Americans are expected to will legally bet more than $500 million on Sunday’s Super Bowl LV between the Tampa Bay Buccaneers and Kansas City Chiefs nationwide, up 67% from the estimated $300 million wagered in 2020, according to PlayUSA. If sports gambling has a national holiday, it’s the annual Super Bowl. Last December, FuboTV acquired Balto Sports, a tech startup that develops tools for fantasy sports.įuboTV’s revenue tripled to a record $130.9 million in its latest earnings report, with advertising revenue jumping 281% to $16.5 million.ĬEO David Gandler told CNBC he believes FuboTV can reach up to 5 million subscribers in the next five years.FuboTV Betting Big on Next Year’s Super Bowl LVI.In March, the company acquired sports betting startup Vigtory.

The company secured sports betting regulatory approval from the Iowa Racing and Gaming Commission for its sportsbook in August.Last week, Fubo Gaming received its second state license, a Management Services Provider Certification from the Arizona Department of Gaming.The sportsbook will become the first legal sports betting partner to leverage the Jets’ new deal with data platform Sportradar.įubo Sportsbook has yet to launch, but the company is already setting the stage for its 682,000 streaming subscribers. Fubo Gaming, a subsidiary of FuboTV, is making inroads on sports betting.Īhead of its sportsbook launch in Q4, the gaming division announced its first NFL team partnership with the New York Jets on Wednesday, becoming the official sports betting partner of the club.Īs part of the deal, Fubo will create a 7,000-foot-square Sportsbook Lounge in MetLife Stadium, set to debut during the 2021-22 season.

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