Market research

STATSCORE’s Betting Industry Review 16/05/2022

US sees record betting revenues, Champions League gets new format, and Netflix renews F1 docu-series – here comes the fresh edition of STATSCORE’s Review!

  1. US betting revenue hit all-time high $4.3bn in 2021
  2. Champions League to become a 36-team tournament from 2024
  3. F1 renews with Netflix’s ‘Drive To Survive’ for seasons 5 And 6
  4. Sports betting is officially arriving in Kansas
  5. BT and Warner Bros Discovery to create new premium TV business

US betting revenue hit all-time high $4.3bn in 2021

2021 saw a record-setting growth for the US gaming industry after COVID-19 drove revenues to all-time lows in 2020, according to the American Gaming Association’s State of the States 2022 report.

Sports betting brought in $4.3 billion in 2021 revenue, which marks its best year in history, with a 179.7% increase from 2020. New Jersey led the way with $816 million in revenue.

2022 is poised to be another record-breaking year, as more states, including New York, have been opening their mobile betting markets. Read more 

Champions League to become a 36-team tournament from 2024

Under the new rules approved by UEFA, the number of teams in the Champions League group stage will grow from 32 to 36 from 2024-25.

The current format sees teams drawn into eight groups of four, with teams playing each other home and away over six games. The new system will see all clubs placed in one great table based on points and goal difference (though, of course, each team is not going to play all of the others).

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Each club will play eight league-stage marches against different opponents, with four home ties and four away. The best eight clubs will advance directly to the knockout stage, and those from 9th to 24th will compete in a two-legged play-off to progress. Read more

F1 renews with Netflix’s ‘Drive To Survive’ for seasons 5 and 6

Formula 1 and Netflix have confirmed that the highly popular series “Formula 1: Drive to Survive” has been renewed for a fifth and sixth season.

The Netflix show provides behind-the-scenes looks into the world of the various Formula 1 teams and drivers, including a lot of footage and talks happening away from the track.

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The docu-series has been credited with driving interest in the sport in recent years, especially in the United States, where Formula 1 had not been very popular before. Read more 

Sports betting is officially arriving in Kansas

Gov. Laura Kelly has announced she will sign a bill that legalizes in-person casino betting and allows up to 12 online sportsbooks, making Kansas the 35th state to legalize sports betting.

“If everything goes well, we could see some bets by the upcoming football season,” said Todd Allen, Kansas Racing and Gaming Commission government relations manager this week. Read more

BT and Warner Bros Discovery to create new premium TV business

Warner Bros. Discovery and British telecom giant BT Group have struck a deal to form a 50-50 joint venture, bringing together rights to sports including the Premier League, the Champions League and the Olympics.

The new business’s portfolio of sports rights will include UEFA’s Champions League and Europa League, Premier League games, Australian Open and Roland-Garros tournaments, Olympic Games, cycling Grand Tours including the Tour de France and Giro d’Italia, Premiership Rugby, UFC, and the winter sports World Cup season. Read more

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