betting.

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