Fubo Gaming, a subsidiary of fuboTV Inc, has announced a market access agreement with the Cleveland Cavaliers, making Fubo Sportsbook an official mobile sports betting partner of the NBA team when the sportsbook launches in Ohio, pending requisite regulatory approvals.
The announcement builds on Fubo’s current marketing partnership with the Cavs and it comes as the Buckeye State goes through the process of drafting regulation for sports betting to go live no later than January 1, 2023. Fubo Sportsbook will launch its wagering platform in Ohio soon, pending regulatory approvals.
As part of the partnership, a 3,000 sq. ft. sports lounge will open inside Rocket Mortgage FieldHouse, home of the Cavs.
The lounge will serve as a game-day destination for fans with Fubo Sportsbook incentives and special bonus offers, as well as a space to watch NBA games and other sporting events.
Len Komoroski, CEO of the Cleveland Cavaliers and Rocket Mortgage FieldHouse, stated: “This is an exciting evolution of our continued partnership with Fubo Gaming. The Fubo Sportsbook mobile wagering platform provides leading technology, connectivity, and entertainment that aligns perfectly with our commitment to innovation and engagement across every aspect of the fan experience.
“We look forward to the continued collaboration with Fubo as we work to establish a best-in-class sports betting marketplace to offer our fans in Cleveland and throughout the state of Ohio.”
Launching in Q4 2021, Fubo Sportsbook is live in two states – Iowa and Arizona – and is an industry-first integration of an owned-and-operated sports wagering platform with a live TV streaming experience.
This deal is also Fubo Gaming’s seventh market access agreement, as it has deals in place in Arizona, Indiana, Iowa, New Jersey, Pennsylvania, and Texas.
Scott Butera, President of Fubo Gaming, commented: “The opportunity to enter the Ohio sports betting market with the Cavaliers as our partner is a major step forward for Fubo. Ohio has a passionate fan base who will enjoy Fubo’s uniquely integrated streaming and wagering sports betting experience.
“The Cavs are at the forefront of sports innovation and consistently create highly engaging fan experiences. This partnership provides Fubo instant access to a highly attractive customer base.”