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☆ FanDuel parent Flutter joining the big leagues. Moving primary listing to U.S. from U.K. may spur investor interest
▼ + stars: | 2024-05-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The Dublin-based parent company of FanDuel launched a secondary listing of its shares on the New York Stock Exchange on Jan. 29. Shareholders have since voted to making the NYSE the primary listing for the stock rather than London, and that change is slated to take effect May 31. UBS analyst Ben Shelley said in a May 9 note to clients that the primary listing change could help close those gaps. Flutter is not the only company in recent years to shift its primary listing to the U.S., and the track records of those companies could be a positive sign for Flutter. UBS pointed to building materials companies CRH — which transitioned its primary listing to the NYSE in September 2023 — and Ferguson — which made the switch in May 2022 — as examples.

Persons: FanDuel, Ben Shelley, —, Ferguson, Shelley, Paddy Power Organizations: UBS, The, New York Stock Exchange, NYSE, Penn Entertainment, MGM Resorts International, DraftKings, MGM International Locations: U.S, The Dublin, London

☆ A bettor sitting on a $1.7 million payout if the Thunder win the NBA title is hedging by letting in outside investors
▼ + stars: | 2024-05-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

A bettor could score a payout of $1.7 million if the Oklahoma City Thunder win the NBA title. The original $100 bet was a parlay ticket that also included championships for the Texas Rangers and Kansas City Chiefs, both of which have happened. The parlay ticket was purchased via DraftKings and cost Shelton just $100. Now he stands to win $1.7 million, representing a potential return of 1,690,900% if the bet pans out. There is an entire separate industry dedicated to playing matchmaking between high-rolling sports bettors and opportunities with high initial buy-ins, like Shelton's parlay ticket.

Persons: Wayne Shelton, —, Shelton, let's, it's, DraftKings Organizations: Oklahoma City Thunder, NBA, Texas Rangers, Kansas City Chiefs, Service, ESPN, MLB, NFL Super, Thunder, Oklahoma City, New Orleans Pelicans, Western Conference, Dallas Mavericks Locations: DraftKings

☆ How the US became hooked on sports betting – and the cost it’s having on lives
▼ + stars: | 2024-05-03 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +11 min

“I noticed all my memories were really gambling related,” Malek explains to CNN Sport. So right where the AGA and the National Council for Problem Gambling is located – the nation’s capital – they abolished all public funds for problem gambling,” adds Whyte. Ramon Zelaya, the moderator of Reddit’s problem gambling forum, concurs. “I think the pace of innovation right now, particularly as it relates to fan engagement and betting, and in play betting and live betting will continue to increase,” said Maloney. Reportedly there were two specific games in which DraftKings Sportsbook flagged prop bets involving Porter in its daily betting insights.

Persons: CNN —, Saul Malek, he’d, “, ” Malek, I’d, Malek, ”, Michael Reaves, Getty, Dominick Reuter, Joe Maloney, ” Maloney, ” Keith Whyte, Maloney, “ We’re, Al Bello, Whyte, “ We’ve, LeBron James ’, DraftKings, you’re, Greg Olsen, Jared C, Tilton, Adam Silver, Silver, Ramon Zelaya, ” Zelaya, “ I’ve, Sportradar, expained, Candice Ward, Reuters Maloney, Jontay Porter, Porter, “ It’s, Brian Sevald Organizations: CNN, CNN Sport, Gamblers Anonymous, Saturday’s Kentucky Derby, Kentucky Derby, Supreme, District of Columbia, Super, American Gaming, Monmouth, Getty, “, Republicans, National Council, Belmont Park, ESPN, NCAA, NFL, NASCAR Hall of Fame, NBA, Reuters, Sporting, Toronto Raptors Locations: Saturday’s, Churchill, Nevada, Monmouth, Oceanport , New Jersey, AFP, America, New York, Belmont, District, –, North Carolina

☆ Disney technology executive Aaron LaBerge to leave company for personal reasons
▼ + stars: | 2024-04-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

The Walt Disney company logo is displayed on the floor of the New York Stock Exchange during morning trading on Dec. 1, 2023. Aaron LaBerge, the chief technology officer for Disney Entertainment and ESPN, is leaving the company, according to an internal memo. LaBerge is leaving for personal reasons related to his family and will stay on at Disney until June, the memo said. At ESPN, LaBerge has been a central figure behind the company's streaming services, including ESPN+, the upcoming sports streaming application co-owned by Disney, Warner Bros. They include former CEO Bob Chapek, former head of streaming Kevin Mayer, ex-finance chief Christine McCarthy, former Walt Disney Studios Chairman Alan Horn, former Disney general counsel Alan Braverman, ex-head of communications Zenia Mucha, and former president of Walt Disney Pictures, Sean Bailey.

