Please ensure Javascript is enabled for purposes of website accessibility
Betting Predictions to Be Part of Fox Sports Analysis
gvw_ap_news
By Associated Press
Published 5 years ago on
May 9, 2019

Share

ATLANTIC CITY, N.J. — Fox Sports viewers tuning in to some broadcasts this fall will see not only the game, but will get betting predictions.

“This will transform the way sports fans consume sports in America. We know that many Fox Sports customers already wager.” — Eric Shanks, CEO and executive producer of Fox Sports

The network announced a partnership Wednesday night with the parent company of the PokerStars online gambling giant.

Fox Sports is buying just under 5% of The Stars Group for about $236 million. Both companies will offer real-money sports betting this fall in states where it is legal and they are licensed.

The Stars Group says it has market access through licensing in 13 states, and is seeking licensing in others.

“This will transform the way sports fans consume sports in America,” said Eric Shanks, CEO and executive producer of Fox Sports. “We know that many Fox Sports customers already wager.”

Rafi Ashkenazi, CEO of the Toronto-based Stars Group, said the fast-growing U.S. legal sports betting market is where companies want to be right now.

‘The Single Most Exciting Long-Term Growth Opportunity’

“We believe the U.S. is the single most exciting long-term growth opportunity for the company,” he said Thursday on a conference call to discuss the 25-year deal.

The move comes a week before the anniversary of a U.S. Supreme Court decision clearing the way for states to offer legal sports betting should they so desire. Eight states currently take wagers, three others have legalized it in 2019 and many other states have bills in their legislatures.

“We believe the U.S. is the single most exciting long-term growth opportunity for the company.” — Rafi Ashkenazi, CEO of the Toronto-based Stars Group

The Stars Group is licensed in New Jersey through an affiliation with Resorts Casino Hotel in Atlantic City and in Pennsylvania through Mount Airy Casino Resort. It also has a deal with Eldorado Resorts encompassing 11 other states, Stars Group officials said.

Analyst John DeCree of Union Gaming said Eldorado stands to benefit greatly from the deal.

“With a major national media partner like Fox Sports, (The Stars Group’s) sports betting prospects in the U.S. just got a whole lot better, which means (Eldorado’s) partnership with TSG also just got a lot more valuable,” he wrote Thursday.

Fox Sports and The Stars Group will offer sports wagering under the name Fox Bet in states that have legalized it. They also will offer a free-to-play game offering cash prizes to users who correctly predict the outcome of sporting events.

DON'T MISS

From Blue Cheese to Bacon: Peanut Butter Pairings That Will Shock You

DON'T MISS

Challengers Seek Seats on Tulare County Irrigation District Boards

DON'T MISS

Shy Pup Finds Hope with Foster Family, Evasion from Euthanasia

DON'T MISS

Does Dill Have Magical Powers? What People Once Believed Food Could Do

DON'T MISS

Let’s Keep Innovative Partnerships Crucial to Combating Climate Change: Fresno Dairy Manager

DON'T MISS

Immediate Threat: Mussel Invades California’s Delta, First Time in North America

DON'T MISS

Two-Time Cy Young Winner Blake Snell Opts Out of Contract with Giants

DON'T MISS

No Matter the Outcome, We Are the True Losers of This Election

DON'T MISS

Russia’s Swift March Forward in Ukraine’s East

DON'T MISS

Rapper Young Thug Is a Free Man. Here Are Things to Know About His Plea.

UP NEXT

Seahawks Aim to Reignite Ground Game Against Rams After Recent Struggles

UP NEXT

Where Have the Top Transfers in College Basketball Landed?

UP NEXT

49ers Seek to Shake off the Super Bowl Hangover in the Second Half of the Season

UP NEXT

Dodgers Celebrate World Series Win, Look to Repeat With Ohtani’s Return to Pitching in 2025

UP NEXT

Bulldogs’ DB Cam Lockridge Is Ballin’ Out, Has Sights Set On NFL

UP NEXT

Rams Brace for Reunion With Former Star LB Ernest Jones as Seahawks Matchup Looms

UP NEXT

Cavaliers Blow Out Lakers as Bronny James Scores First NBA Points

UP NEXT

Yankees Star Shines and Stumbles in World Series Loss

UP NEXT

World Series: Freddie Freeman Wins MVP Award After Tying Record With 12 RBIs

UP NEXT

Los Angeles Sees Bus Burned, Store Thefts and Rowdy Crowds After Dodgers Win World Series

Does Dill Have Magical Powers? What People Once Believed Food Could Do

2 hours ago

Let’s Keep Innovative Partnerships Crucial to Combating Climate Change: Fresno Dairy Manager

3 hours ago

Immediate Threat: Mussel Invades California’s Delta, First Time in North America

15 hours ago

Two-Time Cy Young Winner Blake Snell Opts Out of Contract with Giants

15 hours ago

No Matter the Outcome, We Are the True Losers of This Election

15 hours ago

Russia’s Swift March Forward in Ukraine’s East

15 hours ago

Rapper Young Thug Is a Free Man. Here Are Things to Know About His Plea.

16 hours ago

AMOR Wellness Trunk-or-Treat Brings 700 Mendota Residents Together for Halloween Fun

16 hours ago

What Kind of Trouble Is Miguel Arias Trying to Stir Up This Time?

16 hours ago

MrBeast Probe Ends With Some Employees Fired but Finds No Proof of Sexual Misconduct Allegations

17 hours ago

From Blue Cheese to Bacon: Peanut Butter Pairings That Will Shock You

Peanut butter is a childhood staple for many in the United States. Whether it’s a classic PB&J sandwich, a fluffernutter, cookies ...

44 mins ago

44 mins ago

From Blue Cheese to Bacon: Peanut Butter Pairings That Will Shock You

45 mins ago

Challengers Seek Seats on Tulare County Irrigation District Boards

60 mins ago

Shy Pup Finds Hope with Foster Family, Evasion from Euthanasia

2 hours ago

Does Dill Have Magical Powers? What People Once Believed Food Could Do

3 hours ago

Let’s Keep Innovative Partnerships Crucial to Combating Climate Change: Fresno Dairy Manager

15 hours ago

Immediate Threat: Mussel Invades California’s Delta, First Time in North America

15 hours ago

Two-Time Cy Young Winner Blake Snell Opts Out of Contract with Giants

15 hours ago

No Matter the Outcome, We Are the True Losers of This Election

Search

Send this to a friend