Analysis: The significance of the Super Bowl for US sportsbooks
Ahead of the coin toss at the Sofi Stadium this coming Sunday, we can already guess that this will be a record year for regulated betting on the Super Bowl. This is largely due to the newly-expanded population base that can now bet legally on sports. With the addition in the last six months of […]
BetMGM’s sponsorship of Bally Sports exposes RSN confusion
The deal struck between Bally Sports’ ultimate owner Sinclair Broadcast Group for Live on the Line, powered by BetMGM, has a greater significance than simply being another media sponsorship deal. The hour-long show debuted in late January across Sinclair’s 19-strong regional sports networks (RSNs), on the Bally Sports app as well as on Stadium, Sinclair’s […]
Morgan Stanley answers investor fears over DraftKings upgrade
Last week, the Morgan Stanley analyst team issued a note on DraftKings where they said they believed the company would be “one of the winners” in what over time is sure to be a very large betting and iGaming market in the U.S. “Though there is a lot of negative written about the levels of […]
New York moves show sector in flux
The launch of PointsBet’s New York offering this week, hot on the heels of BetMGM, means we now have six of the nine possible operators live in the Empire State with the seventh, WynnBet, set to go live before the Super Bowl. But going by the comments from Bally chairman Soo Kim last month, the chances […]
Analysis: The NFL’s depreciating data asset
Call it a lesson in what you can expect when investing in a newly listed entity. When Genius Sports and the NFL announced last May last year what they billed as a “strategic partnership” based around exclusive distribution of data ahead of the NFL season, it was reported as being worth up to $1 billion […]