![]() Unfortunately, FOX Bet barely penetrated the US market, as it could only operate in four of a possible 30 states. To many stakeholders, the economic drawbacks were sufficient reason to shut down the operations. The sportsbook brand loses up to $60 million annually, and this year, it contributed to a 20% loss to Flutter’s gross earnings. Over the past three years, FOX Bet has been dealt cruel economic losses, which, in turn, trickled down to Flutter and Fox. ![]() FOX Leaves Deal with Flutter Shares and Option to Buy Stake in FanDuel Flutter currently controls a large chunk of PokerStars’ US operations and 95% of FanDuel’s total shares. Since then, Flutter had continuously been accused of neglecting FOX Bet’s operations in favor of its other gambling operations. However, Flutter would enjoy controlling shares of FOX Bet in 2020 when it acquired The Stars Group in the same year. A phased closure of FOX Bet’s operations will take place between 31 July and 31 August 2023.”įOX Bet was launched in 2019 after a collaboration between Fox and top Canadian gambling brand, The Stars Group. announce today the decision to close sports betting platform FOX Bet. The statement, which was issued on Monday, July 30 read in part: Barely days after rumors made the rounds that Fox and Flutter would pull the plug on FOX Bet, both entities have released a public statement confirming the shutdown.
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