Jan 3, 2021; Denver, Colorado, USA; Las Vegas Raiders quarterback Derek Carr (4) throws a pass against the Denver Broncos during the second quarter at Empower Field at Mile High. Mandatory Credit: Ron Chenoy-USA TODAY Sports

NFL announces partnership with Caesars, DraftKings, FanDuel

The National Football League named Caesars, DraftKings and FanDuel as its first-ever U.S. betting partners on Thursday night.

Specific terms of the agreements were not announced, but the negotiations reportedly involve five-year deals that will pay the league just shy of $1 billion. The NFL has opt-out clauses it can invoke toward the end of the deals if desired.

The NFL could sign additional operator partnerships at a lower tier going forward, according to reports.

“As the sports betting landscape has continued to evolve in the United States, we have been thoughtful with our strategy and are excited to announce three partners who share the NFL’s vision and goals,” said Renie Anderson, NFL chief revenue officer and executive vice president of NFL partnerships in a release. “Working closely with Caesars, DraftKings and FanDuel, we will provide fans new and different ways of interacting and engaging with the sport they love.”

Caesars, DraftKings and FanDuel will have permission to use the NFL logo and team marks on their platforms. Additionally, the three companies receive the right to integrate sports betting content directly into NFL Media properties, including NFL.com and the NFL app.

Previously, the NFL had partnered with sportsbooks in Australia and Latin America.

–Field Level Media

Dec 14, 2020; Cleveland, Ohio, USA; Baltimore Ravens quarterback Lamar Jackson (8) celebrates with tight end Luke Willson (82) after he scored a touchdown during the first quarter against the Cleveland Browns at FirstEnergy Stadium. Mandatory Credit: Ken Blaze-USA TODAY Sports

Bettor loses $40k wager on Ravens’ final-play safety

A bettor lost a $40,000 wager when the Baltimore Ravens scored a safety on the final play of Monday night’s game, FanDuel confirmed to Field Level Media.

The bettor placed the wager on the Cleveland Browns +4.5 points on an alternate spread offered by FanDuel at -130. Kicker Justin Tucker put the Ravens up 45-42 when he connected on a 55-yard field goal with two seconds remaining.

After a touchback on the ensuing kickoff, Cleveland attempted a desperation play with two seconds on the clock. A short completion to Kareem Hunt led to a half dozen laterals, with a pair of fumbles recovered by the Browns in between. Wide receiver Jarvis Landry ultimately was pushed out of the back of the end zone by Ravens cornerback Marlon Humphrey for the final two points.

The 47-42 victory by Baltimore turned what appeared to be the winning ticket into a massive losing wager that had the potential to earn a net profit of $30,769.23.

–Field Level Media

New Jersey Sports Betting Handle Surges to $261M, Revenue ‘Just’ $11M As Bettors Exact Revenge

The good news for the New Jersey sportsbooks in the newly released revenue report for October is a large jump in handle from $186 million in September to $261 in October. The downside is that the bettors took a bigger bite of the books this month than usual, cutting revenue by more than half month-over-month from $24 million in September to “just” $11.7 million in October.

Overall that spells a 4.4 percent hold, down from 13 percent in Sept., which may be partly attributable to baseball (more on this below) and perhaps moreso a lot of “public” teams covering the spread in October NFL contests. The rise in betting handle is almost entirely attributable to the mobile/one sector, which grew from $105 million in September to $174 million in October. On-site sports betting inched up from $79 million in the prior month to $86 million.

Resorts Digital continues to lead the way by a lap on the revenue front, reporting $5.1 million in October, which is nearly half of the entire haul across all sportsbooks for the month. An arm of Resorts Casino, Resorts Digital figures represent DraftKings Sportsbook as well as BetStarsNJ.com.  We can no longer parse out which side is driving what, but based on prior figures we can safely say that DraftKings is responsible for the lion’s as well as the cub’s share. Let’s dig in a litter deeper now.

 

October Brick-and-Mortar Sportsbook Revenue:

  • Bally’s: $303K
  • Borgata: $120K
  • Golden Nugget: $46K
  • Harrah’s: $104K
  • Meadowlands (FanDuel Sportsbook): $1.1 million
  • Monmouth Park: $606K
  • Ocean Resort: $438K
  • Resorts: $97K
  • Tropicana: $15K

A spokesperson for FanDuel Sportsboook said: “Demand for the FanDuel Sportsbook continues to outpace our expectations with online handle 2.5 times higher than September and continued double digit growth in retail handle. It was an exciting month for bettors who won at a high rate on football and benefitted from our industry-leading pricing and odds boosts.”

