NWSA plans to launch an online sports betting platform in the country in a joint venture arrangement, according to a Wall Street Journal report.
The Murdoch organization is teaming up with Tekkorp Capital, BetMakers Technology, and Matthew Tripp on the venture.
Its Tekkorp Digital Special Purpose Acquisition Company has raised $250 million to invest in the online gambling sector.
If that represents half of the online sports betting segment, then News Corp would be targeting a roughly $31.2 billion market opportunity.