Persons: Aaron LaBerge, LaBerge, He'll, He's, Bob Chapek, Kevin Mayer, Christine McCarthy, Alan Horn, Alan Braverman, Zenia Mucha, Sean Bailey, Aaron, Jimmy Pitaro, Dana Walden, Alan Bergman, Chris Lawson, Paul Allen Organizations: Walt Disney, New York Stock Exchange, Disney Entertainment, ESPN, PENN Entertainment, ESPN Bet, Disney, Hulu, Warner Bros . Discovery, Fox, Walt Disney Studios, Walt Disney Pictures, ESPN BET, Company, Starwave

☆ Won (or lost) your March Madness bets? Don’t forget to report them on your taxes
▼ + stars: | 2024-04-09 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

New York CNN —If you won big on bets you made for the March Madness men’s and women’s NCAA tournaments, enjoy the money. So if you made bets last year, here’s what you need to do on your 2023 tax return, which is due for most people on April 15. Your winnings also may be subject to state tax, unless you live in the dozen or so states that exempt gambling winnings. It will then be up to you on your tax return to square whether you owe more or less on your winnings. So say you won $1,000 in 2023 at the tables in Vegas, but you lost $1,500 betting on last year’s March Madness tournament.

Persons: ”, Mark Luscombe, Luscombe, ” Luscombe, Daniel Rahill Organizations: New, New York CNN, NCAA, American Gaming Association, IRS, Wolters Kluwer, Accounting, Wintrust Wealth Management, Illinois CPA Society Locations: New York, Vegas

☆ Barstool's Dave Portnoy won $2.7 million betting on UConn in NCAA men's final
▼ + stars: | 2024-04-09 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Barstool Sports founder Dave Portnoy is cashing in $2.76 million on UConn's big win over Purdue Monday night in the NCAA men's championship game. FanDuel said the men's championship game saw a 52% year-over-year increase in bet count and a 42% year-over-year increase in handle. At Caesars , Monday's championship game accounted for the most same-game parlays ever placed on a college basketball game at their sportsbook. FanDuel, BetMGM and Fanatics say the championship game was their single biggest betting event on women's sports. Caesars said the women's championship saw double the previous handle record for a women's college basketball game.

Persons: Dave Portnoy, Portnoy, DraftKings, Barstool, FanDuel, Craig Mucklow, Caitlin Clark, BetMGM, Mucklow Organizations: Florida Atlantic Owls, Loyola, Ramblers, Wintrust Arena, Barstool Sports, Purdue, NCAA, Huskies, CNBC, DraftKings, Penn Entertainment, Washington , D.C, American Gaming Association, Caesars Locations: Chicago , Illinois, Washington ,

☆ FanDuel says Iowa-LSU game was its biggest betting event of all time for women's sports
▼ + stars: | 2024-04-02 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

The superstar women's college basketball matchups Monday night attracted more than just viewers — the games also set new sports betting records. FanDuel tells CNBC that the Louisiana State University versus Iowa game was its biggest betting event of all time for women's sports. 1 betting event Monday, ahead of all National Basketball Association, Major League Baseball and National Hockey League games, FanDuel said. The women's basketball games were its top two events last night, ahead of every MLB and NBA game, a spokesperson told CNBC. BetMGM also had a big night, saying the Iowa-LSU matchup was its most bet-on women's basketball game ever.

