As sports betting continues to become legal in more states, the topic has become more widely talked about and networks are adding more betting-related content to their programming.
However, the NFL in particular has always shied away from the topic, not allowing its TV announcers to mention lines during broadcasts. Yet, according to Michael McCarthy of Front Office Sports, that’s likely to change after the league lost an estimated $3- $4 billion during the pandemic.
The New Orleans Saints are close to making a deal with Caesar Entertainment to become the naming rights sponsor of the Superdome for the next two decades, as first reported by The Athletic.
With Mercedes-Benz’s current 10-year naming rights deal expiring in July, FOS notes that Saints owner Gayle Benson recently met with Caesar executives to finalize what could be a $10 million annual deal for 20 years.
“We do not have anything official to report as there is not a signed deal with any company at this time,” a Saints spokesman told The Athletic. “We continue to have conversations with numerous interested companies.”
McCarthy also notes that the NFL is also considering league-wide gambling sponsorships with Caesars, DraftKings, and FanDuel.
In an effort to bring in even more revenue outside of its $113 billion TV deal, which runs through the 2033 season, the league is looking to license data contracts, according to Front Office Sport’s Owen Poindexter.
Per CNBC, the NFL could seek up to $250 million per year in its next data distribution contract due to sports bettors driving up data rights.
The NFL is currently in partnership with Sportradar – a company that processes game and player data provided by the league before selling it to sportsbooks and other companies – and is in talks to renew its current deal, according to Poindexter.
With the NFL being the most popular league to bet on, sportsbooks are working to partner with NFL teams. So far, FanDuel, PointsBet, DraftKings, UniBet, Bet MGM, and Fox Bet all signed deals with teams between June and September 2020.
Four Major Sportsbooks Go Live in Louisiana Friday
Bettors in the state will also be allowed to bet on Louisiana college teams.
Friday will be a great day for sports gambling in Louisiana as DraftKings, FanDuel, Caesars, and BetMGM are set to go online at 9 a.m. ET.
Nearly two years after State Senator Cameron Henry introduced a bill to legalize sports gambling and residents successfully voted in favor of the measure, Louisianans will be able to wager on this weekend’s NFL conference championship games among other sports offerings.
BetFred, which partnered with Paragon Resort Casino in Marksville, was the first retail book in Louisiana in October 2021, according to Action Network.
All but a select few parishes in the northern part of the state will participate. The parishes not allowing their residents to gamble were the ones that voted against legalizing the practice in November 2020.
Those residing in Caldwell, Catahoula, Franklin, Jackson, LaSalle, Sabine, Union, West Carroll or Winn, you’ll have to go to the closest neighboring parish or city to place a bet. However, those residents can create an account, deposit, and withdraw funds on either of the four available sportsbooks.
Bettors in the state will also be allowed to bet on Louisiana college teams. Residents of New York and Illinois are unable to do so for their schools.
The four sportsbooks will pay a combined 25% tax between online and in-person betting to the state. Expect plenty of money to be flowing back to the state government.
Sports Media Rips Baseball Hall Of Fame For Barry Bonds Snub
“David Ortíz got the nod from 77% of voters. He was the only one to get more than the required 75% for induction.”
Performance-enhancing drugs are a non-starter for some Hall of Fame voters. “Some” in this case likely means about 34% of those with a ballot. It is the only explanation for Barry Bonds not getting in.
The Hall of Fame revealed its 2022 class on Tuesday night. David Ortíz got the nod from 77% of voters. He was the only one to get more than the required 75% for induction. Bonds finished second in the voting with his name showing up on 66% of the ballots.
Bonds and Ortíz were amongst a group of candidates who were considered controversial. Based on numbers and on-field performance, they, along with Roger Clemens, Alex Rodriguez, and Curt Schilling likely belong in the Hall of Fame. Bonds, Clemens, Ortiz, and Rodriguez have all been tied to the use of performance enhancing drugs and human growth hormone. Schilling has become something of a pariah in baseball due to his political extremism.
While cases can be made for all five men, the sports media seemed to zero-in on Barry Bonds. His exclusion drew a series of damning tweets and criticism of the Hall of Fame and its voters.
For the record, Barry Bonds is both the single season and all-time leader in home runs. He also holds the all-time record for walks and single season records for walks, on-base percentage, and slugging percentage. He is also a seven-time MVP and fourteen-time all star.
Wynn Resorts Plans To Cut Losses, Sell Sports Betting Unit For $500M
Wynn increased revenue from Q3 of 2020 at $370.5 million to $994.6 million in revenue in Q3 2021.
Due to high marketing costs to bring in new customers, Wynn Resorts is looking to sell Wynn Interactive, the company’s betting unit, for $500 million. Wynn Interactive was valued at $3 billion last year, according to the New York Post, and has grown in revenue and popularity. But the costs are proving to be too much to handle.
The WynnBET sportsbook has market access in multiple states including Arizona, Colorado, Indiana, Michigan, New Jersey, Tennessee, Virginia, Louisiana, and New York. It had also partnered up with NFL franchises and multiple professional athletes. Among these were the Indianapolis Colts, Detroit Lions, and New York Jets, along with Shaquille O’Neal, Tim Howard, and Chad Johnson.
Wynn increased revenue from Q3 of 2020 at $370.5 million to $994.6 million in revenue in Q3 2021. However, the company still remained at a net loss of $166.2 million during the quarter, down from a net loss of $758.1 million in Q3 2020.
Wynn is having to do a bit of backtracking and trying to cut their losses. They acquired a $1.5 billion line of credit from the Bank of China last September, with $100 million of it being planned to use to market the sports betting app for this year’s football season.
In another cancellation, Wynn was hoping to take the online sports betting division public via a SPAC merger with Austerlitz Acquisition Corporation but had to kiss that goodbye last November.
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