October Online Sportsbook Revenue:

  • Bally’s (combination of CaesarsCasino & 888sport): $108K
  • Borgata (PlayMGM): $67K
  • FanDuel Sportsbook (Meadowlands): $2.43 million
  • Golden Nugget (PlaySugarHouse): $151K
  • Monmouth Park (William Hill and PlaySugarHouse): $609K
  • Ocean Resort (William Hill): $385K
  • Resorts Digital (combination of DK Sportsbook and BetStarsNJ.com):  $5.1 million
 

Read more New Jersey Sports Betting Handle Surges to $261M, Revenue ‘Just’ $11M As Bettors Exact Revenge on SportsHandle.

Daily Fantasy Sports Coming to (Most Of) Louisiana After Voters Approve Ballot Measure

Daily Fantasy Sports (DFS) are coming to the Bayou State after residents in most of the state’s 64 parishes voted in favor of a ballot initiative to allow residents of those parishes to play in online DFS contests.

According to the Times-Picayune, 47 of Louisiana’s 64 parishes voted in favor of legalizing online DFS contests, with most of those against it located in north Louisiana, while most parishes in the Baton Rouge, New Orleans and Lafayette areas voted in favor. DFS will be available only to those within the parishes that voted in favor — not statewide.

Because the Louisiana state constitution prohibits gambling, the legislation sponsored by state representative Kirk Talbot’s (R-River Ridge), which triggered the ballot initiative read, “participation in any fantasy sports contest … shall not be considered gambling.”  

 

Read more Daily Fantasy Sports Coming to (Most Of) Louisiana After Voters Approve Ballot Measure on SportsHandle.

Breaking Down The NHL’s Partnership With FanDuel

The wall separating the major U.S. sports leagues and sports wagering world continues to crumble with the announcement of two new deals involving Daily Fantasy Sports (DFS) and sportsbook operator FanDuel.

FanDuel in its newly minted partnership with the National Hockey League (NHL) has additionally refocused attention on what was its core business as it continues its efforts to establish itself in emerging Nevada-style sports betting marketplaces.  

On Monday, the number two DFS company announced a multi-year partnership with the NHL, making FanDuel the “exclusive official daily fantasy partner and an official sports betting partner of the NHL.” The new deal also allows FanDuel customers to gain access to what it calls “special prizing,” such as VIP experiences to NHL major events including its All-Star Game and Winter Classic outdoor hockey game.

Read more Breaking Down The NHL’s Partnership With FanDuel on SportsHandle.

So How Does This William Hill-FanDuel Copyright Infringement Lawsuit Play Out?

The post So How Does This William Hill-FanDuel Copyright Infringement Lawsuit Play Out? appeared first on SportsHandle.

As you may be aware by now, bookmaker William Hill US (WH) filed a lawsuit this week against FanDuel in New Jersey District Court, alleging copyright infringement, specifically for copying the company’s “How to Bet Guide” for its own guide in print and online.

The examples WH gives in its complaint, if true, are pretty damning.

“We are not litigious people but this is ridiculous,” William Hill CEO Joe Asher said in a statement to ESPN. “If the court finds in our favor, a portion of the proceeds will fund scholarships for creative writing programs at New Jersey universities.”

Through conversations with experienced litigators and attorneys with intellectual property experience, below we attempt to answer:

  1. How exactly does the court determine what kind of damages William Hill may have suffered?;
  2. How much money might this cost FanDuel?;
  3. What other motivations William Hill might be have here

Said a FanDuel spokesperson: “As a policy, we don’t comment on pending litigation

 

Read more So How Does This William Hill-FanDuel Copyright Infringement Lawsuit Play Out? on SportsHandle.

DraftKings, FanDuel Victory In Indiana Supreme Court Has Sports Betting Implications

The Indiana Supreme Court on Wednesday issued a decision in favor of DraftKings and FanDuel in a case brought by three former collegiate football players, who argued that the daily fantasy sports operators violated the players’ “right of publicity” under Indiana law.

