fubo sportsbook

What fubo sportsbook does

Fubo Sportsbook was the online sports betting subsidiary of FuboTV Inc., operated through the legal entity Fubo Gaming Inc. Founded in 2021, the platform provided mobile sports wagering to consumers in Arizona and Iowa, the only two U.S. states where it secured regulatory approval and commercial operations. The product was positioned to leverage FuboTV's sports-focused streaming subscriber base and offered standard online sportsbook functionality, including pre-game and in-play wagering on major U.S. and international sporting events. Source data does not disclose the underlying technology stack, odds provider, KYC/payments infrastructure, or any integration architecture with the FuboTV streaming platform.

The business model was direct-to-consumer and transactional, with Fubo Sportsbook generating revenue through transaction-based fees (hold) on wagers placed on its mobile product. No funding rounds, key hires, named partnerships, enterprise customers, or B2B counterparties are disclosed in the available data, and no marketing channel mix or acquisition cost figures are available. The unit competed against much larger, better-capitalized U.S. online sportsbook operators such as FanDuel and DraftKings but operated at a substantially smaller footprint, confined to two states for its entire ~18-month commercial lifespan.

Fubo Sportsbook ceased operations on November 15, 2022, as part of FuboTV Inc.'s broader strategic pivot to redirect capital toward its core connected-TV / live TV streaming business and away from the capital-intensive U.S. online sports betting sector. The shutdown reflected the parent's decision to prioritize profitability and content investment in its streaming platform rather than continue funding a sub-scale, non-core gaming business in an increasingly competitive U.S. market.

Name

fubo sportsbook

Legal name

Fubo Gaming Inc.

Website

https://fubosportsbook.com

Company type

Private

Founded year

2021

Operating status

Closed

Short description

Fubo Sportsbook was an online sports betting platform operated by Fubo Gaming Inc., a subsidiary of FuboTV Inc., serving consumers in Arizona and Iowa before ceasing operations in November 2022.

Ownership category

akta.pro rank

Product category

Online Sports Betting

NAICS

Gambling Industries (7132)

akta.pro primary industry

Sportsbooks (Online & Mobile Operators) (MPAEACAA)

Keywords

• Online sports betting
• Sports wagering platform
• Mobile sportsbook
• IGaming Arizona Iowa
• Real money sportsbook

GTM type

B2C

Offering type

Services

Cost components

Operations, Marketing or Sales, Technology or R&D, Personnel, Others

Revenue model

1. Sports Wagering: Fubo Sportsbook generated revenue through sports betting wagering, accepting bets on sports events including Major League Baseball and other sports. The company operated in regulated iGaming markets (AZ, IA). Operations have since ceased.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Fubo Sportsbook was an online sports wagering platform operated by Fubo Gaming Inc. that allowed adult users (21+) physically located in Arizona or Iowa to place bets on sporting events including Major League Baseball, in-play wagers, and prop bets where permitted by state law. The service was accessed via the fubosportsbook.com website and was associated with the FuboTV live sports streaming platform, though the sportsbook has ceased operations as of November 15, 2022.

Product overview

Fubo Sportsbook was a single sports betting product offered by Fubo Gaming Inc. The platform allowed users to wager on sporting events and access account balances. Fubo Gaming has since ended all sportsbook operations (as of November 2022), with customer funds being returned via check and open wagers being manually contacted for settlement.

Differentiator

Problem solved

Functional benefit

Products and services

• Fubo Sportsbook

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves3 records

Direct peers

• DraftKings: DraftKings is a leading US online sportsbook and daily fantasy operator operating in AZ and IA among many other states. Directly comparable to Fubo Sportsbook in product offering (online sports wagering), target customer (adult sports bettors), and transaction-fee revenue model.
• FanDuel: FanDuel operates one of the largest US online sportsbooks with operations in AZ and IA. Directly comparable to Fubo Sportsbook as a mobile-first sportsbook serving adult bettors with a transaction-fee model.
• BetMGM: BetMGM is a major US online sportsbook operating in AZ and IA as a joint venture of MGM Resorts and Entain. Directly comparable to Fubo Sportsbook in product category, regulatory footprint, and direct-to-consumer wagering model.
• Caesars Sportsbook: Caesars Sportsbook operates online sports wagering in AZ and IA via the Caesars Digital platform. Comparable to Fubo Sportsbook as a regulated US online sportsbook with similar transaction-fee economics.
• BetRivers: BetRivers (Rush Street Interactive) operates online sportsbooks in AZ and IA. Directly comparable to Fubo Sportsbook as a multi-state online sportsbook targeting adult bettors with the same transaction-fee revenue model.
• Fanatics Sportsbook: Fanatics Sportsbook is an online sportsbook launched in 2023 that acquired PointsBet's US operations. Comparable to Fubo Sportsbook as a digital-first sportsbook competing in AZ/IA with a focus on sports-fan integration.
• ESPN BET (PENN Entertainment): ESPN BET, operated by PENN Entertainment, is an online sportsbook integrated with a major sports media brand. Directly comparable to Fubo Sportsbook's streaming-betting integration thesis, offering wagering in multiple US states including AZ/IA-adjacent markets.
• WynnBET: WynnBET was the online sportsbook of Wynn Resorts that similarly ceased US operations in 2022 amid OSB market consolidation. Comparable to Fubo Sportsbook as a defunct or exited competitor that failed to scale against larger rivals.
• Bet365: Bet365 is a global online sportsbook and betting operator with US presence. Directly comparable to Fubo Sportsbook in core product offering (online sports wagering), target customer, and transaction-fee revenue model.

Others

• FuboTV: FuboTV is the parent company of Fubo Sportsbook, a sports-focused live TV streaming platform. Comparable as the corporate parent that housed the sportsbook and the source of the streaming-betting integration strategy.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights3 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about fubo sportsbook