Fox Bet to Shut in the US
The Fox Bet service will be discontinued during the course of August, according to a statement from Fox and Flutter.
Fox Bet to Shut in the US
Flutter Entertainment has announced that it is shutting down its Fox Bet operation in the US.
A year after the US Supreme Court legalised sports betting in Murphy v. NCAA, Fox became the first major media company in the US to launch its own branded betting offering. It is likely that Fox did this in an effort to replicate Sky Sports' successful, 2001-founded betting arm in the UK with its own Fox Sports brand.
The Fox Bet service will be discontinued during the course of August, according to a statement from Fox and Flutter.
Fox Bet featured gambling games in the states where it had successfully obtained a gaming licence, including Colorado, New Jersey, Michigan, and Pennsylvania, in addition to free games like Fox Bet Super 6, which it offered nationwide.
The Stars Group, a Canadian online gaming company, and Fox first collaborated to launch the service in May 2019. However, after Stars was bought by Fox for $6 billion in October of the same year, Fox subsequently joined with Flutter. As part of the agreement, Fox is given a 10-year option to pay $3.7 billion for 18.6% of Flutter's US subsidiary FanDuel.
Prior to the 2019 merger that produced the largest online gambling corporation in the world, Stars was also the previous owner of Skybet.
Fox Bet will retain the Fox Bet brands, including the Fox Bet Super 6 brand name, and will "launch an all-new Fox Super 6 game later this summer," according to the Hollywood Reporter. Flutter will maintain the Fox Bet client database and its licences.