Market research

STATSCORE’s Betting Industry Review 07/02/2022

Will this be the biggest Super Bowl ever for online sports betting? The industry is breaking records in the US! Find out more with STATSCORE‘s Review!

  1. Will this be the biggest Super Bowl for online sports betting?
  2. Premier League clubs spend £295 million in January transfer window
  3. New Yorkers have wagered over $1 billion in just 3 weeks
  4. BT in exclusive talks with Discovery regarding sports rights
  5. Beijing Olympics has started amid controversy

 

Will this be the biggest Super Bowl for online sports betting?

The Los Angeles Rams will meet the Cincinnati Bengals in Super Bowl LVI on Sunday, February 13, after both sides produced fantastic comebacks to win their Conference Championships.

The game itself is expected, as always, to break TV audience records, while US betting companies are ready to score their own financial touchdowns.

The popularity of sports wagering keeps growing in the US since the 2018 decision of the Supreme Court which allowed all states to set up legal sportsbooks.  This year is widely expected to become the biggest one yet for the industry — and that’s because it’s the first Super Bowl since New York State legalized mobile betting. Read more

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Premier League clubs spend £295 million in January transfer window

EPL’s clubs’ spend of £295m in the 2022 January transfer window is over four times higher than the spend during January 2021 (£70m), making it the second-highest January transfer window spend ever, according to Deloitte.

Newcastle United’s new Saudi-led consortium signed deals including Bruno Guimaraes for £35m from Lyon, and Chris Wood from Burnley for £25m, spending a league-high of £85m in total.

Dan Jones, head of the Sports Business Group at Deloitte, said: “This transfer window indicates the financial pressures of COVID on Premier League clubs are easing, with spending firmly back to pre-pandemic levels and remarkably among the highest we’ve ever seen in January.”  Read more

New Yorkers have wagered over $1 billion in just 3 weeks

Is everyone in New York betting on sports? The records are certainly being broken!

New Yorkers have already placed more than $1.1 billion in less than a month since online betting began, shattering a previous U.S. record set by Arizona for the highest opening wagering handle.

Online sports betting is currently available with the following companies: Caesars Sportsbook, DraftKings, FanDuel, Rush Street Interactive, Bally Bet, BetMGM, Wynn Interactive, PointsBet and Resort World Bet. Read more

BT in exclusive talks with Discovery regarding sports rights

BT has chosen joint venture business with the US pay-TV firm Discovery over a sale to DAZN.

The merger would include BT Sport, which has rights to sports including the Premier League and Champions League.

The decision to combine with Discovery is a blow to the sports streaming business Dazn. Read more

Beijing Olympics has started amid controversy

Beijing has just become the only city to host both the Summer and now the Winter Games. The organizers of the event have to deal with numerous challenges due to harsh COVID restrictions, and a diplomatic boycott of the games over human rights violations.

There are several factors that make these Olympic Games unusual, including the existence of strictly managed “bubbles” created to stop the spread of the virus. Moreover, there’s a confrontation over China’s human rights record, which resulted in a diplomatic boycott by numerous governments. Read more

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