Indiana’s highest court found that the DFS operators (and now sportsbook operators in some states) committed no such violation, because their use of player data, statistics and names falls within an exception to the rule, because that information falls within the meaning of “material that has newsworthy value,” the court writes. It made no difference that DraftKings and FanDuel were using the stats and information commercially — in contests requiring entry fees and awarding cash prizes. 

The court made it clear they were answering only a limited question based on the set of facts presented. That said, the net effect of this ruling, which leaned on precedent from the Eighth Circuit Court of Appeals, may streak into the national conversation about data within the context of legal sports wagering.

 

Read more DraftKings, FanDuel Victory In Indiana Supreme Court Has Sports Betting Implications  on SportsHandle.

Lawmakers Pushing For Legal Sports Betting In Washington D.C., Possibly With Mobile Betting Before Retail

The post Lawmakers Pushing For Legal Sports Betting In Washington D.C., Possibly With Mobile Betting Before Retail appeared first on SportsHandle.

Legal sports betting may be coming to the District of Columbia (District), a development made clear at a public hearing on Wednesday by Councilmember Jack Evans (Ward 2), Chairman of the D.C. Council’s Finance & Revenue Committee.

The hearing occurred roughly one month after Evans and five colleagues submitted the sports betting bill — B22-0944, the Sports Wagering Lottery Amendment Act of 2018.

“It’s my view that over the course of the next several years, sports betting will be legal across the country,” Evans said in opening remarks, adding that he wants the District to move soon toward passage to avoid falling behind Maryland and other neighbors, as it did with tradition casino gambling. Right now, Evans said, Maryland properties such as the MGM National Harbor are attracting large amounts of patrons from D.C. and tax dollars that could benefit the District.

DC Council Leaders Pushing For Bill Sports Betting, So Bets Can Be Taken Early in 2019; Some Details Still Need Ironing


By way of background, the law as-is calls for:

  • The regulating body to be the D.C.’s Office of Lottery and Gaming, which currently oversees the city’s lottery;
  • Sports betting would be taxed at 10 percent of gross revenue;
  • The city would charge a $50,000 licensing fee;
  • Athletes, coaches and game officials would be prohibited from placing sports bets; and
  • Tax revenue would be split equally between early childhood education programs and the D.C. Commission on the Arts and Humanities. If those programs are fully funded, any surplus dollars would go into the city’s general fund.
  • All types of wagering would be permitted: single-game wagers, parlays, teasers, in-game wagering, pools, exchange wagering, propositions and so forth.

Key issues that arose during this hearing:

  • Who should be allowed to get licensed to operate a sportsbook? Both DraftKings and FanDuel officials had the opportunity to address this, and emphasized that more competition, from the likes of both established companies, would mean more revenue for the district, more competition, meaning better products and consumer protections as the better operators would rise to the top;
  • There was frequent reference to New Jersey’s emerging market: Mobile sports betting revenue has already exceeded brick-and-mortar sportsbook wagers;
  • The DFS-turned-sportsbook operators are concerned that running sports betting solely through the D.C. Lottery, which would outsource operations to a company like IGT or Scientific Games, would not foster competition, and thus encourage a stagnant market that ultimately might depress revenues. Also, fewer options for consumers. They pointed to Delaware as an example, which has a contract with Scientific Games, which has contracted William Hill for risk-management.
  • The D.C. Lottery representative, Beth Bresnahan, offered a counterargument here, saying that the Lottery is well-equipped to handle sports wagering.
  • The Lottery is also looking to launch first with mobile/online offerings, then transition to retail offerings — a clear contrast with every other state to legalize sports wagering so far.  D.C. is also in a unique position to do this: there are no commercial or tribal casinos in D.C., nor any pari-mutuel options.
  • One witness noted that in West Virginia, the state Lottery is tasked with regulatory oversight of sports wagering licensees: all five state casinos are licensed (or in the process) and to our knowledge, the lottery itself is not yet offering sports betting-style games.
  • Bresnahan noted that there’s about 1 million people in the District that could join the legal market.  She said that in terms of putting together a responsible gaming monitoring and capturing dollars for to DC, the Lottery is in best position to do that.

As usual, the National Basketball Association objected to the absence of certain provisions in this law, and enumerated the provisions desired by the NBA as well as fellow pro leagues Major League Baseball and the PGA Tour.

Read the full post – Lawmakers Pushing For Legal Sports Betting In Washington D.C., Possibly With Mobile Betting Before Retail at SportsHandle.