BC-US--Sports Betting-Fox Sports, US
ATLANTIC CITY, N.J. (AP) — A major U.S. sports network is getting into the sports betting game.
Fox Sports says it is buying just under 5 percent of the Stars Group for about $236 million, and that both companies will offer real-money sports betting this fall in states where it is legal and the companies are licensed.
They will offer full-blown sports betting under the name FOX Bet in states that have legalized it.
The Stars Group is a Canadian gambling company that controls the brands PokerStars and Full Tilt, among others.
They also will offer a free-to-play game offering cash prizes to users who correctly predict the outcome of sporting events.
The move comes a week before the anniversary of a U.S. Supreme Court decision clearing the way for all 50 states to offer legal sports betting should they so desire.
Eight states currently do, with dozens of others considering it.