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16 June 2021
09:47 hour

New opportunities in single-game sports betting

Reddit Stock Market

10/06/2021 - 20:38

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  1. SLING TV launches new DraftKings sports betting info channel (22/04/2021 - Reddit Stocks)
    Today, SLING TV, a leading live TV streaming service, launched a new exclusive sports betting information channel in collaboration with DraftKings. SLING TV subscribers and SLING Free users can now view real-time game scores and betting odds on the DraftKings Basketball channel. This new channel is just the beginning of how we plan to bring the DraftKings sports betting experience to SLING TV customers," said Michael Schwimmer, President, SLING TV. "We will continue expanding and enhancing our offerings to be the ultimate entertainment experience for sports fans." SLING TV will also launch DraftKings Baseball and DraftKings Hockey channels in the coming weeks. The expansion of the DraftKings sports betting information channels on SLING TV comes after the two companies announced a strategic agreement across DISH's portfolio of brands to bring DraftKings' sportsbook and daily fantasy experiences directly to its customers nationwide. DraftKings is a leader in the sports betting and daily fantasy sports space in the U.S. https://www.prnewswire.com/news-releases/sling-tv-launches-new-exclusive-draftkings-sports-betting-information-channel-301274397.html   submitted by   /u/gorays21 [link]   [comments]
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  2. International Game Technology expands its sports betting footprint in North Dakota (04/06/2021 - Seeking Alpha)

