ESPN into a betting deal worth 3 billion dollars $$$

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Quote from: harizen on September 06, 2021, 06:25:06 PM

Quote from: freedomgo on September 06, 2021, 01:23:51 AM

That's another big sportsbook coming if they'll be able to realize the business soon. However, it might result in some biased comments from commentators if what I understanding is correct because they have lots of sports commentators and they have sports betting platforms as well, so maybe they will serve their interest and could probably hype a certain team or fighter that could make bettors used to make a decision.

That could be but I doubt it will affect the gambler's perspective since gamblers there are in sports betting for a long. Even the announcers will hype a certain team, odds will still be odds. The odds provider won't change it.

These commentators might be influential but it's no secret already that sometimes they are biased towards a team. And I'm sure they will not mention any forms of gambling-related activity or terms as it was prohibited to do on their professions.

Such a thing will not affect the professional gamblers and the ones that take the time to watch the odds and decide based on that even if they are not profitable, however there is a reason why we have influencer marketing, and if a person with a YouTube account can influence millions of people to buy products, can you imagine the power that a company like ESPN has in order to influence gamblers to choose a certain bet over another?

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Quote from: freedomgo on September 06, 2021, 01:23:51 AM

That's another big sportsbook coming if they'll be able to realize the business soon. However, it might result in some biased comments from commentators if what I understanding is correct because they have lots of sports commentators and they have sports betting platforms as well, so maybe they will serve their interest and could probably hype a certain team or fighter that could make bettors used to make a decision.

That could be but I doubt it will affect the gambler's perspective since gamblers there are in sports betting for a long. Even the announcers will hype a certain team, odds will still be odds. The odds provider won't change it.

These commentators might be influential but it's no secret already that sometimes they are biased towards a team. And I'm sure they will not mention any forms of gambling-related activity or terms as it was prohibited to do on their professions.

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Quote from: eaLiTy on September 04, 2021, 06:59:17 PM

Quote from: tabas on September 04, 2021, 06:05:56 PM

~
And that's why they're trying to upgrade their product and trying to enter to a market which probably where they really are belong. That's why they have to do something to keep up with their losses.
They're willing to reinvest a huge amount to make it happen and we don't know if the result of it will be embraced positively not only by their followers but every gambler that know about them.

ESPN literally controls world sports as they have the broadcasting rights to every sporting events and they are a huge monopoly as they already killed their competition and purchasing their competitors as far as i know and now i thought they are planning to diversify. From what i understand from the article i am not sure they are entering the gambling space or they are planning to lease out their brand image to gambling sites and planning to earn money that way.

It is still possible, but under different names or brands; they are a very large company, and as you mentioned, the majority control most of the sports broadcasting, which means they could easily have a market for gamblers if they did it.

Very perplexing, but if they see a brighter future there and can provide significant benefits to the company, it's a good thing. I'm also hoping for widespread adoption of cryptocurrency, as a large percentage of gamblers, in my opinion, are using it.

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Quote from: Hydrogen on August 30, 2021, 03:58:33 PM

ESPN has reportedly been losing subscribers and revenue. They need a to secure new sources of income if they're to stay relevant. It would seem they've chosen to tap the gambling industry as the logical source.

The gambling industry already has many unofficial spokesman to promote their business. (ex - all those mybookieAG promos Colby Covington and others in MMA cut) Youtubers, social media influencers and personalities with a large follower base may be a more effective method of reaching the public. Than large networks like ESPN.

ESPN's coverage of the Jake Paul vs Tyron Woodley fight last night was so terrible. I wouldn't mind if they never covered another boxing event.

Haha that's harsh I do think that they are trying to improve desperately and at the same time they have to stay in business therefore if they do improve I do think they can provide good completion if done rightly.

Quote from: wheelz1200 on September 06, 2021, 12:41:18 PM

Quote from: freedomgo on September 06, 2021, 01:23:51 AM

That's another big sportsbook coming if they'll be able to realize the business soon. However, it might result in some biased comments from commentators if what I understanding is correct because they have lots of sports commentators and they have sports betting platforms as well, so maybe they will serve their interest and could probably hype a certain team or fighter that could make bettors used to make a decision.

I hope they'll be into crypto betting as well, I mean it's okay to start a fiat sportsbook but integrating crypto would be a good idea too.

