NHL Executive Suggests New Gambling Revenue Could Actually Keep Ticket Prices Down

The NHL’s 180° on the virtues of sports betting is causing whiplash among people who for two decades saw NHL commissioner Gary Bettman shout about the dangers of legal sports betting and its potential to ruin sports. 

Following a flurry of recent NHL announcements including deals with MGM Resorts International to become an official sports betting partner, and a partnership with FanDuel to become the “exclusive official daily fantasy partner and an official sports betting partner of the NHL” —  Los Angeles Kings president Luc Robitaille on Wednesday said that gambling revenue derived from such deals and other channels could actually lower ticket prices or at least prevent them from rising at the same rate.

Robitaille made the remarks during an appearance on ESPN’s On Ice podcast with Greg Wyshanski and Emily Kaplan on Wednesday, saying in part: “I’m not going to guarantee it’s going to bring down ticket prices, but it might hold the raise a little bit. If a team plans on raising ticket prices by 8 percent, they might only raise them by 5 or 4 percent. If there’s a lot more money at the table, it makes everybody’s life easier.”

We’ll put the likelihood of a reduction of prices and/or slowing of their incremental increases at 25-1. Let’s now explore the reason for that line a bit deeper.

 

Read more NHL Executive Suggests New Gambling Revenue Could Actually Keep Ticket Prices Down 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.

The Deals Keep Comin’: New York Jets-MGM Strike Marketing Deal With Eye Toward Sports Betting

The post The Deals Keep Comin’: New York Jets-MGM Strike Marketing Deal With Eye Toward Sports Betting appeared first on SportsHandle.

The New York Jets have joined with MGM Resorts International (MGM) in a first-of-its-kind partnership making MGM Resorts the Jets’ official gaming partner in an arrangement that goes beyond a basic casino sponsorship, the companies announced Wednesday.

The move is the latest in a recent flurry of transactions uniting the casino/sports wagering world with the U.S. professional sports leagues.

The multi-year agreement between the Jets and MGM is described as “the most comprehensive and integrated gaming partnership in the National Football League (NFL) to date.” 

 

Read more The Deals Keep Comin’: New York Jets-MGM Strike Marketing Deal With Eye Toward Sports Betting on SportsHandle.

MGM Resorts Becomes NHL’s Official Sports Betting Partner In Historic New Deal

National Hockey League Commissioner Gary Bettman on Monday announced that the league struck a multi-year sponsorship agreement with MGM Resorts International (MGM), making the gaming and entertainment giant an official sports betting partner of the NHL. This follows a similar announcement by the National Basketball Association in July, where the NBA presented MGM as the NBA’s official gaming partner. 

The NHL deal, aside from designating MGM as an official partner, will allow MGM use of the NHL’s trademarks in connection with sports wagering at its properties internationally, as well as access to “official league data” including advanced data — some of which is still getting hammered out in the lab.

“The data we’re in the process of inventing is a process that’s been ongoing,” Bettman said. “It wasn’t our vision to develop it for sports betting, but as a broadcast enhancement to bring fans closer to the game.”

With Major Announcement Forthcoming, NHL Reportedly Going ‘All In’ On Sports Betting

The National Hockey League (NHL) will make a major announcement on Monday regarding its participation in the sports betting marketplace.

Sportnet’s Chris Johnston, a Toronto-based hockey insider for the NHL Network and a senior hockey writer for Sportnet, a Canadian equivalent of ESPN, said via Twitter, “The NHL has decided to dive head-first into the sports betting business. Official partnership(s) to be announced at a Monday morning press conference in New York. Word I’m hearing is “we’re going all in.”

NHL Commissioner Gary Bettman sent out a media advisory Friday alerting news outlets that he’ll speak at a Monday news conference in New York City.

No Further Information Yet Released on NHL’s Sports Betting Move, But Bettman’s Presence Appears to Guarantee Some Importance to the News Conference.

Should the NHL reveal some manner of official relationship with participants in the legal sports wagering marketplace, it would join the NBA in establishing a formal relationship with a gaming and bookmaking operation.

In July the NBA and commissioner Adam Silver announced at a news conference in New York a 3-year, $25 million marketing and data deal with MGM Resorts International. The non-exclusive arrangement largely focuses on marketing, but does grant MGM access to the league’s official data feed.

Caesars’ Horseshoe Casinos Baltimore Become Ravens’ Official Casino Partner

 

Following in the Dallas Cowboys’ footsteps, the Baltimore Ravens have forged an official partnership with the Horseshoe Casino Baltimore, becoming the second NFL team to strike such an agreement since the league decided in September to permit marketing deals between casinos and its teams.

The Horseshoe Casino, a Caesars Entertainment property, is walking distance to the Raven’s M&T Bank Stadium — less than a mile down Warner street.

Ravens and Caesars executives announced the deal on Friday alongside Ravens’ Hall of Fame left tackle Jonathan Ogden. Like the Cowboys’ deal with the WinStar World Casino in Oklahoma, the second-of-its-kind deal designating a casino as an official team partner will permit the Horseshoe to use the Ravens’ team marks and logos for on-site promotions, according to the release on the Ravens’ website.

William Hill Becomes ‘Official Partner’ of Vegas Golden Knights, First Deal of Its Kind

The post William Hill Becomes ‘Official Partner’ of Vegas Golden Knights, First Deal of Its Kind appeared first on SportsHandle.

The Vegas Golden Knights on Tuesday notched yet another “first.”

In 2017 the Golden Knights became the first of the four major professional U.S. sports leagues to officially make Las Vegas their home and in June, it became the NHL’s first expansion team since 1968 to reach the Stanley Cup Finals (in vastly different circumstances), ultimately falling to the Washington Capitals 4-1.

This newest first involves the newest NHL franchise joining with bookmaker William Hill US — in a “landmark, multi-year partnership” the first-ever between a professional U.S. sports team and a sportsbook.

Read more William Hill Becomes ‘Official Partner’ of Vegas Golden Knights, First Deal of Its Kind on SportsHandle.