Gambling powerhouse, DraftKings, won the sweepstakes to become the first official gaming operator of MLB with an agreement on a multi-year deal with the league.
The partnership gives DraftKings the official title of Authorized Gaming Operator of Major League Baseball and more importantly, the ability to offer exclusive in-game proposition betting to customers.
Also, the deal between the two entities will allow DraftKings the opportunity to use MLBs official betting data as well as the rights to display MLBs graphics and official logos in advertising.
The company makes the move as real-time betting begins to gather steam in states that offer sports betting. As it stands today, 17 of the 50 states allow some form of wagering on sporting events.
DraftKings is proud to be designated as a Major League Baseball Authorized Gaming Operator, DraftKings Chief Business Officer Ezra Kucharz wrote in a statement.
This deal speaks to the commitment we have to our customers and sports leagues alike while providing the safest and most entertaining American-made sportsbook.
As a result of this agreement, our customers will experience enhanced live wagering offerings for all MLB games.
Source: about.draftkings.com
The deal with DraftKings comes with little surprise as MLB executive Kenny Gersh told media last month in London that the league was close to deals with DraftKings and competitor, FanDuel.
Major League Baseball is also closing in on a deal with The Stars Group, a partner with Fox in their upcoming betting offering, FOX Bet.
The possible agreement with The Stars Group and Fox could be an extension of a deal MLB made with Fox last year for an extension of broadcast rights to the World Series.
Fox will pay $5.1 billion over seven years for the rights to show the World Series on their network through 2028.
Simply put, in-game betting was the reason that DraftKings wanted the agreement with MLB.
Many betting experts believe that real-time betting will be where the revenue concentrates for sportsbooks as fans become enamored by the ability to place a wager as they watch sporting events.
What has yet to be announced is whether the leagues popular Statcast data platform will be integrated into the in-game offering from DraftKings or other gaming companies.
If the technology is reliable, companies like DraftKings could offer bets based on single pitches to batters.
That endless possibility for betting is what has created excitement in companies vying for the official MLB data.
Some journalists that cover the sports betting market speculate that the real-time technology could be ready by next spring, in time for the start of the 2020 MLB season.
(We are ) buoyed by our collective commitments to drive innovation in the U.S. sports betting marketplace, Gersh wrote after the announcement of the deal with DraftKings.
The tools provided to DraftKings including fast, rich, and reliable data feeds and MLB brand marks will be central to creating these powerful new ways to consume and connect with our sport.
Source: about.draftkings.com
DraftKings will be the first company to offer the advantages provided by MLB, making their offerings an exciting feature to anticipate for bettors of all skill levels.
Iowa Sees Record-Setting Sports Betting Handle in November
1 day ago | Michael SavioNew Class Action Lawsuit Takes Aim at Sweepstakes Operators
2 days ago | Michael SavioMassachusetts Gaming Commission Fines FanDuel $10K for Improper Bets
6 days ago | Michael Savio
We support responsible gambling. Gambling can be addictive, please play responsibly. If you need help, call
1-800-Gambler.
WSN.com is managed by Gentoo Media. Unless declared otherwise, all of the visible content on this site, such
as texts and images, including the brand name and logo, belongs to Innovation Labs Limited (a Gentoo Media
company) - Company Registration Number C44130, VAT ID: MT18874732, @GIG Beach Triq id-Dragunara, St.
Julians, STJ3148, Malta.
Advertising Disclosure: WSN.com contains links to partner websites. When a visitor to our website clicks on
one of these links and makes a purchase at a partner site, World Sports Network is paid a commission.
Copyright © 2024