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CS85

Degenerate Gamblers Celebrate

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FOX to debut a betting app later this year.

 

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In the boldest step taken by a U.S. media company in the sports gambling space, Fox Sports will unveil an app this fall that will allow some domestic consumers to place wagers on sporting events. The move to launch Fox Bet comes as part of a wide-ranging deal Fox signed with The Stars Group that was announced after the market closed today. The plan is to launch two betting products under the Fox Bet umbrella. One is a nationwide free-to-play game that awards cash prizes to people who correctly predict the outcomes of games. The other gives an opportunity to place real money wagers on sporting events in states with legalized gambling.

 

“There'll be certain places, like our FS1 show ‘Lock It In,’ where it's going to be tightly integrated,” said Fox Sports CEO & Exec Producer Eric Shanks. “Probably on some of our radio shows that are on television, more tightly integrated. You will see integrations in our pregame shows, but sitting here today, just announcing this deal, we still have a lot of work to do to say exactly how all of that's going to be.”

 

 

 

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Look like we'll be at 13 states + DC now that the Illinois legislature has approved a bill and sent it to the governor.  The bill also allows for slots at horse tracks and both Chicago airports, plus the possibility for a Chicago casino. 

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