Persons: Caitlin Clark, FanDuel, sportsbooks, Monday's, Angel Reese, Kim Mulkey, Paige Bueckers, Karol Corcoran, FanDuel Sportsbook, DraftKings, BetMGM, Seamus Magee Organizations: Iowa Hawkeyes, Lousiana State University Tigers, NCAA, Arena, CNBC, Louisiana State University, Iowa, ESPN, American Gaming Association, Monday's LSU, National Basketball Association, Major League Baseball, National Hockey League, University of Connecticut, University of Southern, MLB, NBA, NFL, LSU, UConn, NC State, Wolfpack Locations: Albany , New York, Iowa, University of Southern California, BetMGM, South Carolina

ROGA members commit to work together on issues ranging from education, responsible gaming best practices, conscientious advertising and marketing across the industry. Justin Sullivan | Getty ImagesROGA says it will create a certification program to assess members' responsible gaming efforts and provide an incentive for operators to participate. Problem gamblingAn estimated 2 million U.S. adults meet the criteria for a severe gambling problem, according to the National Council on Problem Gambling. Another 5 million to 8 million U.S. adults are considered to have a mild or moderate gambling problem. Problem gambling prompted regulatory crackdowns in Europe and especially in the United Kingdom over the last couple years, impacting sportsbooks' profitability and changing the way they conduct business.

Persons: —, Jennifer Shatley, ROGA, Justin Sullivan, Shohei Ohtani, Ohtani, he's, Jontay Porter, There's, Paul Tonko, Tonko, PrizePicks, FanDuel, Milton Thompson, CNBC it's, it's, Silquia Patel, Eduardo Munoz Organizations: MGM PENN, Penn Entertainment, Online Gaming Association, D.C, Super, Los Angeles Dodgers, NBA, Toronto Raptors, Integrity, Temple University, National Council, . Rep, CNBC, DraftKings, Indiana Gaming, Caesars, American Gaming Association Locations: BetMGM, United States, Washington, Europe, United Kingdom, New York, Indiana, Rhode, Kentucky, East Rutherford , New Jersey, U.S

AUSTIN, Texas (AP) — Five races into NASCAR's 2024 season and Ford is in a funk. A Ford win in Austin would seem like a long shot in NASCAR's fourth run on a track built for Formula One. Photos You Should See View All 60 ImagesAnd while it’s still early, Ford drivers make up just three of the 16 available Cup playoff spots. Ford drivers point to some solid statistics, even if the major results are lacking. NASCAR vs F1The Circuit of the Americas is the only track used by NASCAR and F1, but the two racing series have vastly different styles.

Persons: Ryan Blaney, “, Tyler Reddick, Shane van Gisbergen, Chase Elliott, it’s, Blaney, haven’t, ”, Chris Buescher, We’ve, we’ve, ” Buescher, Chase Briscoe, Stewart, Haas, we've, ” Briscoe, Briscoe, Ford, van Gisbergen, It’s, Reddick, COTA, there's, I've, ” Reddick, they’ve, FanDuel Organizations: Ford, NASCAR, Circuit, Formula One, Toyota, RFK Racing, Haas Racing, Fords, Blaney's, COTA Locations: AUSTIN, Texas, Atlanta, Austin, Victory, Americas

NEW YORK (AP) — James Madison announced itself by beating a Big Ten team to start this season. Terrence Edwards Jr. scored 14 points and James Madison pulled off the first 12-5 upset of March Madness by beating Wisconsin 72-61 on Friday night. “Told the team, I’m proud of them, but not surprised,” James Madison coach Mark Byington said. James Madison opened the season with victory at Michigan State in November that moved the Dukes in the AP Top 25 for the first time in school history. “And we knew we belonged.”Only defending national champion and top-seeded UConn has won as many games this season as James Madison.

Persons: — James Madison, Dukes, “, ” Xavier Brown, Terrence Edwards Jr, James Madison, ” James Madison, Mark Byington, LIU, Max Klesmit, FanDuel, ” Byington, Klesmit, Noah Freidel, JMU, ” Friedel, ” Edwards, Greg Gard, Chucky Hepburn, ” Gard, Bickerstaff, Julien Wooden, ” Bickerstaff Organizations: Big, NCAA, Wisconsin, Badgers, Barclays Center, Atlantic Union Bank Center, Michigan State, Dukes, ”, UConn, Duke Locations: South Region, Brooklyn, Harrisonburg , Virginia, Atlanta, New York, ” Wisconsin, unfazed

☆ Fanatics fires back at DraftKings' claims of corporate espionage in bitter legal battle
▼ + stars: | 2024-03-22 | by ( Contessa Brewer | ) www.cnbc.com time to read: +1 min

Fanatics founder and CEO Michael Rubin at his office in New York. Sports merchandise giant Fanatics is firing back against sportsbook giant DraftKings in an ongoing legal fight over Fanatics' hiring of a top DraftKings executive. In February, Hermalyn accepted a position as the president of Fanatics VIP and head of Fanatics' Los Angeles office. He reports directly to CEO Michael Rubin. DraftKings is suing Hermalyn in federal court, arguing he downloaded confidential company documents and tried to recruit other employees away from DraftKings.

