Colts Shed $6M Dead Cap, Gain $7M Space
The release of CB Kenny Moore leaves behind $6.05M of dead cap to the #Colts, freeing up $7M of space. A 2017 UDFA, Moore earned over $57M across 9 seasons in Indy.
Credit Card Sports Betting Banned in Nine States, Growing
"Using a credit card to place sports bets is not allowed in at least nine states, and another is looking to join the list." Credit cards to be BANNED under ‘betting’ rule spreading across the US https://t.co/eEZ35bptsr
Live Sports Streaming Ads Plagued by Fraud, Victims Identified
Over the last few months, several advertising experts have told @FOS that the live sports streaming ad market is rife with fraud. This is what is happening and who it hurts the most: https://t.co/dPEZBOGlUX
Athletes Decline $56M in NIL Deals, Legal Battles Loom
$56M in NIL deals declined so far (and that doesn't count the ones in limbo). That's a lot of money athletes are having to leave on the table. Hard to believe there won't be more legal challenges.
US Soccer Launches Atlanta Training Hub, Unlocking New Commercial Prospects
New at @SBJ: @USSoccer formally opened its National Training Center outside Atlanta today. I spoke with the facility's new GM about the potential commercial opportunities associated with the federation's new hub. https://t.co/F7GEsfEJnL
P4 Commissioners Driving NCAA Tournament Expansion, Not MAAC
If anybody wants to point a finger at the "greed" that is pushing the NCAA Tournament to expand, point it towards the P4 commissioners who have scared the rest of NCAA membership into thinking they'll leave without even more championship...
BT Named Official Telecom Partner for Euro 2028
BT reveals new push for consumers and businesses alike as it confirms role as official telco partner for Euro 2028. https://t.co/YJhYP6a6u9
Vinod Khosla Poised to Bid for Seattle Seahawks
SCOOP: Recent @49ers investor Vinod Khosla is also prepping a bid for the @Seahawks, sources tell @Sportico. He is the co-founder of Sun Microsystems, founder of @khoslaventures and is worth $14+ billion. More from me and @soshnick 👇 https://t.co/oFkffkv8jb
No Evidence Apple’s F1 Viewership Beats ESPN Yet
Yeah, so, I have not seen any empirical evidence to support claims that Apple’s domestic F1 audience this season has topped ESPN from last year for any races to date.
WSL Attracts Buyers Amid Olympic Boost and Digital Growth
Exclusive: The World Surf League could change hands. The WSL says it's seen "a significant amount of inbound interest." Talks are still early & could include smaller investments too. Olympic inclusion + digital media have given the sport new energy. https://t.co/rs5fUObUtC
Non‑conference Broadcasters Threaten Conference Media Leverage
College games by provider that is not who the conference has its media deal. Will it weaken their conference leverage? Does the conference get anything from these “special” deals? More ahead like with the Michigan game?
NCAA Funding Expansion Through New Alcohol Sponsorships
🏀 💰 🍺 🍸 🍷 With NCAA tournament expansion imminent, here's what I wrote last year: The NCAA is paying for it by allowing the sale of official sponsorships for beer, wine and hard alcohol. It previously banned those categories. https://t.co/ePcInRQkmC
Big 12 Deal Benefits Schools Only If They Decline
The Big 12's private capital play is a terrific deal for the schools ... if they don't take the money. On Yormark, RedBird and the NFL -->
Players Era Secures ESPN Rev‑Share, 24 Teams for 2026
Players Era Unveils ESPN Rev-Share Partnership, 24 (Not 32) Teams in ’26 https://t.co/tMVGnWHCgg via @sportico @DanielLibit
28 iGaming and Sports Betting Operators Seek Alberta Licenses
28 iGaming and mobile sports betting operators have applied for Alberta licensure as of May 1: BET99 Albertix Gaming Limited Caesars (Caesars Palace Online Casino & Horseshoe) Bally Bet Monopoly (Bally's) BetMGM Betty Grizzly's Quest Jackpot City Royal Vegas Ruby Fortune Spin Casino Betway DraftKings Party Casino Sports...
Kalshi's $22B Valuation Doubles DraftKings, Sports Courts Crucial
Kalshi's $22 billion valuation announced today is nearly double DraftKings' current market cap. Roughly 85% of Kalshi trading volume comes from sports so, yeah, the court decisions are going to be a big deal.