Interesting I never thought of that. If there is too much money on one team on the books since they announce the games possible leading into another team to swing the bets. Books never want it one way or another they like 50/50 so they are guaranteed the vig.

I think the all are now walking towards this section because it's not only profitable but at the same time it's in demand right now so soon enough we will see fnem getting involved everywhere maybe on the forum too who knows ?

I think they might provide good competition for sure.

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Quote from: freedomgo on September 06, 2021, 01:23:51 AM

That's another big sportsbook coming if they'll be able to realize the business soon. However, it might result in some biased comments from commentators if what I understanding is correct because they have lots of sports commentators and they have sports betting platforms as well, so maybe they will serve their interest and could probably hype a certain team or fighter that could make bettors used to make a decision.

I hope they'll be into crypto betting as well, I mean it's okay to start a fiat sportsbook but integrating crypto would be a good idea too.

Interesting I never thought of that. If there is too much money on one team on the books since they announce the games possible leading into another team to swing the bets. Books never want it one way or another they like 50/50 so they are guaranteed the vig.

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Quote from: ethereumhunter on September 05, 2021, 10:02:11 AM

Quote from: Poker Player on September 05, 2021, 12:47:54 AM

I don't know what would happen with this if the recent ban on gambling ads in Spain (although not a total ban, it reduces it a lot), becomes generalized and they start copying it all over the world, although I don't think so.

At least, that might reduce the number of addicted gamblers, but that will depend on each government because we do not know how they will regulate their law about gambling. We also do not know if that ban will be a total ban because I think the Spain government will evaluate this after they apply the new rule and see what the result is. If the result is good, maybe they will still use that rule or add more things to protect their people.

It is not going to work, it seems that governments do not understand that after a century of the war on drugs and all the money and blood spent in order to try to enforce it has had no effect and if anything it can be argued if things would have been better if they used that money in prevention campaigns, and the same is going to happen here, people that want to bet will do so regardless of whether gambling ads are legal or not and even if gambling is not legal as well as they can always find an underground casino and play there.

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That's another big sportsbook coming if they'll be able to realize the business soon. However, it might result in some biased comments from commentators if what I understanding is correct because they have lots of sports commentators and they have sports betting platforms as well, so maybe they will serve their interest and could probably hype a certain team or fighter that could make bettors used to make a decision.

I hope they'll be into crypto betting as well, I mean it's okay to start a fiat sportsbook but integrating crypto would be a good idea too.

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Quote from: Poker Player on September 05, 2021, 12:47:54 AM

Quote from: eaLiTy on September 04, 2021, 06:59:17 PM

From what i understand from the article i am not sure they are entering the gambling space or they are planning to lease out their brand image to gambling sites and planning to earn money that way.

I think it is more to lease out their brand image, kind of advertising:

Quote

But executives have said they want the company to avoid being directly involved in gambling transactions.

A brand-licensing deal would allow ESPN to profit from the boom in sports gambling without taking bets and making payouts to winners, which requires licenses in individual states.

Source: ESPN Explores Sports-Betting Deal Worth at Least $3 Billion

Exactly, majority of the reader's on this thread have misinterpreted the context of the article to mean that they want to open their own betting sites and cryptocurrency accepting casino's. This Betting deal is a business strategy. The management must have explored the possibility of entering an already competitive gambling/online betting industry and seen that they are not bouyant enough economically to push it on their own, so they have devised another way to gain from it without actually getting papers for it, very clever.

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I have to sign up and subscribe to their paid subscription to read the article I'm ok with the sport and casino newsletter I'm receiving so there is no need to subscribe, this is a piece of breaking news in the gambling industry, this is just an exploratory talks nothing concrete yet but an industry giant who wants to get in the market will have a disruption and will take the online gambling to a new height, this is something to watch out for, it's hard to speculate now until they release an official statement or announcement.

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Quote from: Poker Player on September 05, 2021, 12:47:54 AM

I don't know what would happen with this if the recent ban on gambling ads in Spain (although not a total ban, it reduces it a lot), becomes generalized and they start copying it all over the world, although I don't think so.

