Market research

STATSCORE’s Betting Industry Review 22/02/2021

Will the Champions League format change from 2024 on? When will Canada legalize single-event betting? And is Utah Jazz the best team in the NBA? Let’s check out the news with STATSCORE’s Betting Review!

  1. UEFA outlines Champions League format changes
  2. Canada moves closer to legalizing single-event betting
  3. TikTok becomes official UEFA EURO 2020 sponsor
  4. Utah Jazz’s winning run brought bettors lots of money
  5. Ireland’s sports organisations want betting ads during live games banned

UEFA outlines Champions League format changes

UEFA’s new Champions League project would start in 2024 and have 36 teams involved. The Premier League resists expansion plans.Β 

The plans, coming into effect in 2024, would mean the number of Champions League games each season would go up from 125 to 225. There would be four additional group-stage rounds, and that part of the competition would run into January. Read more

Canada moves closer to legalizing single-event betting

Canada has got one step closer to legalizing single-event sports betting.

Bill C-218 passed overwhelmingly (303-15) in its second reading in the House of Commons, and will now enter into the last phase of hearings with the Justice Committee before moving to the senate and then to Governor-General for Royal Assent.

According to the Canadian Gaming Association, Canadians enjoy sports betting because they are wagering approximately $10 billion annually through
illegal bookmaking operations in Canada, usually operated by organized crime. Read more

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TikTok becomes official UEFA EURO 2020 sponsor

TikTok is the first digital entertainment platform to partner with the EURO 2020, aiming to become a home for football fans to share their passion when the tournament gets underway.

Video-sharing social platform, which is one of the most downloaded apps in the world, allows its users to share their short-form video contents that can have a duration from three seconds to one minute.

Guy-Laurent Epstein, marketing director of UEFA, said: β€œWe are delighted to welcome TikTok as a UEFA EURO partner, a company that has become one of the most talked-about digital entertainment platforms within the last year. Over the coming months, we are really looking forward to working closely with TikTok in order to provide fans globally with a unique and innovative UEFA EURO experience, which will give them the opportunity to connect and share their passion around one of the world’s premier sporting events.” Read more

Utah Jazz’s winning run brought bettors lots of money

For those who were betting on the Utah Jazz, the team’s winning streak has been a real money-making machine!

Utah’s nine-game winning streak came to an end with the loss against the Clippers, but they’re still winners of 20 of their last 22 games!

Jazz has had the best start in the franchise history, and went on a fantastic run against the point spread!

With a league-best 22-6 record, the Utah Jazz now sit atop nearly all NBA power rankings.Β  Are they also the sportsbooks’ favourites to win their conference? Read more

Ireland’s sports organisations want betting ads during live games banned

Two of Ireland’s top sports bodies, the Gaelic Athletics Association (GAA) and Gaelic Players Association (GPA), want the government to implement new regulations targeting gambling advertisements.

Both organizations have already implemented independent bans on gambling sponsorship, and are now arguing for the introduction of legislation at a national level. Read more

 

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