LIV Golf Burns $500M, Faces Imminent Shutdown
LIV golf, an experiment in trying to buy a sport, has failed. It burnt $500M in 2024 alone. Likely to be shuttered as it never got its broadcast revenue numbers are up and Saudis are retreating from high spend projects
World Cup 2026 to Add 185K Jobs, $17B GDP
"185,000: expected increase in US jobs due to World Cup 2026, and the forecasted boost to US GDP is $17bn" - BofA
Judge Challenges Self‑certified Compliance Under Rule 40.11
Judge Benjamin: "Rule 40.11 prohibits 'gaming' contacts. So how is it that you say that you self-certify that you are in compliance?
Judge Questions Absence of Rules for Sports Contracts
Judge Gregory: "Any idea why there are no rules [for sports-event contracts] at this point?"
Rays' "Fully Taxable" Stadium Pays Its Own Bonds
Rays execs calling their mixed-use stadium district "fully taxable," it appears, is misdirection: They'll be paying some property taxes, but they'll be paying them to themselves, to pay off bonds for their own stadium. https://t.co/P8XqUu0ad1
Direct Athlete Payments Outside NIL Trigger Compliance Risks
Direct payments outside of NIL still raise compliance and accounting questions. Can a Participating Institution provide direct payments to athletes outside of NIL? I walk through this in my book NIL 101: The House Settlement Currently 40% off https://t.co/yBVisUkFCL https://t.co/dr6qKrAJqC
College Sports Revenue Drops When Fees/Subsidies Excluded
NEW EXTRA POINTS: The "official" reported revenue from college athletic departments usually includes stuff like student fees and institutional subsidy. What do they look like if you take all that stuff out? I did the math: https://t.co/lYFh8qySbC
Long-Term Spread Makes $50M Fee Boost ROI
ROI is even better than appears, as the $50 million fee is spread out over 10 years.
WNBA Stars Spotlighted in First Knicks‑Sixers Ad Break
Last night 1st commercial break of #knickssixers featured 3 @WNBA personalities in ads. few yrs ago that never happens. #WNBA, #PWHL And The Continued Growth of Brand Power...#sportsbiz #storytelling https://t.co/lvnLOMSOmN https://t.co/0dVJVsFM7n
Indian Steel Magnate Aditya Mittal Eyes Seahawks Purchase
SCOOP: Aditya Mittal, Indian steel titan and @Celtics investor, is prepping a bid for the @Seahawks. He's teamed with former Celtics owner Wyc Grousbeck. More from me and @soshnick at @Sportico 👇 https://t.co/FTDDndhWvu
Tyrod Taylor Lands 1‑year, $2.5M Packers Contract
QB Tyrod Taylor's free agent deal with the #Packers is a 1-year, $2.5M contract that can max out at $3M with incentives. The 36-year-old secures a $700k signing bonus, and accounts for $2.88M of cap this season.
Bradbury Secures $3.7M Guaranteed in New Deal
C Garrett Bradbury signed a renegotiated contract with the #Bears that converted $1M of incentives into guaranteed salary. The 30-year-old is now due $4.7M in 2026, with $3.7M guaranteed.
RCB Leads IPL Valuations Despite Single Trophy
🏏 NET WORTH OF IPL TEAMS 🏏 Royal Challengers Bangalore RCB - ₹16,706 crores Rajasthan Royals RR - ₹15,300 crores Mumbai Indians MI - ₹13,500 crores Chennai Super Kings CSK - ₹11,300 crores Lucknow Super Giants LSG - ₹10,000 crores Gujarat Titans GT - ₹9,600 crores Kolkata...
Champions League Success Boosts Revenue, Not Wealth
Highest revenue isn't the same as wealthiest, but shows the importance of Champions League progress.
FIFA Releases 73rd
FIFA announce the 73rd limited release of World Cup tickets for a tournament that has had record sales. https://t.co/aKVP9p0gxm
New Owners Clear Stadium Loan for Sheffield Wednesday
Sheffield Wednesday new owners pay off the outstanding loan to New Avenue Projects that was secured against the stadium. https://t.co/zOK5mIE4VE
NBA's 3‑Minute Timeout Likely Designed for More Ads
Call me crazy, but I'm starting to suspect the three minute use it or lose it timeout was a ploy by the NBA to sell more ad space...
