It did not take long for an internal review to determine Fubo Sportsbook had no path forward, even with potential partners.
Parent company FuboTV announced Monday it will shut down its sportsbook, which operated in Arizona, Iowa and New Jersey.
“Effective immediately, Fubo Sportsbook is no longer taking bets,” a company spokesperson told . “We are working with necessary parties to make sure players and their existing accounts will be appropriately handled.”
The decision wraps up the strategic review announced Aug. 4 in a shareholder letter. Shareholders of FUBO seemed pleased with the decision, as the stock jumped double digits in early trading Tuesday.