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☆ NFL underlines gambling policy for players with six ‘key rules’ after recent spate of violations
▼ + stars: | 2023-06-21 | by ( Ben Morse | Wayne Sterling | ) edition.cnn.com time to read: +3 min

CNN —The NFL has stiffened its gambling policy for players by introducing six ‘key rules’ after a recent spate of violations. Don’t bet on the NFL;2. And don’t bet when you’re at work, wherever work happens to be in that moment. Rodgers added he made an “error in judgment.”In April, the NFL suspended five players for violating the league’s gambling policy. Moore of the Detroit Lions and Shaka Toney of the Washington Commanders were suspended indefinitely for betting on NFL games during the 2022 season.

Persons: Don’t, ” Jeff Miller, “ Don’t, That’s, you’re, ” Miller, Isaiah Rodgers, Rodgers, ”, Quintez, . Moore, Shaka Toney, Stanley Berryhill, Jameson Williams, Calvin Ridley, Roger Goodell, ” Goodell, “ We’ve, foolproof Organizations: CNN, NFL, Indianapolis Colts, Detroit Lions, Washington Commanders, Lions, Jacksonville Jaguars, Atlanta Falcons, Spring League Locations: Minnesota

☆ Fanatics' first big sports-betting acquisition could reignite M&A in the sector, as rumors fly and buyers 'smell blood in the water'
▼ + stars: | 2023-05-18 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +7 min

Fanatics' first big sports-betting acquisition could be the spark that reignites M&A in the sector. Industry insiders speculate on what deals could come next. It's go time for M&A in sports betting as newcomer Fanatics makes its first big acquisition in the sector and rumors fly about who will be snapped up next. On Sunday, Australia's PointsBet announced it had agreed to sell its US operations to Fanatics' betting and gaming division for about $150 million in cash. "I think Fanatics smells blood in the water," said one industry consultant who had been following Fanatics closely.

☆ Players union warns agents over mobile betting apps in memo
▼ + stars: | 2023-05-02 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

NEW YORK, May 2 (Reuters) - The National Football League Players Association (NFLPA) has sounded the alarm about the use of sports betting apps, warning agents that the mobile gambling platforms can track their clients' activity, leading to stiff penalties. "We have confirmed that some states monitor/audit FanDuel and the other gambling apps to ensure that the companies are in compliance with state law," the NFLPA said in a memo on Monday seen by Reuters. It was as part of that monitoring that the NFL learned of the players using the apps at work in violation of NFL rules," it said. In March, Jacksonville Jaguars wide receiver Calvin Ridley was reinstated after serving one year of an indefinite suspension for violating NFL rules on gambling. "At no time should players open or use any mobile gambling app while at work."

☆ A 27-page report breaks down where the money is flowing in sports tech and the investors to watch. Here were 5 key takeaways.
▼ + stars: | 2023-03-22 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +7 min

Investment bank Drake Star broke down dealmaking in 2022 and what it means for the year ahead. Sports tech M&A activity in 2022, from Drake Star's Global Sports Tech Report 2022. Drake Star Global Sports Tech Report 2022The fourth quarter saw a surge in M&A volume with 67 deals, the most in the sector's recent history. More sports tech companies could explore public listings in the second half of the year. "Some of the IPO ready sports tech companies are expected to explore IPO/SPAC listings."

☆ Don't lose your life savings on your phone: A millennial with a sports-betting addiction explains how he's cut back as March Madness hype mounts
▼ + stars: | 2023-03-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

James said sports betting was a way to "lose your life savings on your phone." But sometimes gambling addiction gets you to do crazy things." While the highs were "exhilarating," James said, gambling began to take over his life. After downloading a sports-betting app, he began by betting roughly $50 to $100 at a time on anything from baseball to hockey to tennis. But then he started winning — at one point winning roughly 14 of 16 bets — which he said was the "worst thing" that could have happened to him.

☆ 9 deals that could shape US sports betting this year, as pent-up demand for M&A could bring operators like Fanatics back to the negotiating table
▼ + stars: | 2023-03-02 | by ( Ashley Rodriguez | Lucia Moses | ) www.businessinsider.com time to read: +5 min

Sports-betting insiders say there's pent-up demand for M&A in the industry after dealmaking slowed to crawl last year. That may mean fewer media and other deals that don't offer a clear return on investment or cost efficiencies.. That may mean fewer media and other deals that don't offer a clear return on investment or cost efficiencies. One thing we may see less of this year is operators looking to bring their entire tech stacks in-house, like when Bally's acquired Bet.Works and PointsBet bought Banach Technologies. Here are nine potential deals industry insiders are watching in 2023, and how they could shake up the industry:

☆ DraftKings stock surges after sports-betting company boosts outlook
▼ + stars: | 2023-02-17 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Shares DraftKings surged Friday morning after the sports-betting company reported stronger-than-expected revenue and raised its outlook for 2023. The bump in stock comes on the heels of DraftKings being the most downloaded sportsbook app in the U.S. on Super Bowl Sunday, according to the company. Analysts polled by Refinitiv had anticipated a loss of 59 cents per share on revenue of $800 million. DraftKings is raising its fiscal year 2023 revenue guidance to a range of $2.85 billion to $3.05 billion from the range it announced in November, $2.8 billion to $3 billion.

