It has been almost a year since The Ringer partnered with FanDuel. Now they are further deepening their ties, announcing a partnership running through Feb. 2022. FanDuel is now the exclusive sports betting partner of The Ringer. The agreement is worth three times the brand’s July 2020 investment
The new deal means FanDuel is the only sports gambling or fantasy sports company to advertise on The Ringer going forward. The partnership will include more Ringer-related contests like the fantasy golf contests The Ringer has done around the Master’s Tournament. That and ‘The Ultimate Ringer’ weekly NFL gambling contest have been a few things to come from the relationship.
“The Ringer is part of our core strategy to reach, engage and build connections with fans in the US through compelling content creators,” said David Webb, VP of Media & Demand Generation, FanDuel Group.
“The Ringer network and the group of talent there bring a unique perspective to sports and sports betting,” Webb said. “We believe this combination will add continued value to our customers, fans, and audiences alike. As industry leaders, FanDuel and The Ringer will collaborate to deliver on FanDuel’s promise to be absurdly fan-focused through the Ringer’s localized and endemic storytelling.”
Spotify purchased The Ringer for nearly $200 million last year as a strong push into the podcasting space. This deal is another step towards their goal of eventually dominating the market.
“We are delighted to deepen our partnership with FanDuel on such a unique engagement across The Ringer’s portfolio,” said Angie More, Head of Global Podcast Sales at Spotify. “We’re ready to develop and execute more creative ideas that will elevate both brands in the eyes of sports and pop culture fans.”
Sports betting is now legal in 24 states across the country, with more possibly on the way by the end of 2021.