FOX Bet is shutting down after facing significant challenges in the competitive online sports betting market and enduring legal disputes with its parent company. Effective July 31, FOX Bet will no longer accept bets, although accounts will remain accessible until August 31.
Background and Legal Issues
FOX Bet was launched in 2019 as a collaboration between FOX and The Stars Group, following the Supreme Court’s decision to overturn the federal sports betting ban. However, after Flutter Entertainment acquired The Stars Group, FOX Bet became entangled in a prolonged lawsuit. The legal dispute resulted in FOX securing a 10-year option to buy an 18.6% stake in FanDuel for $3.7 billion. With an August 2025 deadline approaching, the future of FOX Bet was in question.
Despite its high-profile launch, FOX Bet struggled to gain traction and often held less than 1% market share in the states where it operated. Flutter found more success with FanDuel and appeared reluctant to support a competing brand within its portfolio.
State Operations and Licensing
Flutter will retain the sports betting licenses for the following states:
- New Jersey
- Colorado
- Pennsylvania
- Michigan
After August 31, users will be able to access their account balances through the Poker Stars or PokerStars Casino apps. Details on how outstanding futures bets will be handled have not been provided.
Recent Trends in Sports Betting Apps
FOX Bet’s closure follows a series of similar moves in the sports betting industry. Recently, several other sports betting apps have shut down or announced plans to do so:
- PlayUp
- PointsBet
- Fubo Sportsbook
- Maxim Bet
- TwinSpires
The trend reflects the intense competition and evolving landscape of the online sports betting market.