☆ Super Bowl Betting Garners Lackluster Winnings for Sportsbooks
▼ + stars: | 2023-02-13 | by ( Katherine Sayre | ) www.wsj.com time to read: 1 min

Sunday’s Super Bowl marked a record-setting day for sports-wagering activity in the U.S., but the outcome of the dramatic game produced lackluster results for sports-betting companies in terms of profits, according to analysts and sportsbook executives. Sports bettors’ money favored the Philadelphia Eagles winning the game, making the Kansas City Chiefs’ victory a win for the sportsbooks. But the high final score of 38-35 handed a win to bettors who favored the over on total points scored. Big performances by stars like the Chiefs’ MVP quarterback Patrick Mahomes also translated to some winning payouts for prop bets on individual players’ stats.

FanDuel expected to handle more than 17 million Super Bowl bets. GeoComply , a company that verifies the locations where gamblers are betting, saw 100 million sports betting transactions this Super Bowl weekend, an increase of 25% over last year. It was a record-breaking Super Bowl for sportsbooks as gamblers ponied up across the United States. "This was BetMGM's most successful Super Bowl and most bet on single game sporting event ever," the company told CNBC. Already, sportsbooks are accepting wagers for next year's Super Bowl, which, for the first time, will take place in America's gambling capital – Las Vegas.

☆ An estimated $16 billion worth of bets will be placed on the Super Bowl
▼ + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

New York CNN —With more states legalizing gambling on sports, Super Bowl LVII will probably be the biggest event for the industry ever. But how will casino and online/mobile sports betting companies stand out in an increasingly crowded field? “We have prepared for this Super Bowl like never before,” Greenblatt said. That’s more than double the number of wagers on last year’s Super Bowl. That’s different from 2021 when customer growth was being rewarded.”That being said, both DraftKings and FanDuel still plan to advertise during this year’s Super Bowl.

☆ Want the S&P 500 to gain 10% this year? A Super Bowl win by the Philadelphia Eagles may be your best bet
▼ + stars: | 2023-02-12 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

The Philadelphia Eagles and the Kansas City Chiefs will face off in Super Bowl LVII on Sunday in Arizona. An analyst said historic data suggests a win by an NFC team will produce a 10% return for the S&P 500 this year. Maybe not," Detrick wrote about this year's Super Bowl. From that viewpoint, stock investors may want to see the Chiefs win their third Super Bowl. Before Sunday's game, the S&P 500 has risen about 6% in 2023, and there's been a rotation in market leadership since 2022's dismal end.

☆ Super Bowl showdown to provide betting bonanza
▼ + stars: | 2023-02-11 | by ( Frank Pingue | ) www.reuters.com time to read: +3 min

Feb 11 (Reuters) - The Super Bowl has long been the single biggest sports betting event of the year in the United States and Sunday's showdown in Glendale, Arizona could reach new heights as wagering on the NFL's championship game has exploded in popularity. "The fact that the Super Bowl is being played in a state where you can legally bet on sports was almost unthinkable five years ago," American Gaming Association (AGA) President and CEO Bill Miller told Reuters. "There is important symbolism and economics around the fact that a Super Bowl is being held in a state where sports betting is legal, no question about that." A survey by the AGA, a trade group for the U.S. casino industry, showed a record 50.4 million American adults, or about 20% of the population, are expected to bet $16 billion on the Super Bowl. "It isn't necessarily something new as far as the Super Bowl but I think we are paying more attention to it now because more people have access to bet."

☆ A record number of Americans are betting on the Super Bowl this year
▼ + stars: | 2023-02-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

A record 50 million Americans are expected to bet on the Super Bowl. Over 50 million Americans — or roughly one in five US adults — are projected to place a bet on the Super Bowl, per an American Gaming Association survey conducted last week of over 2,100 Americans. If you've ever participated in a Super Bowl squares contest, you might not have thought of it as gambling, but the AGA counted these people among the bettors. For the first time, however, the AGA said it's projecting the number of traditional Super Bowl bettors — through online or retail sportsbooks — to exceed the number who bet casually with friends or through a squares contest. That's 30 million projected traditional bettors to 28 million casual, with some people expected to participate in both formats.

