DraftKings partnership with ESPN
According to the DraftKings Bloomberg story published on Thursday, DraftKings is signing an exclusive sports betting partnership deal with ESPN. There are no specific details of the deal confirmed. The deal could be to see DraftKings odds integrated into ESPN broadcasts and develop joint content to be screened across ESPN networks.
DraftKings shares spiked by more than 12% in after-hours trading on the Nasdaq as reports concerning the partnership broke. As per ESPN, 19.85 million viewers tuned into the first ESPN Monday Night Football broadcast of the new NFL season. This means an excellent opportunity for Draftkings.
Walt Disney Group owns 80% of ESPN, and has expressed interest in expanding into sports betting to drive revenue and subscriptions to its broadcasts and digital networks.
In August, CEO Bob Chapek shared insights about Disney’s Q3 financial results. He said the global media giant was “working hard” on a deal, This would allow Disney to access sports betting as a revenue stream while meeting subscribers’ needs.
“In terms of sports betting, we have been in conversations for quite a long time now with several different platforms to add some utility to sports betting and remove some friction for that for our guests,” Chapek said. “We have found that our sports fans that are under 30 absolutely require this type of utility in the overall portfolio of what ESPN offers, so we think it’s important,” he added.
To add, Disney has a 10-year rights agreement with the NFL and has also signed a five-year deal with the league for the Monday night wild card game. The broadcaster also has a seven-year rights deal with the NHL.
Ohio sports betting is live: Caesars and PointsBet and more
The Ohio Casino Control Commission (OCCC) provided the proverbial green light to the first mobile sports betting operators batch on October 5. Operators include Caesars, PointsBet, SuperBook, bet365, and Betfred. All submitted applications for mobile management service providers (MMSP) licenses in concert with their land-based partners.
During the OCCC meeting, executive director Matt Schuler also shared, “Applicants are constantly barraging the staff as to when they are going to be on the agenda,” Schuler said. “They seem to believe that their application and circumstances are more important than every other applicant we have.” Schuler went on to liken the applicants to “petulant children” before stating in no uncertain terms how his office will handle similar overtures going forward. “My advice to the licensing division is every time an applicant calls with a ‘When are we going to be on the agenda?’ question, to move them to the bottom of the pile.” While Schuler didn’t mince words when it came to the unruly applicants, the meeting’s business agenda otherwise went off as planned.
In addition to the five MMSP licenses, the OCCC also provided conditional approval to 37 ‘Type C’ license applications. These allow licensees to house self-service betting kiosks in their bars, restaurants, and other lottery-vending businesses. The Commission has conditionally approved 847 Type C licenses, according to the state’s eLicense portal.
October 5 marked the deadline for applicants to submit information on critical employees and holding companies. The next significant date on the calendar is November 2. Applicants must submit plans for responsible gambling procedures, house rules, and compliance materials for approval.
Massachusetts aiming to launch sports betting in time for Super Bowl
The MGC spent eight hours debating the sports betting launch on Thursday. Afterward, they only shared that as the “most aggressive” timeline. Retail sports betting would launch in January 2023, followed closely by online sports betting launch in February 2023.
This wasn’t approved after the long debate meeting. MGC chair Cathy Judd-Stein expressed her reservations about the potentially accelerated launch. However, at the close of the marathon-long meeting, the proposed approval of the staggered rollout was not passed to a vote. And was ending a secondary meeting later that day. In comments reported by the Mass Live news website, MGC chair Cathy Judd-Stein expressed her reservations about the launch. “I am very concerned about the rate of our decision-making,” Judd-Stein said. “I am very concerned about our ability to move forward,” she added. MGC executive director Karen Wells defended the proposed schedule but suggested it relied on several independent factors which could come into play from a regulatory perspective.
“This is not a definitive timeline. This is a tool for discussion.” Wells said. “This is the most aggressive timeline, so there are certain assumptions that we would need to make in this timeline,” she added.
Commissioner Eileen O’Brien argued that the MGC must also target responsible gambling in every aspect of the launch. “I am concerned about, and I will say aggressive because I think this is an aggressive timeline. The conversation we’ve just been having about suitability. It appears to be a decision made for purposes of this timeline without a fulsome five-person commissioner conversation,” she said. Debate continues.
Related newsShow all news
Borgata Online Awards $3M Jackpot In Bison Fury
Bison Fury’s $2 bet turned into a fortune in Borgata’s $3M jackpot win. Learn more about this lucky slot and online winner from BetMGM here!
Everything We Know About Kindred Leaving The US
Unibet’s parent company, Kindred, exits the US. Explore the reasons behind their market exit and its effects on online gambling.