Persons: Michael Rubin, Michael Hermalyn, Hermalyn, DraftKings, Rubin Organizations: Sports, DK Locations: New York, Massachusetts, Los Angeles, DraftKings

☆ ESPN’s model is eroding. Past and present execs are split on how it can protect its dominance
▼ + stars: | 2024-03-21 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

For more than 40 years, the world's largest all-sports network has grown annual revenue by increasing cable subscription fees. In 2023, ESPN's monthly carriage fee was $9.42 per subscriber, according to data from S&P Global Market Intelligence. Since 2013, tens of millions of Americans have canceled their cable TV subscriptions, raising questions about ESPN's future in an increasingly fragmented media landscape. Second, in fall 2025 ESPN will launch its flagship streaming service that will include everything ESPN has to offer, both live and on demand. The product will go well beyond ESPN+, which exists as a $10.99 streaming service that doesn't include ESPN's most expensive programming, such as all of "Monday Night Football."

Organizations: Disney, ESPN, P Global Market Intelligence, CNBC, Warner Bros . Discovery, Fox, ESPN Bet

SUNRISE, Fla. (AP) — There’s a question that Florida Panthers general manager Bill Zito likes to ask people. “Bill takes in all opinions, but he does what he thinks is right,” Panthers coach Paul Maurice said. “We travel with this really high-end coffee maker,” Tkachuk said when told of Zito’s belief that good coffee is vital. He’s really involved with helping us with whatever we need, but he’s not overly involved like where he’s in your face every day. “Those players are committed and committed to winning and being selfless, who are really, really good people.

Persons: —, Bill Zito, “, Zito, He’ll, ” Zito, That's, he’s, It’s, Bill, Paul Maurice said, Matthew Tkachuk, Jonathan Huberdeau, Tkachuk, Vladimir Tarasenko, Gustav Forsling, ”, Aleksander Barkov, Sam Pollock’s, Matthew Caldwell, Aaron Ekblad, Sergei Bobrovsky, ” Tkachuk, Vincent Viola, Viola, it’s, He’s, FanDuel, Vinnie, ___ Organizations: Florida Panthers, Panthers, NHL, ” Panthers, Tkachuk, ’, Montreal Canadiens, Milwaukee Brewers, Yale, USA Hockey, ” Locations: Fla, Florida, Ottawa, Finland, Wisconsin, Columbus, It’s

☆ DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates
▼ + stars: | 2024-02-15 | by ( Micah Washington | ) www.cnbc.com time to read: +1 min

DraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%. For the last three months of 2023, DraftKings reported a net loss of $44.6 million compared with $242.7 million in the same period a year earlier. Losses per share improved to a loss of 10 cents versus a loss of 53 cents in 2022. DraftKings garnered 3.5 million average "monthly unique payers," a 37% increase from the same period in 2022. For 2024, the company is increasing its fiscal year guidance to between $410 million and $510 million compared to its prior guidance of between $350 million and $450 million.

Persons: DraftKings Organizations: LSEG Locations: Maine and Vermont

Berry, who drives for Stewart-Haas Racing and will make his Daytona 500 debut on Sunday, wished he had Swift sign a yearbook. “I would have already sold it by now,” he quipped Wednesday at Daytona 500 media day. For the Daytona 500, Hard Rock is taking bets on everything from winning driver and winning race team to top Ford, Chevrolet and Ford drivers. That’s the fastest I’ve ever accelerated because of the all-wheel drive and the torque.”YELEY BEHIND THE WHEELJ.J. Yeley was a late addition to the Daytona 500. DE FERRAN TRIBUTEAustin Cindric, the 2022 Daytona 500 winner, has dedicated this race to late open-wheel star Gil de Ferran.

