It's a done deal. FOX Bet was discontinued by News Corp and Flutter Entertainment. Last week, there were rumors to that effect, and on Sunday, the two corporations made it public with a press release. The operator had good reason to think about closing FOX Bet because it lost around $60 million annually and accounted for nearly 20% of Flutter's profits before interest, taxes, depreciation, and amortization loss in the first half of the year.