☆ With record Super Bowl wagers expected, here are Wall Street's top sports-betting stocks
▼ + stars: | 2023-02-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The names were a member of Roundhill Sports Betting & iGaming ETF , VanEck Gaming ETF , and/or iBet Sports Betting & Gaming ETF . Of the gaming companies on the list, Caesars Entertainment has the most upside to the average analyst price target, 26.2%. Caesars gaming empire includes Caesars Sportsbook, which came out of the company's 2021 $4 billion acquisition of William Hill . MGM Resorts follows with 23% upside to the average analyst price target. The stock, which has gained nearly 6% so far this year, has 11% upside to the average analyst price target.

☆ Entain's shares tumble as MGM scraps buyout plan
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: 1 min

Feb 9 (Reuters) - Shares of Entain plc (ENT.L) tumbled up to 13% on Thursday after the U.S-based MGM Resorts International (MGM.N) said it had "moved on" from pursuing an offer for the British gambling firm. MGM Chief Executive William Hornbuckle said in a post-earnings call on Wednesday that although it remained focused on online sportsbook BetMGM - a joint venture with Entain - it saw great potential in the expansion of Swedish online gaming company LeoVegas, which it bought last year. Entain's shares fell as much as 13% to an over one-month low of 1365.5 pence in morning trade. Reporting by Radhika Anilkumar in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Record 50.4 million Americans to bet on Super Bowl
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

[1/2] Feb 6, 2023; Phoenix, AZ, USA; General view as the Philadelphia Eagles speak with media during Super Bowl Opening Night at Footprint Center. Mandatory Credit: Kirby Lee-USA TODAY SportsFeb 7 (Reuters) - A record 50.4 million American adults, or about 20% of the population, are expected to bet $16 billion on Sunday's Super Bowl matchup between the Philadelphia Eagles and Kansas City Chiefs, the American Gaming Association said on Tuesday. Helping to drive the numbers is the expansion of legal sports betting in the United States where the AGA said live, legal sports betting markets are available in 33 states and Washington D.C. This year's Super Bowl will be played in Glendale, Arizona, which will mark the first time the championship game is being hosted in a state where sports gambling is legal. Reporting by Frank Pingue in Toronto; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ Fanatics to start livestreamed shopping of trading cards, collectibles
▼ + stars: | 2023-02-02 | by ( Ian Thomas | ) www.cnbc.com time to read: +7 min

The Washington Post | Getty ImagesFanatics is moving into livestreamed shopping around collectibles and trading cards, hiring a former Snap and Alphabet executive to launch its new business later this year. Fanatics Live, which will have a standalone app and a coinciding website, plans to launch in the second half of 2023. Only 31% of U.S. adults have even heard of live shopping, with just 22% saying they've participated in a live shopping event, according to a December poll by Morning Consult. Ebay, which said it saw trading card sales increase 142% in 2020, acquired trading card marketplace TCGPlayer for $295 million in August. While Fanatics Live could move into other forms of entertainment and collectibles over time, it will solely focus on trading cards initially.

☆ Penn's sports betting business posts head-turning fourth quarter profit
▼ + stars: | 2023-02-02 | by ( Contessa Brewer | ) www.cnbc.com time to read: +3 min

Penn Entertainment on Thursday became the first U.S. gambling company to post a profit in its sports betting business during the final three months of a year. Usually, it's tougher to turn a sportsbook profit during the third and fourth quarters because companies spend more on marketing and promotions during football season. Penn's interactive business, which also includes online casino games, made a $5.2 million profit on $208 million in revenue during the fourth quarter of 2022. Caesars also took a hit from Mattress Mack's baseball bet, which blocked its own ability to turn a profit in sports betting in the fourth quarter, according to results pre-released as a result of a debt refinancing. Still shares declined Thursday, after CEO Jay Snowden, on an earnings call, blamed overall lackluster fourth quarter earnings on bad weather in December.

☆ Super Bowl 57: Chiefs and Eagles to meet for title in Arizona
▼ + stars: | 2023-01-30 | by ( Associated Press | ) www.nbcnews.com time to read: +1 min

There are no shortage of storylines: Kansas City coach Andy Reid goes against his old team — which he led to Super Bowl 39 — in a game that’s also the first matchup of Black starting quarterbacks in the Super Bowl with Mahomes and Philadelphia’s Jalen Hurts. This was their fifth straight trip to the AFC title game and will be their third Super Bowl appearance in that span. The Eagles clobbered the Niners 31-7 in the NFC title game earlier Sunday. Philadelphia is back in the Super Bowl five years after beating the New England Patriots 41-33 on Feb. 4, 2018. Now a mostly new generation of Eagles — led by coach Nick Sirianni and Hurts — will come to Arizona to try and win another title.