Persons: — Taylor Swift, Josh Berry’s, Swift, Berry, Stewart, Haas, “, ”, Dang, ’ ” Berry, ” Berry, David Ragan, Ragan, ” Ragan, They’re, I’ve, Yeley, Greg Biffle, ” Biffle, FERRAN, Austin Cindric, Gil de Ferran, De Ferran, Cindric’s, Tim, Austin, ” “ Gil, ” Cindric Organizations: DAYTONA, Henderson, Daytona, ESPN Bet, NASCAR, Ford, Chevrolet, Martinsville Speedway, Toyota, EV, NY Racing, Team Penske, Penske, California Speedway Locations: Fla, Tennessee, Florida, BetMGM, Martinsville, Indianapolis

☆ ESPN Bet plans launch in New York, the largest U.S. betting market
▼ + stars: | 2024-02-13 | by ( Contessa Brewer | ) www.cnbc.com time to read: +2 min

ESPN Bet is coming to the Big Apple. Wynn Interactive, a subsidiary of Wynn Resorts, was awarded a New York mobile sports betting license in 2021. Penn was not — and it has missed out on the action from the nation's largest sports betting market. But Eilers & Krejcik estimated ESPN Bet came away with 8% market share when it launched in November, good enough to take a third-place position. Now, if New York gaming regulators sign off on the license transfer to Penn, ESPN Bet could provide new and potentially formidable competition in the nation's biggest sports betting market.

Persons: Wynn, Penn, Dave Portnoy, Portnoy, FanDuel, Shaun Kelley, Taylor Swift, Travis Kelce Organizations: ESPN Bet, Big Apple, Penn Entertainment, Wynn Resorts, Wynn Interactive, New, New York, Gaming Commission, ESPN, National Football League, Caesars, Krejcik, Bank of America, NFL, Kansas City Chiefs, Penn, CNBC PRO Locations: New York, Pennsylvania, BetMGM

States require a gambler to be physically located within their borders in order to make online bets. Throughout Super Bowl weekend, GeoComply saw a total of 8.5 million active accounts, up 15% from last year's Super Bowl. “It was a bad Super Bowl for the sportsbook," said Tristan Davis, a senior trader at BetMGM. DraftKings would not release figures Monday about its performance during the Super Bowl. Several sportsbooks also issued odds for next year's Super Bowl winner, with the 49ers slightly ahead of the Chiefs.

Persons: Anna Sainsbury, GeoComply, Sportsbooks, Craig Mucklow, Travis Kelce, Isiah Pacheco, Deebo Samuel, Brandon Aiyuk, Tristan Davis, bettors, FanDuel, sportsbooks, Wayne Parry Organizations: CITY, —, Super Bowl, U.S, The Kansas City Chiefs, San Francisco 49ers, NFL, Super, Chiefs, 49ers, Caesars Sportsbook, Caesars, Associated Press Locations: N.J, Florida, U.S, Las Vegas, Vancouver, Canada, The, BetMGM

☆ Leaving Las Vegas to High Rollers, Some 49ers Fans Chose Reno
▼ + stars: | 2024-02-12 | by ( Ken Belson | ) www.nytimes.com time to read: +1 min

Every Super Bowl Sunday, thousands of gamblers head to the Grand Sierra Resort and Casino, the largest of its kind in northern Nevada, to bet on the big game and party with fellow football fans. High rollers dine on all-you-can-eat buffets and the champagne flows in V.I.P. Some of the fans considered traveling to Las Vegas, where the Super Bowl was played for the first time this year. But they did not want to battle the crowds only to pay daunting prices for hotels and meals. Reno may lack the buzz of Las Vegas, they said, but the self-proclaimed Biggest Little City in the World had the benefit of being affordable and convenient, roughly a four-hour drive from the Bay Area.

Persons: William Hill Sportsbook Organizations: Sunday, Grand Sierra, Bowl, San Francisco 49ers, Little City Locations: Nevada, V.I.P, California, Las Vegas, Reno, Vegas, Bay

☆ These stocks have upside heading into earnings ahead, Bank of America says
▼ + stars: | 2024-02-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

CNBC Pro combed through Bank of America research to find attractive stocks heading into earnings. Global Payments Analyst Jason Kupferberg is doubling down on shares of the payment processing company heading into earnings on Feb. 14 . "If executed well, we still think integrations between ESPN's media app and ESPN Bet could drive sustainable high-single-digit market share," he said. "We are Buy rated on PENN given stable regional gaming trends and upside opportunity from ESPN Bet," Kelley wrote. … While disappointing at face, turnarounds are never a straight line and we think investor expectations for PENN & ESPN Bet remain low.