Daily Giro D'Italia on TV Reshapes Office Programming
Wow - I was not expecting fully daily coverage of the Giro d'Italia on linear TV this year. This is big for office TV programming.
Puma's Low Valuation Sparks Global Demand
I like the set-up in Puma here. Insides are buying. Int'l Google search queries are rising. 0.88x revenues is a dramatic discount to even Nike. And you'd think that Anta Sports should be able to push the brand domestically within...
Radio Reports, TV Entertains: Hockey Coverage Contrast
perhaps, the distinction is radio covers a hockey game whole tv creates an entertainment. thank you @TSN690.
Amy Howe Receives $4.37M Severance, over 4x Salary
Here are details of Amy Howe's severance from @FanDuel: - $4.37 million, which is more than 4x her annual base pay - A bunch of vested RSU and PSU stock options - Up to 12 months health insurance coverage https://t.co/ypr6BJhhzx
Flutter Taps Former FanDuel President with Law‑academic Pedigree
Christian Genetski, incoming leader of Flutter's US business, was previously President of FanDuel. He has been with the company since 2017, before the company launched its sportsbook. He earned his JD from Vanderbilt law school, per Linkedin, and worked 9...
Ozarks Brace for Summer Betting Boom with New Mobile Sportsbooks
Missouri and Arkansas are the two most recent states to launch FanDuel and DraftKings' mobile sportsbooks. Going to be a big summer for sports bettors in the Ozarks.
Major iGaming Operators Set for Alberta Launch July 13
Select companies to confirm they plan to launch iGaming and sports betting in Alberta July 13: BetMGM Caesars DraftKings FanDuel theScore Bet Expect at least two-dozen more to join them
FanDuel Expands Prediction Market, Adding Combo Trades Nationwide
FanDuel launched its third-party prediction market - market making in April and plans to expand offerings in the coming months, Flutter reaffirmed during today's earnings call; this means more parlay-style combo trades coming to states without FanDuel sportsbook
Teams Should Fund Workers Amid Sky‑High Concession Prices
This is a fair point and one I’ve thought a lot about @TBob53. If baseball teams slash other sports and entertainment venues are charging this much for concessions, THEY should pay for their workers.
FanDuel's Loyalty Program Set for Full NFL Season Launch
FanDuel launched the phased launch of its loyalty program in April; company reaffirms plans for full rollout by the start of the upcoming NFL season.
March Madness Lifts FanDuel Despite Overall Decline
FanDuel's year-over-year Average Monthly Player figures declined 5% between January 2025 and 2026, but increasesd 1% between March 2025 and March 2026 Handle declined 10% y-o-y in January, 4% y-o-y in the first half of March; favorites winning at a high...
Flutter Reports FanDuel Customer Decline, Sportsbook Down 6%
For those keeping score.. "FanDuel exited 2025 with a smaller customer base than anticipated which continued to impact growth during the quarter, with sportsbook AMPs 6% lower year-over-year" Slaughtered the sheep... Flutter Q1 2026 Financial Results https://t.co/QRFO0NlXcW
FanDuel Forecasts $250‑300M EBITDA Loss From Prediction Market by 2026
FanDuel reports its prediction market revenues in Q1 were "modest"; expects $250 to $300 million in adjusted EBITDA investment losses from its PM platform in 2026
Prediction Markets Cause only Low Single‑digit Sportsbook Impact
FanDuel on Prediction Markets: "We continued to see only a limited cannibalization impact from prediction market operators on our sportsbook growth, consistent with our prior estimate of a low single-digit percentage effect on handle growth" - via Q1 earnings release
Flutter CEO Thanks Amy Howe, Refocuses US Sportsbook Strategy
Flutter CEO Peter Jackson statement on Amy Howe's departure as FanDuel head: "I would like to thank Amy for her contribution to Flutter and FanDuel, and recognize the impact she has had on the business since joining in 2021. We...
Flutter Confirms FanDuel Leadership Shuffle: Taylor Named President
Flutter reaffirms FanDuel management shake up in earnings release: • Dan Taylor, CEO of International, appointed President of Flutter Entertainment • Christian Genetski, President of FanDuel, will now lead the US business
Lacob's Padres Bid Hinged on 2027 Season Cancellation
At a @Sportico event today in SF, Joe Lacob said his bid to buy the @Padres assumed that the entire 2027 @MLB season would likely be cancelled due to labor strife. https://t.co/Rqsi7w7CNX