*By Michael Teich*
The NBA is continuing its push into the sports betting market. On Friday, the league announced on Cheddar that it inked a deal with UK-based Bet365, bringing its total partnerships with sports betting operators to five.
"Their brand is huge internationally," Kaufman-Ross told Cheddar. "They're one of the biggest players throughout Europe and other parts of the world."
The deal with Bet365 follows the same framework as its previous deals with MGM, FanDuel, FOX Bet, and William Hill. Each of these operators has the right to use official NBA data, utilize marks and logos to create a more authentic product, and will be promoted from NBA.com.
The NBA has been quick to embrace legalized sports betting after the U.S. Supreme Court struck down the federal ban in May 2018. It became the first major U.S. sports league to partner with a sportsbook operator after signing a deal with MGM in July 2018. The NBA monetizes these partnerships in a number of ways.
"In some of our deals, yes we get a royalty on the betting volume," Kaufman-Ross said. "In others, it's more like a flat fee, or a per state fee."
Currently, thirteen states have up-and-running legalized sports betting. Only four of those have true mobile betting. Five more states, plus Washington, D.C., have approved the practice, but sports betting in those regions is not yet operational. The U.S. has handled a total of $12.4 billion in sports bets since June of last year, and the legalization by more states will fuel growth even more, said Kaufman-Ross.
"There's a lot of growth that we think is going to come when new states come online and new states pass mobile betting. And I think what'll be really interesting is that what we've seen thus far, is once a state does pass a law with true mobile betting, it happens very quickly."
The United States Women’s National Team has settled its lawsuit over gender-based pay disparity with U.S. Soccer for $24 million. Filed in 2019, the settlement will end with all claims by the USWNT being resolved following a judge's dismissal of its case in 2020.
Coming off of the latest NFL season, Draftkings has plans for growth and new bettors to join its platform following what it saw as a record year of state legalization of sports betting and Super Bowl action. CEO Jason Robins joined Cheddar News to talk about what in store for the company in 2022, including labor issues leading to the postponement of the MLB's spring training games and the NCAA's March Madness. "There's a lot of really exciting stuff that happens in the first couple of rounds all the way through to the championship game. So typically we've seen incredible activity during March Madness on the betting side," Robins said.
PlayersTV is bringing sports viewers Athletes On Demand, a subscription platform to provide fans with thousands of hours of sports content from their favorite athletes. CEO Angela Bundrant joined Cheddar News to discuss the new rollout. "People can expect to receive content or buy into content on demand that comes from their favorite athletes," said Bundrant, listing star partners like the Phoenix Suns' Chris Paul and New Orleans Pelicans' C.J. McCollum.
Walker Ross, Assistant Professor of Sports Business Management at Florida Southern College, joins Business of Sports: The Beijing Winter Olympics 2022, where he says that actions Beijing and other Olympic host sites have been implementing to combat climate change has simply not been enough to offset their carbon footprint.
Olivia Harlan Dekker breaks down Thursday's primetime matchup between the 76ers and Bucks, NBA champion Richard Jefferson sets the scene for this weekend's All-Star Game, and Alex Monaco discusses who he's bullish and bearish on for Thursday's action.
The 15-year-old Russian Olympic figure skater Kamila Valieva found herself at the center of a scandal after a positive test for a banned substance became public. Valieva fell out of gold contention in the women's free skate after falling, avoiding a potentially embarrassing situation, where a medal ceremony would have been nixed had she won. Scott Hamilton, the retired American figure skater and Olympic gold medalist in the 1984 Games, joined Cheddar to break down the scandal. “It’s a team competition and every member of the team participated in that score and hers should be disallowed”.
Alex Monaco, host of the “The Bettor Half Hour” on MSG Networks and the “Sports Gambling with Moneyline Monaco” podcast, joins Cheddar Bets to give his last-minute tips before tonight's slate of games starts.
Sponsored by BetMGM
Richard Jefferson, host of the Road Trippin' podcast, NBA Today analyst, and NBA Champion, joins Cheddar Bets to break down All-Star Weekend festivities and to give his "Pick 6" for tonight.
Sponsored by BetMGM
BetMGM Host Olivia Harlan Dekker joins Cheddar Bets to break down tonight's big Bucks-76ers matchup -- likely Philly's last game without James Harden.
Sponsored by BetMGM
While many are excited to watch the final two NFL teams square-off and see which one ultimately takes home the trophy, some, on the other hand, are there for another mian attraction -- the commercials. Companies during this year's game are looking towards the future From electric vehicles, to robots, and crypto-currency, several first-time advertisers are expected to join long-time advertisers like Pepsi, Budweiser and Doritos during the NFL's biggest game. Tom Morton, Global Chief Strategy Officer at R/GA, joined Cheddar News' Big Game Special to discuss.