Persons: it's, there's, Jason Kupferberg, Kupferberg, GPN, Tal Liani, Liani, Shaun Kelley, that's, Kelley, Penn Organizations: Nvidia, Bank of America, CNBC, Arista Networks, Penn Entertainment, Global, Arista, Microsoft, TAM, Penn, ESPN, ESPN Bet, PENN, SG, Enterprise, SAP, VMWare, Dell, Penn Ent, Interactive, … Locations: Bank, CY25, 2H24

☆ Las Vegas hopes to hit the jackpot with the Super Bowl
▼ + stars: | 2024-02-10 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

CNN —When Super Bowl Sunday rolls around each year — whether it’s in Miami, New Orleans, Los Angeles or Minneapolis — Las Vegas still draws the crowds. It took years — and a Supreme Court ruling legalizing sports betting — for the National Football League to view Las Vegas in a different light. “We’re sold out, have been for the last month,” said Paul Hobson, general manager of the Sahara Las Vegas hotel-casino. “Las Vegas has a lot of people going there for Super Bowl weekend anyway,” Stephenson said. Additionally, the visitors it attracts spend a whole lot more than the ones who would show up on your typical Super Bowl weekend, Hill said.

Persons: they’ve, Steve Hill, ” Hill, “, Hill, We’re, ”, Paul Hobson, It’s, Aaron J, Thornton, famer Michael Irvin, ” Hobson, Noel Bowman, you’re, ” It’s, Bowman’s, “ We’ve, Vince Lombardi, Ethan Miller, Frank Stephenson, ” Stephenson, Kirby Lee, “ We’re, “ That’s, Winston Fisher, David Farris, Café Lola, George Kittle, Travis Kelce, Lin Jerome, Lola, Alexandra Lourdes, “ It’s, Felicia Parker, she’s, Parker, it’s, Harry Reid Organizations: CNN, Minneapolis —, Football, Super, Las Vegas Convention, Visitors Authority, Las Vegas, National Football League, Playmakers Party, FHM, famer, NFL, Sunday, Visitors, Las, Super Bowl, Priceline, Berry College, of Sports Economics, USA, Reuters, Bowl, Business Connect, ”, Harry, Harry Reid International Airport Locations: it’s, Miami , New Orleans, Los Angeles, Minneapolis, Vegas, Sin City, Las Vegas, Sahara, Mandalay Bay, Mount Berry , Georgia

☆ The odds that Travis Kelce proposes to Taylor Swift post-Super Bowl are heavily against you. You can bet on it anyway.
▼ + stars: | 2024-02-10 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

"It's been pretty incredible," Tim Williams, director of public relations for BetUS told Business Insider. "This is the very first time we've seen any off-field prop bets challenge or even overtake the half-time show." Propositions, or prop bets unrelated to gameplay are largely prohibited in the US. At BetOnline, the site offers 89 wagers — a reference to Swift's "1989" album — solely around Swift and Travis Kelce. Nobody is getting rich off of these prop bets, however, according to Williams.

Persons: Taylor Swift, —, She's, Tim Williams, Williams, Taylor, Swift, Travis Kelce, Will Donald Trump, Will Kelce, BetOnline, BetUS, that'll Organizations: Super, NFL, American Gaming Association, Service, BetUS, Business, BI Locations: Costa Rica, Panama, BetOnline

☆ Taylor Swift will lead to more betting on the Super Bowl, with one sportsbook benefiting in particular, analyst says
▼ + stars: | 2024-02-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Penn Entertainment's ESPN Bet sports betting service could prove to be a winner at the Super Bowl on Sunday — helped by the Taylor Swift effect, according to Bank of America. Morgan Stanley analyst Stephen Grambling calculates Swift could lead to about a 10% rise in viewership. These include proposition, or "prop," bets that aren't tied to the final score, such as "How many times will Taylor Swift be shown on camera during the telecast of the game?" or "Will the MVP mention Taylor Swift in his speech?" ESPN Bet especially could benefit because, compared with other sports betting platforms, it "may have a higher proportion of female bettors," Kelley wrote.