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  3. DraftKings Named an Official Sports Betting Partner of the NFL (15/04/2021 - Reddit Stocks)
    DraftKings Inc. (Nasdaq: DKNG) and the National Football League (NFL or the League) announced today that DraftKings will become an Official Sports Betting Partner of the League and extend its current relationship as the exclusive Official Daily Fantasy Partner. “The way fans consume sports years from now will look drastically different, and it will be due in part to forward-thinking collaborations like our expanded relationship with the NFL today as an Official Sports Betting Partner and the exclusive Daily Fantasy Sports Partner,” said Jason Robins, CEO, chairman and co-founder, DraftKings. “We share the same vision as the NFL on fan engagement and believe this agreement will lead to new innovations that will ultimately enhance both the product on the field and on the screen.” As an Official Sports Betting Partner of the NFL, DraftKings will have the right to integrate relevant sports betting content directly into NFL Media properties including NFL.com and the NFL App. As part of the agreement, DraftKings will utilize the NFL’s official League data feed. DraftKings will also be able to enhance their fan experience with NFL highlights, footage and Next Gen States content. https://www.globenewswire.com/news-release/2021/04/15/2211253/0/en/DraftKings-Named-an-Official-Sports-Betting-Partner-of-the-National-Football-League.html   submitted by   /u/gorays21 [link]   [comments]
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  4. : New York approves legal online sports betting (06/04/2021 - Market Watch)
    Gov. Cuomo shared few details on how it would work, but in the past he has said he wants to run the state's sports betting industry through the New York Lottery
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  5. : Do I have to pay taxes on sports betting? The taxman could be coming for your winning bets (18/05/2021 - Market Watch)
    Bettors may have to pay federal and state taxes on sports betting winnings if certain thresholds are met
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  6. : Do I have to pay taxes on sports betting? The taxman could be coming for your winning bets (17/05/2021 - Market Watch)
    Bettors may have to pay federal and state taxes on sports betting winnings if certain thresholds are met
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  7. DraftKings acquires VSiN (30/03/2021 - Reddit Stocks)
    DraftKings today announced that it has acquired Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast and content company delivering trusted sports betting news, analysis, and data to U.S. sports bettors since 2017. The acquisition will enable DraftKings, which is live with mobile and/or retail sports betting in 14 states, to further build out its content capabilities and will augment VSiN’s ability to broaden their audience alongside the expansion of legal sports betting in the U.S. “VSiN creates authentic and credible content that resonates with sports bettors at every level, whether they’re experienced or new to sports betting,” said Jason Robins, DraftKings’ co-founder, CEO and Chairman of the Board. “In addition to its brand equity among sports bettors and engaging talent roster, VSiN also has an established infrastructure that DraftKings can immediately help expand, in the hopes of adding value to consumers who are looking to become more knowledgeable about sports betting.” VSiN, which operates out of Las Vegas, develops, produces, and distributes up to 18+ hours of live linear sports betting content each day. In addition to its 24/7 stream, VSiN’s original content is accessible through multiple video and audio channels including Comcast Xfinity, Sling TV, fuboTV, Rogers’ Sportsnet, MSG Networks, NESN, AT&T Pittsburgh, Marquee Sports Network, a dedicated channel on iHeartRadio and TuneIn, as well as terrestrial radio stations throughout the country, and its growing slate of podcasts and betcasts DraftKings Acquires VSiN, Multi-Platform Sports Betting Broadcast and Content Company (yahoo.com)   submitted by   /u/gorays21 [link]   [comments]
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  8. Fubo Analysis - Why I Own It and Am Bullish Long term (24/04/2021 - Reddit Stocks)
    (Cross posted from Fubo’s investor subreddit and WSB) I’ve been meaning to get all of my thoughts into one place and now seems like the perfect time to do so after the stocks been down so much. I think a lot of people have let their emotions get to them and have just been thinking irrationally, as nothing has fundamentally changed. For context I own 1,142 shares at $24.55 avg cost. My fair value of this stock as of right now is $30 a share but I have a PT of $40 EOY. Anything around this price is an absolute steal. So why are people bearish on Fubo in the first place? There’s a lot of competition when it comes to live streaming services. This is definitely true, however a lot of these companies will never be profitable. The costs are plentiful and it takes a lot of subscribers to actually become profitable. I’ll explain why Fubo can become profitable a lot easier than other services later on. There’s obviously more bear cases, but that is the main one I wanted to talk about. Now onto some positive points and why I plan to hold Fubo for years. 75 million Americans have yet to cut the cord, and 43% said they plan to in the next 12 months. Fubo makes more money per user than any other streaming service ($70 per month and growing) Fubo’s main demographic is the most profitable when it comes to ad revenue. Fubo plans on eventually making $20 per user per month in ad revenue, already increasing 174% since last quarter. Now let’s get to what you all want to hear... sports betting. To put it in perspective of how big sports betting actually is, 140 million Americans placed a bet on some sporting event in 2008! (Yes, 2008. Years ago when not as many states allowed it). For even more perspective, Draft Kings has 565,000 active monthly users, and brought in $644M in revenue in 2020 (around $1200 per user). Their company is worth $25B. So why will sports betting help Fubo? Sports betting is extremely profitable, especially prop bets etc. (I’ll touch on this a bit later) Fubo did a survey amongst its users and said that 22% of their users would put $100 a month into sports betting. Before I go any further, I think it will be around 30-35% as people will join Fubo for the sports book alone, and the convenience of