The official obituary for FOX Bet might be written as early as next Monday due to the possibility that it will be the newest victim of the very competitive US sports betting market.
The media juggernaut was reportedly facing a decision with FOX Bet that was essentially a do-or-die situation on August 1. The "do" half of that equation would have involved News Corp, the parent company of Fox, investing additional money in FOX Bet to maintain the viability of a sports betting operation with a shaky market share.
The media juggernaut was reportedly facing a decision with FOX Bet that was essentially a do-or-die situation on August 1. The "do" half of that equation would have involved News Corp, the parent company of Fox, investing additional money in FOX Bet to maintain the viability of a sports betting operation with a shaky market share.