Fox Bet: Fox News’ Sports Betting Platform
Fox Sports recently announced its plans to launch a sports betting platform, Fox Bet, later this fall. The news comes after a deal made with online gaming giants, The Stars Group, was confirmed by Fox. The following article attempts to give insight into what you can expect at the Fox Bet Sportsbook when it goes live later this year. We will also touch upon whether there is going to be Fox Bet promo code.
What is Fox Bet?
Fox Bet is expected to be a sports betting platform that launches two betting products under the Fox umbrella:
- A nationwide free-to-play game which awards real-money cash prizes to people who are able to correctly predict the outcomes of sporting events.
- A real-money sportsbook that gives people the opportunity to place wagers on sports in states with legalized gambling.
The announcement of the platform comes right after a deal that went through between Fox and the Stars Group, where Fox paid $236 million for a 4.99% stake in Stars Group. Fox further holds the right to buy up to 50% equity stake in the Stars Group within the next 10 years.
What Fox got out of the deal is a brand license, software integration, and affiliate fees along with a minimum advertising commitment. In exchange, the Stars Group can use Fox Sports trademarks to launch the betting service as part of a 25-year commercial license.
It is still unclear as to which states exactly Fox Bet will be launching in the fall, but you can expect states with legalized online sports betting such as New Jersey, Pennsylvania, Nevada, and Delaware to be the main targets.
Integration With Fox Sports
Being part of a media dynasty, Fox Bet will have the added benefit of integrating Fox Sports radio and television broadcasts into their advertising. Fox Sports CEO & Executive Producer Eric Shanks recently stated in an interview:
There’ll be certain places, like our FS1 show ‘Lock It In,’ where it’s going to be tightly integrated. Probably on some of our radio shows that are on television, more tightly integrated. You will see integrations in our pregame shows but sitting here today, just announcing this deal, we still have a lot of work to do…
Expect Fox Sports to play a large role in the success of Fox Bet, with the ability to access a viewership of millions of Americans each and every day.
Fox Bet Bonus
While the exact details of the Fox Bet Bonus have not been disclosed yet, it is expected that the platform will provide a form of deposit or free bet offer to get new users on their way.
With a deposit bonus, users will be provided with bonus money based on the amount of their first deposit. For example, if you make a first deposit of $100 on 100% deposit bonus, you will be given $100 in bonus cash. There is generally a maximum amount which can be claimed on a first deposit bonus.
The first Fox bet bonus might give users the opportunity to get a refund on their first bet if it loses. So for example, if you make the first bet of $50 and it ends up losing you will receive a $50 free bet. Like with deposit bonuses, a maximum amount is usually set which can be claimed as a free bet.
Terms & Conditions
Certain terms and conditions may be required to be fulfilled before users are able to activate the Fox Sports Bonus and withdraw money acquired via the bonus. Some possible conditions include:
- A minimum deposit amount to qualify for the bonus.
- A Fox Sports bonus code to be entered during registration to activate the bonus offer.
- A wagering requirement which requires users to wager a certain amount times their bonus before they can withdraw bonus funds from their betting account.
- A time limit within which users must complete the wagering requirement. Inability to complete the wagering requirement within the allotted time period may result in the bonus expiration.
- Minimum odds requirements may be set on wagers made with bonus funds. Bonus funds may also only be able to be wagered on specific sports.
Fox Bet Sports Collection
A list of the exact sports which will be available at Fox Bet has not yet been released, however, it can be expected that popular American sports will take center stage. Expect Football, Baseball, Basketball, and Hockey to all be very well represented with a wide range of betting markets available for each sport. Top international sports including Soccer, Tennis, Rugby and Aussie Rules should also be available for wagering.
Both pre-match and live betting is expected to be available at Fox Bet. Live betting will provide bettors with the chance to wager on various sporting events.
Fox Bet Mobile App
Fox Bet has already announced its plans to be a primarily mobile-based bookmaker. The platform is expected to provide online betting via the mobile app to anyone within the boundaries of states with legalized gambling. The mobile app should be available on both iOS and Android device but may not be displayed in the iTunes and Google Play stores due to US gambling restrictions. Instead, the app will likely be available for download at the Fox Bet website.
The main advantage of using the mobile app for betting is the ability to get notifications and alerts when your bets are complete or one of your favorite teams are available for betting. Quick deposit and withdrawals will also likely be available to get money on and off the platform without much hassle.
To use the Fox Bet Mobile App users will be required to turn on location settings to ensure that they are within state boundaries.
Fox Bet Review Verdict
With Fox Sports and the Stars Group behind Fox Bet, there is no doubt that the platform has the ability to become one of the most popular sports betting options in America. By integrating itself in Fox Sports broadcasts the platform will be able to get out to millions of Americans in legal gambling states and give them the option of betting on mobile as they watch.
The nationwide free-to-play game which will launch alongside the Fox Bet Sportsbook will also provide a great boost to the popularity of the sportsbook with players from all over the nation joining in for the chance to win cash prizes.
The Fox Bet Bonus has still not yet been announced but you can expect a promotion to be disclosed a few months before the platform goes live. The Welcome Bonus is likely to provide either a first deposit or first bet bonus that awards bonus money based on the amount deposited or bet. A bonus code may be required to activate the offer so be sure to keep a lookout.