☆ Companies Tap Tech Behind ChatGPT to Make Customer-Service Chatbots Smarter
▼ + stars: | 2023-01-24 | by ( Katie Deighton | ) www.wsj.com time to read: +7 min

Businesses hope the artificial-intelligence technology behind ChatGPT can turn ordinary chatbots into impressive fonts of information, potentially transforming customer service. But customer-experience executives said overreliance on such AI models could lead to companies dishing out incorrect information to customers online without knowing they are doing so. Some executives hope the technology that drives ChatGPT might also improve customer-service chatbots. But companies should exercise care when dealing with the new AI, Mr. Truog said. Nice is also working on building OpenAI’s language models into chatbots, Mr. Willcutts said, adding that the company plans to run more tests and fine-tune more models before selling its own take on ChatGPT to clients.

Fanatics is in discussions to acquire the BetParx sportsbook, as the sports merchandising company looks to take a bigger position in sports betting, according to people familiar with the matter. Representatives for Fanatics and BetParx declined to comment. Fanatics has been seeking a deal in the sports betting space for some time. The company is opening Fanatics Sportsbook at FedExField, the stadium of the NFL's Washington Commanders. Last year, Fanatics' billionaire executive chairman Michael Rubin sold his 10% stake in Harris Blitzer Sports Entertainment, the owner of the Philadelphia 76ers and New Jersey Devils, allowing Fanatics to enter the gambling space.

☆ FuboTV insiders describe how its 'doomed' sportsbook collapsed in a year — and what it means for the future of the streaming company
▼ + stars: | 2023-01-19 | by ( Colin Salao | Ashley Rodriguez | ) www.businessinsider.com time to read: +22 min

But despite the MetLife lounge remaining open throughout the 2021-22 NFL season, the Fubo Sportsbook wouldn't launch in New Jersey until the following one, in September 2022. "It was doomed from the start," one former Fubo Gaming staffer told Insider. Meanwhile, Rattner — whom the first former Fubo gaming staffer described as a "good talker" — sustained the startup's more youthful culture. The Fubo Sportsbook launched in New Jersey on September 7, days before the first Jets home game. A promotional image from when the Fubo Sportsbook went live in New Jersey in September 2022.

☆ FanDuel's Amy Howe tries to balance pragmatism, humility, and profitability — all while being a trailblazer in a male-dominated industry
▼ + stars: | 2022-12-28 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

As the CEO of FanDuel, Amy Howe accomplished a feat this year that so far no other US sports-betting platform has been able to achieve: profitability. Seeking constant innovationThis year Howe launched FanDuel TV, a 24-hour television network, which features a mix of studio programming and live sports. She also sealed deals with the WNBA and the New York Yankees, making FanDuel the official sportsbook partner and official daily fantasy partner for the league and team. At the SBC Summit North America trade show and conference this year, she described the female market as an "untapped opportunity" and detailed a number of FanDuel's initiatives to bring more women bettors into the fold. "We're always a little bit paranoid about making sure that we can continue to maintain that position," Howe told Insider last year.

☆ Fanatics salaries: Pay data shows how much the merch giant offers for tech and other jobs, as it expands into sports collectibles, betting, and more
▼ + stars: | 2022-12-21 | by ( Ashley Rodriguez | Colin Salao | ) www.businessinsider.com time to read: +12 min

Recent work-visa data shows how much the company offers to pay certain staffers. Salaries in the data ranged from $57,100 to $233,200 for mainly tech jobs in its retail division. It included base salaries for mainly tech jobs in the retail division, ranging from a data engineer position that would make $110,000 per year to a director of product management that would earn between $201,968 and $231,750 per year. For example, the data included a pay rate of $125,486 to $130,000 for an experimentation strategist position. Here were the salaries for jobs at Fanatics SPV:Director, Influencer Relations : $195,042 to $200,000: $195,042 to $200,000 Senior Platform Engineer: $144,726 to $165,000This story has been updated to reflect the latest available data.

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☆ Drew Brees fakes lightning strike in promotional stunt for online sportsbook
▼ + stars: | 2022-12-02 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Legendary New Orleans Saints quarterback Drew Brees faked being struck by lightning as part of a promotional stunt for betting company PointsBet. Brees confirmed in a subsequent video that he's perfectly fine and "buzzing" about the sportsbook's latest offer involving its "lightning bets," which allow users to make in-game wagers. The stunt comes as online sportsbooks gain popularity and fight for customers. "I would say this is probably one of the worst decisions he's made as a public figure." Brees is an ambassador for PointsBet, which trades on the Australian Stock Exchange and has operations in the United States, Canada and Ireland.

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