Persons: —, Taylor Swift, Travis Kelce, Shaun Kelley, Morgan Stanley, Taylor, Stephen Grambling, Swift, Grambling, Kelley, Clark Hunt, CNBC's, aren't, — CNBC's Michael Bloom Organizations: Penn, ESPN Bet, Bank of America, Kansas City Chiefs, NFL, Chiefs, ESPN Locations: Las Vegas, U.S

LAS VEGAS (AP) — Pro Picks is a weekly column where AP Pro Football Writer Rob Maaddi shares his picks for upcoming games. For all previous Pro Picks, head here. ___The underdog Kansas City Chiefs are playing for history against the San Francisco 49ers. Under Shanahan, the 49ers are 32-11 straight up and 28-14-1 against the spread when playing in the Pacific time zone for the second straight game. Pro Picks leans slightly toward the 49ers in a close one that comes down to Purdy having to lead the team to a comeback win for the third straight game.

Persons: —, Rob Maaddi, they’ve, FanDuel, They’re, Patrick Mahomes, “, ” Mahomes, “ I’m, it’s, Kyle Shanahan, Shanahan, Travis Kelce, Chris Jones, Brock Purdy, Christian McCaffrey, George Kittle, Samuel, Brandon Aiyuk, They’ve, Nick Bosa, Fred Warner, Dre Greenlaw, don’t, Purdy Organizations: LAS VEGAS, AP Pro Football, Kansas City Chiefs, San Francisco 49ers, Bowls, Chiefs, Buffalo, 49ers, Patriots, Rams, it’s, Super, All, 49ERS, Twitter Locations: Baltimore, Super, Francisco

“It's a family matter, so I'll keep it to the family,” Mahomes said at Super Bowl opening night. This Kansas City's fourth Super Bowl appearance over that span; the Chiefs lost to Tom Brady and the Tampa Bay Buccaneers following the 2020 season. Photos You Should See View All 45 Images“You always have nerves going into the Super Bowl,” Mahomes said. Now it's about going out and playing the game.”Another Super Bowl victory would further secure Mahomes' place in history. Brady's seven Super Bowl wins is a big number, even for the 28-year-old Mahomes, who, barring injury, is still in the early part of his career.

Persons: Patrick Mahomes, ” Mahomes, “, Mahomes, Tom Brady, Patrick Mahomes Sr, Guillermo Rodriguez, Jimmy Kimmel, Troy Aikman, Terry Bradshaw, Joe Montana, “ I'm, FanDuel Sportsbook, “ We've, Smith, It's, Jackson Mahomes, Aspen Vaughn, Jackson, Sean Taylor, Dave Skretta, ___ Organizations: LAS VEGAS, Kansas City Chiefs, Super, Chiefs, San Francisco 49ers, Tampa Bay Buccaneers, New England Patriots, Super Bowl, 49ers, Buffalo, Major League Baseball, Twins, Red Sox, Mets, Rangers, Cubs, Pirates, Ravens, AP Locations: Kansas, Tyler , Texas, Baltimore, Smith County , Texas, Johnson County , Kansas, Washington, Brittany, Kansas City , Missouri

☆ A millennial sports bettor who's wagered nearly $1 million on FanDuel shares the 7 things new gamblers should do — and avoid
▼ + stars: | 2024-02-03 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Read previewWhen states across the US started legalizing sports gambling in 2018, Jimmy, a New York-based sports bettor in his 30s, was ready. Since January 2022, Jimmy and his cousin have bet nearly $1 million through FanDuel and netted roughly $35,000 in winnings, according to a document viewed by Business Insider. Don't bet more than you're willing to loseJimmy said establishing a bankroll and unit size are important steps for new bettors. The unit size is the percent of the bankroll — Jimmy said ideally it's 1% — that gamblers dedicate to the typical bet. Despite his success with sports betting, Jimmy said he and his cousin both have part-time jobs.

Persons: —, Jimmy, FanDuel, Jimmy hasn't, they've, they'd, it's, bettor, parlays, shouldn't, Timothy Fong, Don't, he's, we'll Organizations: Service, Business, American Gaming Association, Sports, NCAA, NBA, WNBA, UCLA, Studies, National Council, Virgin Islands Locations: New York, Young, Canada, Virgin

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