FuboTV, a sports streaming service, continues its plans to foray into sports betting through the launch of its own wagering product. Although the company plans to launch Fubo Sportsbook by Q3 2022, the release might get postponed because of various challenges. FuboTV’s latest hurdle is the leave of Jay Vaccaro who will be resigning as Fubo’s head of trading.
Vaccaro Leaves the Team
Vaccaro was one of FuboTV’s senior members. His departure from the team is a big blow to the company because of the importance of his role. As a result, the development and eventual release of Fubo Sportsbook might experience some setbacks.
The silver lining of the situation is that Vaccaro was not a long-time worker. In fact, he only joined the company and its board in August 2021 and lasted for less than a year. However, his departure comes just a few months after another senior member’s leave. In January this year, Sam Rattner, Fubo Gaming’s chief operating officer, resigned after just ten months with the company.
A Setback for Fubo Sportsbook’s Release
Despite the setbacks, FuboTV will have to keep working on its sportsbook. In the words of David Gandler, the company’s chief executive, Fubo Sportsbook is one of the five pillars of the company’s future development.
The company has existing agreements with Arizona, Iowa and New Jersey where it plans to launch its sportsbook once it is ready. The company hopes to do so by the third quarter of 2022, although it is yet to be seen whether the company’s thinned-out team will be able to keep up with its plans.
Not everything is grim, though, as FuboTV recently added three new members to its team. These were Todd Mathers, Ben Grad, and Andrew Steinberg who joined as VP of content strategy, SVP and VP respectively.
Fubo Continues to Innovate
FuboTV recently launched a new sports betting service that adds free-to-play contests and pick’em games to TV users’ experience. According to the company, its release is a setup for the eventual launch of Fubo Sportsbook and FuboTV’s foray into the sports betting sector.
Gandler had released a statement on the matter, where he commented that FuboTV hopes to acquire new users. The company believes that the new service will ensure organic growth without the need to spend a lot on marketing. Gandler vowed to continue innovating and enhancing the customer experience.