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☆ Betting on the Super Bowl Was Brisk at Sportsbooks in Big U.S. Markets
  + stars: | 2024-02-14 | by ( Associated Press | Feb. | At P.M. | ) www.usnews.com   time to read: +2 min
ATLANTIC CITY, N.J. (AP) — With this year's Super Bowl being played in Las Vegas, the nation's gambling capital, there was little doubt that betting on the big game would be huge. The 2023 Super Bowl between the Chiefs and the Philadelphia Eagles brought in $153.1 million worth of bets. In Pennsylvania, $71.5 million was wagered on the Super Bowl, down 15% from last year's Super Bowl, in which the Philadelphia Eagles lost to the Chiefs. Other states with big sports betting markets, including New York and Illinois, had yet to report betting levels for this year's Super Bowl as of Wednesday evening. Maine, which offered Super Bowl gambling for the first time, saw about $3.5 million wagered online, according to an estimate from the state's Gambling Control Unit.
Persons: sportsbooks, “ We’re, Chris Bevilacqua, ” BetMGM, Wayne Parry Organizations: CITY, Kansas City Chiefs, San Francisco 49ers, Nevada Gaming Control Board, Los Angeles Rams, Cincinnati Bengals, Chiefs, Philadelphia Eagles, Atlantic City, Super, of Gaming Enforcement, NFL Locations: N.J, Las Vegas, New Jersey, Pennsylvania, New York, Illinois, Maine, bettors, www.twitter.com
☆ The 16 most valuable global AI companies in sports, plus other takeaways from new data on VC investment in the sector
  + stars: | 2023-10-19 | by ( Margaret Fleming | ) www.businessinsider.com   time to read: +6 min
While generative AI startups are attracting more investment overall, 2023 could be a notably slow year for venture capital investment in sports AI following several years of activity, according to new data from PitchBook. The year could mark the lowest level of investment in the sector since 2018 when PitchBook tracked just under $200 million in VC activity. Both those years had 114 VC investments, compared to just 54 in 2023 through mid-October, PitchBook data shows. These are the top 16 highest-valued sports AI companies globally in 2023, according to PitchBook:1) SigmaStar — $4.55 billion. The Beijing-based computer vision technology company offers solutions in sports and health, evaluating movement in real-time, according to its website.
Persons: PitchBook, Hudl, STATSports, Creatz, Ligatech, Simplebet, Zepp Organizations: Yi Technology, WSC Sports, Cleveland Cavaliers, Kakao, Arsenal FC, US, National Soccer Team, Duke University, Kansas City Chiefs, Ligatech, Tempus, Francisco's Tempus, Chelsea FC, NFL, Sports, NBA, MLS, Premier League, AI Research Locations: deepfakes, Beijing, Israel, New York, Korean, Europe, Mexico, Lincoln , Nebraska, Northern Ireland, Shanghai, PitchBook, Los Angeles, China, Vancouver
☆ 5 top sports-betting execs share what they got right and wrong about the industry this year and their predictions for 2023
  + stars: | 2022-12-23 | by ( Ashley Rodriguez | ) www.businessinsider.com   time to read: +2 min
Betr founder and CEO Joey Levy thought we'd see more M&A this year, but says it's a preview for what we'll see more of in 2023. Betr founder and CEO Joey Levy. Simplebet cofounder Joey Levy is banking that the "idea of making every moment in a sporting event an accessible betting opportunity," which is known as microbetting, is the future of US sports betting. His predictions for 2023: "2022 is a good preview for what you're going to see a lot more of in 2023. I also think we'll see a lot of focus on product innovation.
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