Market research

STATSCORE’s Betting Industry Review 22/03/2021

March Madness is here and records are set to be broken! What else is going on in the world of sports and betting? Find out with STATSCORE’s fresh Review!

  1. March Madness set to break $8.5bn betting record
  2. Massachusetts working on betting legalization
  3. Eight teams left in the Champions League. Who are the favourites?
  4. NFL signs $113bn media rights deal through 2033 season
  5. Leicester FC blame the pandemic for £67m loss
  6. Tokyo Olympics to be held without foreign fans

March Madness set to break $8.5bn betting record

March Madness is here! This edition of America’s top college basketball tournament is expected to be a slam dunk for betting businesses.

Filling our Match Madness brackets is extremely popular among US sports fans, but this year betting on the results is expected to break all the records. Thanks to the legalization of mobile betting (now available in 25 states), the wagers are expected to break the 2019 record of $8.5 billion. In 2020 the event was cancelled because of the Covid-19 crisis. Read more 

Massachusetts working on betting legalization

Massachusetts is one of the states in the US, where it is still illegal to bet on sports online. 

There is an ongoing debate on whether sports betting should be legalized, with some politicians saying gambling should only be allowed in casinos. On the other hand, people such as Senator Eric Lesser, claim that legalization would help with the economic recovery from the crisis caused by the pandemic, as it would generate millions of dollars in tax revenue annually. Read more

Eight teams left in the Champions League. Who are the favourites?

With Messi and Ronaldo gone, the 2020/2021 edition of the Champions League is entering its final stage.

The draw for the quarter-final stage of the Europe’s top competition has been made. How do the final eight stack up? Manchester City and Bayer Munich are seen as this year’s favourites! Read more

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NFL signs $113bn media rights deal through 2033 season

The new 11-year media rights agreement, worth over $100bn, will provide the league’s fans with more options to watch the games.

The deal was signed by Amazon, CBS, ESPN/ABC, Fox and NBC, which all currently broadcast NFL games.

“These new media deals will provide our fans even greater access to the games they love. We’re proud to grow our partnerships with the most innovative media companies in the market,” said NFL Commissioner Roger Goodell. Read more

Leicester FC blame the pandemic for £67m loss

Premier League club has announced heavy losses for the year ending May 2020, caused by the COVID-19 crisis.

The losses can be partly explained by player signings, investment in a new training ground, land around the King Power Stadium, but the club said that lockdown led to considerable costs in the final three months of the accounting period.

“Principal costs such as the majority of the club’s contribution to the Premier League’s broadcaster rebate, were borne in the accounts before the year-end, while the extension of the season’s conclusion has meant almost a quarter of Premier League revenues, prize money and sponsorship revenue will be not recognised as income until the 2020/21 financial year,” a statement said.

Leicester are currently third in the Premier League table. Read more

Tokyo Olympics to be held without foreign fans

Overseas fans will not be allowed to attend this summer’s Olympic and Paralympic Games in Tokyo.

“Currently, the Covid-19 situation in Japan and many other countries around the world is still very challenging and a number of variant strains have emerged, whilst international travel remains severely restricted globally. Based on the present situation of the pandemic, it is highly unlikely that entry into Japan will be guaranteed this summer for people from overseas” – reads the joint statement of the International Olympic Committee, International Paralympic Committee, Tokyo metropolitan government, the Tokyo 2020 organising committee and the government of Japan. Read more

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