Flutter Entertainment and Fox Corporation Announce Close of FOX Bet
Flutter Entertainment plc and Fox Corporation announced the decision to close the sports betting platform FOX Bet. A phased closure of FOX Bet’s operations will take place before August 31, 2023.
Flutter operated FOX Bet as part of The Stars Group US (TSG US) along with the US-facing operations of PokerStars. Flutter will retain ownership of PokerStars, in addition to US sports betting market leader FanDuel. FOX will retain future use of the FOX and FOX Bet brands, including FOX Bet Super 6, and intends to launch an all-new FOX Super 6 game later this summer.
FOX will continue to hold its option to acquire 18.6% of FanDuel and in addition holds a 2.5% stake in Flutter.
FOX Bet, a sports betting platform available in Colorado, Michigan, New Jersey, and Pennsylvania, was launched in 2019 by FOX and TSG. TSG was acquired and operated by Flutter as of May 2020.