everything. Assumimg that Fubo grows as it has been, they would bring in around $300M alone in revenue off the sports book. (Doesn’t include Advertising and Subscription revenue.) This is nearly half of draft kings last year revenue, again, a $25B company. Fubo can place prop bets/betting slips of any game you’re watching. For example, you’re watching a Lakers game and Lebron gets fouled, they can place a betting slip for you to bet instantly that Lebron makes both free throws. Fubo can use your data from betting to make ad revenue even more profitable. Fubo is in a much better position than YouTubeTV because of their sports betting addition. Fubo could essentially run their subscription at a loss, and either undercut YTTV’s monthly price, or add back the channels that they lost (Turner Channels specifically). From then on it wouldn’t make sense to stay with YTTV, as Fubo has much more channels and RSN’s. Edit: if you have any concerns/questions just ask, trying to get better at analysis. I’ve studied this company more than any I have before, and am more confident long term than ever.   submitted by   /u/Cpayn3 [link]   [comments]
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  9. : Have you noticed how much gambling talk there is on sports TV? How we got here (19/03/2021 - Market Watch)
    Sports betting was illegal in the U.S. just three years ago
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  10. : Have you noticed how much gambling talk there is on sports TV? How we got here (19/03/2021 - Market Watch)
    Sports betting was illegal in the U.S. just three years ago
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  11. DraftKings Price Soars! Here is what caused DKNG price to go up! (01/03/2021 - Reddit Stock Market)
    Hey Everyone, Don't Sleep on DKNG ! DraftKings (Ticker: DKNG) is attracting positive attention from Wall Street after management raised its outlook for the year, saying revenue could reach $1 billion. Click here to read the original article of why DraftKings Price is Soaring! Management said revenue could be between $900 million and $1 billion this year, up from an earlier forecast of between $750 million and $850 million, as the sports calendar returns to normal and more users adapt to sports betting and interactive gaming. The number of “unique” players during the quarter rose 44% to 1.5 million. Last year, DraftKings was able to introduce mobile sports betting in Iowa, Colorado, Tennessee, and Virginia. It is live in 12 states with online sports betting. An additional 19 states are considering legislation to allow it. I am positive that DKNG is ready to ???? ???? ???? What do you think, How much can it go up?   submitted by   /u/xCastieL007 [link]   [comments]
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  12. New York officially approves legal online sports betting (07/04/2021 - Reddit Stocks)
    Much anticipated New York approval for its budget in the fiscal year 2022. New York Gov Cuomo has said he wants to run the state's sports betting industry through the New York Lottery, which is run by the government. Under his plan, the New York state Lottery would issue requests for proposals from only a few mobile betting operators, which it could then license out to other sportsbook operators. This is somewhat different from how other states run online sports betting. States like Pennsylvania and New Jersey allow for several casinos to legally operate, forcing higher competition for customers. In this case the state runs the lottery and the state gets the revenue. Stocks like DKNG up 2.52% after hours, MGM 1.13% AH, PENN 1.1% AH. As a long time DKNG holder I’m excited and hoping this can be a good catalyst. It’s only a matter of time as more and more states officially legalize online gambling. https://www.governor.ny.gov/news/governor-cuomo-and-legislative-leaders-announce-agreement-fy-2022-budget https://www.nydailynews.com/news/politics/new-york-elections-government/ny-cuomo-sports-betting-revenue-20210106-ukzlf4keorecvpkafplwyu767i-story.html   submitted by   /u/FormalExperience [link]   [comments]
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  13. : NFL announces first-ever U.S. sportsbook partnerships with Caesars, DraftKings and FanDuel (15/04/2021 - Market Watch)
    The NFL was the last major American sports league to sign official sports betting deals.
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  14. : Did you bet on sports this year? The taxman could be coming for your winnings (05/03/2021 - Market Watch)
    Bettors may have to pay federal and state taxes on sports betting winnings if certain thresholds are met
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  15. The Wall Street Journal: Sports media venture Overtime raises $80 million from Jeff Bezos, Drake, NBA stars and more (22/04/2021 - Market Watch)
    Overtime Sports Inc., which targets younger fans on digital and social platforms, has raised $80 million in funding to pursue plans including the launch of its own high-school basketball league, the company said. The sports media and entertainment venture also hopes to tap the broader interest in nonfungible tokens and sports betting.
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  16. The Wall Street Journal: Sports media venture Overtime raises $80 million from Jeff Bezos, Drake and NBA stars (22/04/2021 - Market Watch)
    Overtime Sports Inc., which targets younger fans on digital and social platforms, has raised $80 million in funding to pursue plans including the launch of its own high-school basketball league, the company said. The sports media and entertainment venture also hopes to tap the broader interest in nonfungible tokens and sports betting.
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  17. theScore Eyes Entry Into US Exchanges Following Reverse Split Stock Announcement (16/02/2021 - Reddit Stocks)
    America’s sports betting brands dominated the Wall Street markets in 2020, but while DraftKings and Penn National are catching all of the headlines, Canada’s theScore is proving to be one of the strongest performers in the financial market. Up nearly 900% over the last four months, theScore doubled its share value in February despite reporting $7.3 million in EBITDA losses in 2020’s closing quarter alone. ​ https://thedalesreport.com/sports-betting/thescore-eyes-entry-into-us-exchanges/   submitted by   /u/Smacdonald10 [link]   [comments]
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  18. New York sports betting hopes fade a bit (29/03/2021 - Seeking Alpha)

