Market research

STATSCORE’s Betting Industry Review 10/01/2022

Sports betting has arrived in New York,  while Covid-19 causes more disarray for US sports. Find out more with STATSCORE‘s Review!

  1. Sports betting has arrived in New York
  2. Tennis Channel expands WTA deal to four European countries
  3. Covid-19 strikes back against sports with the Omicron variant
  4. Unvaccinated Novak Djokovic denied entry into Australia
  5. New York Times buys The Athletic for $550m

Sports betting has arrived in New York

Four sportsbooks – DraftKings, FanDuel, Caesars, and Rush Street Interactive – have received approval to begin taking wagers.

Saturday, January 8, was the day when a huge moment arrived, as the legal betting was allowed to start.

“The long-awaited launch of online and mobile sports betting in New York – the largest online sports betting market by population in the United States – is here, and just in time,” Richard Schwartz, chief executive officer for Rush Street Interactive, said in a statement.

It is expected that the New York betting market could gross $667 million in revenue this year. Read more

Tennis Channel expands WTA deal to four European countries

The new two-year broadcast rights agreement will apply to Germany, Switzerland, Austria, and the Netherlands.

The United States-based Tennis Channel will show all WTA 1000, WTA 500, and WTA 250 events, and the WTA Finals, in the four countries.

Ken Solomon, Tennis Channel president, said: “This is about opening the funnel to what makes tennis great to a far larger audience. This WTA deal will allow us to show in that part of the world the full continuity of the sport and every single [women’s] match that has a television camera on it. It’s an opportunity to see the sport as it really and fully exists, which hasn’t been available up to now outside of the United States. This is a watershed moment. What we are now able to do is leverage a world-class, scalable infrastructure.” Read more

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Covid-19 strikes back against sports with the Omicron variant

More than 90 games postponed in the NHL, 11 in the NBA, and three in the NFL (all of that happened since Dec 13) – Covid keeps disturbing US sports.

The hyper-transmissible omicron variant of the virus has completely upended the protocols that American sports leagues had been using to move through the pandemic. Read more

Unvaccinated Novak Djokovic denied entry into Australia

World No. 1 and defending Australian Open champion Novak Djokovic, who is opposed to vaccination, had been granted a medical exemption to play in the tournament. The decision has infuriated many Australians.

The Serbian star has been transported to a quarantined hotel in Melbourne after being denied entry into the country despite the medical exemption he had been granted. Read more

New York Times buys The Athletic for $550m

US print media giant The New York Times is purchasing sports news site The Athletic for $550 million, the latest move in its strategy to expand its audience of paying subscribers.

The Athletic, an online sports news outlet with 1.2 million paid subscriptions and around 600 staff, is the second-largest employer of sports journalists in the US.

“We are now in pursuit of a goal meaningfully larger than 10 million subscriptions and believe The Athletic will enable us to expand our addressable market of potential subscribers,” said New York Times Co. CEO Meredith Kopit Levien. Read more

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