But in the short term, one collateral victim is the Cleveland Cavaliers franchise, which had a deal for Fubo Sportsbook to serve as its mobile sports betting partner when Ohio launches its industry on Jan. No one can say yet if other smaller operators will close operations as well, which has been frequently predicted. And as for plans for future Fubo Sportsbook operations in Ohio, Indiana, and Pennsylvania, forget about those, too.įuboTV CEO David Gandler called it a “difficult decision to exit the online sports wagering business effective immediately,” which was due to the drag the business has on “longer term profitability goals.” In general, the numerous online sportsbook operators launching in recent years have yet to turn profits because of the time it takes to recover customer acquisition and marketing costs. Rarely have we had a need to focus our writing on cutbacks in anyone’s plans regarding that.Īnd then came FuboTV, with its unexpected announcement this week that it was shutting down Fubo Sportsbook operations in Iowa, Arizona, and New Jersey.
Sports Handle is among various media entities dedicating the past several years to chronicling the massive expansion of legal sports betting (not to mention other once-frowned-upon gambling activities) across the U.S. sports betting headlines, highlighting some fresh news, and rounding up key stories. Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top U.S. It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).
0 kommentar(er)