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  19. Bally's rolls into Virginia with sports betting (16/03/2021 - Seeking Alpha)

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  20. Sports betting legislation advances in key areas (23/04/2021 - Seeking Alpha)

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  21. Sports betting closer in both Maryland and Arizona (13/04/2021 - Seeking Alpha)

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  22. Sports betting upstart Rivalry raises $20M (02/03/2021 - Seeking Alpha)

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  23. Bally's strikes big sports betting deal with the NBA (04/03/2021 - Seeking Alpha)

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  24. Sports betting push in New York warms up again (06/04/2021 - Seeking Alpha)

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  25. Florida takes another crack at legalizing sports betting (25/02/2021 - Seeking Alpha)

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  26. Bally's stock highlighted as sports betting value play (24/02/2021 - Seeking Alpha)

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  27. Sports betting push in New York takes a turn for the better (01/04/2021 - Seeking Alpha)

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  28. Dave & Buster's said to be weighing sports betting options (01/04/2021 - Seeking Alpha)

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  29. March Madness sports betting handle estimated at $1.6B (04/05/2021 - Seeking Alpha)

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  30. FanDuel leads the way as New Jersey sports betting jumps 50% (16/03/2021 - Seeking Alpha)

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  31. Callaway, MGM rally after Topgolf sports betting pact (19/02/2021 - Seeking Alpha)

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  32. : S&P 500 bets on Penn National Gaming and Caesar’s in index reshuffle (13/03/2021 - Market Watch)
    The S&P 500 is betting on Penn National Gaming Inc. and Caesar's Entertainment Inc. amid increasing legalization of sports betting in the U.S.
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  33. : S&P 500 bets on Penn National Gaming and Caesar’s in index reshuffle (13/03/2021 - Market Watch)
    The S&P 500 is betting on Penn National Gaming Inc. and Caesar's Entertainment Inc. amid increasing legalization of sports betting in the U.S.
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  34. Fox gets bullish Wells Fargo upgrade on sports betting tailwind (09/06/2021 - Seeking Alpha)

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  35. FanDuel deal with Associated Press seen as positive for sports betting industry (25/05/2021 - Seeking Alpha)

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  36. DraftKings pops after setting high sports betting targets (09/03/2021 - Seeking Alpha)

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  37. DraftKings and DISH Network rally after partnering on sports betting (03/03/2021 - Seeking Alpha)

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  38. Fanduel nabs 40% online sports betting market share in U.S. (02/03/2021 - Seeking Alpha)

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  39. Wynn makes it ten states with sports betting after Virginia approval (05/03/2021 - Seeking Alpha)

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  40. BetMGM aims to take a quarter of all sports betting and iGaming action in U.S. (21/04/2021 - Seeking Alpha)

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  41. DraftKings and FanDuel break to big leads in sports betting race (17/03/2021 - Seeking Alpha)

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  42. WynnBET sports betting app lands approval in ninth state (10/02/2021 - Seeking Alpha)

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  43. Penn joins the S&P 500 Index with casinos and sports betting blazing hot (23/03/2021 - Seeking Alpha)

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  44. DraftKings, Rush Street higher after New York sports betting approval (07/04/2021 - Seeking Alpha)

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  45. DraftKings rallies after inking deal to be official sports betting partner of the NFL (15/04/2021 - Seeking Alpha)

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  46. Sports betting stocks cool off ahead of March Madness reports (24/03/2021 - Seeking Alpha)

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  47. New York sports betting faces political hurdles even as big payday looms (16/03/2021 - Seeking Alpha)

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  48. DraftKings, Barstool and Fanduel off to a blazing sports betting start in Michigan (17/02/2021 - Seeking Alpha)

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  49. March Madness leads to huge jump in sports betting app downloads (05/04/2021 - Seeking Alpha)

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