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 6 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

Automakers to Trump: Please Require Us to Sell Electric Vehicles

DON'T MISS

President Biden Welcomes 2024 NBA Champion Boston Celtics to White House

DON'T MISS

Ohtani Makes History With 3rd MVP, Judge Claims 2nd AL Honor

DON'T MISS

Trump Chooses Pam Bondi for Attorney General Pick After Gaetz Withdraws

DON'T MISS

Average Rate on a 30-Year Mortgage in the US Rises to Highest Level Since July

DON'T MISS

Cutting in Line? American Airlines’ New Boarding Tech Might Stop You at Now Over 100 Airports

DON'T MISS

MLB Will Test Robot Umpires at 13 Spring Training Ballparks Hosting 19 Teams

DON'T MISS

Death Toll in Gaza From Israel-Hamas War Passes 44,000, Palestinian Officials Say

DON'T MISS

Jussie Smollett’s Conviction in 2019 Attack on Himself Is Overturned

DON'T MISS

Fresno Council Lowers Speed Limits on Friant and Audubon

UP NEXT

MLB Will Test Robot Umpires at 13 Spring Training Ballparks Hosting 19 Teams

UP NEXT

UConn Coach Geno Auriemma Breaks NCAA Wins Record With 1,217th Victory

UP NEXT

Warriors Guard De’Anthony Melton to Undergo Season-Ending Knee Surgery

UP NEXT

Wiggins, Curry Power Warriors to Dominant Win Over Hawks

UP NEXT

Sale and Skubal Claim Cy Young Awards After Historic Pitching Triple Crown Seasons

UP NEXT

Bulldogs Stack Double-Doubles Like Burgers on a Plate to Beat Prairie View

UP NEXT

Love Seeks Redemption as Packers Prepare for 49ers Rematch

UP NEXT

With or Without Lockridge, Can Bulldogs Get Out of Their Own Way to Become Bowl Eligible?

UP NEXT

Hate Your Instagram Feed? New Reset Feature Enhances User Control

UP NEXT

Visalia’s Stephen Vogt Voted AL Manager of the Year

Trump Chooses Pam Bondi for Attorney General Pick After Gaetz Withdraws

1 hour ago

Average Rate on a 30-Year Mortgage in the US Rises to Highest Level Since July

1 hour ago

Cutting in Line? American Airlines’ New Boarding Tech Might Stop You at Now Over 100 Airports

2 hours ago

MLB Will Test Robot Umpires at 13 Spring Training Ballparks Hosting 19 Teams

2 hours ago

Death Toll in Gaza From Israel-Hamas War Passes 44,000, Palestinian Officials Say

2 hours ago

Jussie Smollett’s Conviction in 2019 Attack on Himself Is Overturned

2 hours ago

Fresno Council Lowers Speed Limits on Friant and Audubon

3 hours ago

How About an Honest Conversation About the Range of Light Monument Proposal?

4 hours ago

UConn Coach Geno Auriemma Breaks NCAA Wins Record With 1,217th Victory

4 hours ago

Fresno Doctors Will Pay $2.4 Million to Settle Kickback Allegations, DOJ Says

4 hours ago

Automakers to Trump: Please Require Us to Sell Electric Vehicles

Three of the nation’s largest automakers, Ford, General Motors and Stellantis, are strategizing with other car manufacturers on how to make ...

21 minutes ago

President Joe Biden with Mary Barra, the chief executive of General Motors, at the Detroit Auto Show, Sept. 14, 2022. President-elect Donald Trump has promised to erase the Biden administration’s tailpipe rules designed to get carmakers to produce electric vehicles, but most U.S. automakers want to keep them. (Doug Mills/The New York Times)
21 minutes ago

Automakers to Trump: Please Require Us to Sell Electric Vehicles

25 minutes ago

President Biden Welcomes 2024 NBA Champion Boston Celtics to White House

45 minutes ago

Ohtani Makes History With 3rd MVP, Judge Claims 2nd AL Honor

Former Florida Attorney General Pam Bondi, speaks before Republican presidential nominee former President Donald Trump arrives to speak at a campaign rally at First Horizon Coliseum, Saturday, Nov. 2, 2024, in Greensboro, NC. (AP/Alex Brandon)
1 hour ago

Trump Chooses Pam Bondi for Attorney General Pick After Gaetz Withdraws

1 hour ago

Average Rate on a 30-Year Mortgage in the US Rises to Highest Level Since July

2 hours ago

Cutting in Line? American Airlines’ New Boarding Tech Might Stop You at Now Over 100 Airports

2 hours ago

MLB Will Test Robot Umpires at 13 Spring Training Ballparks Hosting 19 Teams

2 hours ago

Death Toll in Gaza From Israel-Hamas War Passes 44,000, Palestinian Officials Say

Help continue the work that gets you the news that matters most.

Search

Send this to a friend