That would be devastating if that happens. Sports is already closely associated with gambling. When it comes to betting, there are no other events and activities which are heavily betted on more than sports events. Bookmakers are placing odds on sports games more than in other activities. Because of this, gambling ads are also one of the largest revenue sources of sports teams. If other countries would emulate Spain's steps, sports teams all over the world would be having a significant decrease in funds.

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Quote from: Poker Player on September 05, 2021, 12:47:54 AM

~
I don't know what would happen with this if the recent ban on gambling ads in Spain (although not a total ban, it reduces it a lot), becomes generalized and they start copying it all over the world, although I don't think so.

The pandemic has created a boom in the online gambling space and everyone in
the gambling space is battling to get new customers and the government wants to check them and it was expected when a large number of users lost money due to their addiction.

Quote from: tabas on September 05, 2021, 01:10:37 AM

I'm still confused about what they're going to do but you're right that it's probably the latter that they're trying to do. That would still count as an expansion and a product through a service that they would offer to gamble sites.

ESPN will allow their brand image to use by gambling sites to earn and they are having a target for a new stream of revenue.

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Quote from: Hydrogen on August 30, 2021, 03:58:33 PM

ESPN has reportedly been losing subscribers and revenue. They need a to secure new sources of income if they're to stay relevant. It would seem they've chosen to tap the gambling industry as the logical source.

Ahh yes, at the moment of desperation for revenue, tap the gambling industry and expect to make millions! Jokes aside, I do agree with you. In order to stay relevant at the scene, ESPN has to explore its options by considering crypto casinos in the near future as a new revenue source.

Personally, this impact would be huge at online gambling casinos as more and more big names are starting to invest/create opportunities in this avenue. Though the impact might be felt in the near future, the race has already started so it would be better to take it as an opportunity.

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I think of Disney that they are slow in their moves, take a long approach to changing business and have a way of managing that seems to be taken from the 50's. However, when they move, they go for the kill, they have a solid plan and they usually succeed. They have the privilege of not having to be the first and sometimes not having to be the best due to they super strong intelectual property, that they wisely increase over the years and keep very carefully. I am sure they will get to their objective as well on this one.

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Quote from: eaLiTy on September 04, 2021, 06:59:17 PM

From what i understand from the article i am not sure they are entering the gambling space or they are planning to lease out their brand image to gambling sites and planning to earn money that way.

I found this, maybe It is possible it may lease a right to partnership but we can watch how it goes

Quote

The sports-media giant has held talks with players that own major sportsbooks, including casino operator Caesars Entertainment Inc. and online gambling company DraftKings Inc., the people said. ESPN has existing marketing partnerships with both companies.

Quote

On offer is the right for a suitor to use the ESPN name for branding purposes and potentially rename its sportsbook after the leading sports TV network in the U.S., the people said. A deal could come with an exclusive marketing commitment that would require the sports-betting firm to spend a certain amount of money advertising on ESPN’s platforms, one of the people said.

I have been searching to see if the deal included casino with the responses about casino but not sure for now because ESPN is a sports giant and I don't know if they are ready yet to move into casino business or they are also going to lease out the right.

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Quote from: Poker Player on September 05, 2021, 12:47:54 AM

I don't know what would happen with this if the recent ban on gambling ads in Spain (although not a total ban, it reduces it a lot), becomes generalized and they start copying it all over the world, although I don't think so.

At least, that might reduce the number of addicted gamblers, but that will depend on each government because we do not know how they will regulate their law about gambling. We also do not know if that ban will be a total ban because I think the Spain government will evaluate this after they apply the new rule and see what the result is. If the result is good, maybe they will still use that rule or add more things to protect their people.

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Quote from: eaLiTy on September 04, 2021, 06:59:17 PM

Quote from: tabas on September 04, 2021, 06:05:56 PM

~
And that's why they're trying to upgrade their product and trying to enter to a market which probably where they really are belong. That's why they have to do something to keep up with their losses.
They're willing to reinvest a huge amount to make it happen and we don't know if the result of it will be embraced positively not only by their followers but every gambler that know about them.

ESPN literally controls world sports as they have the broadcasting rights to every sporting events and they are a huge monopoly as they already killed their competition and purchasing their competitors as far as i know and now i thought they are planning to diversify. From what i understand from the article i am not sure they are entering the gambling space or they are planning to lease out their brand image to gambling sites and planning to earn money that way.

I'm still confused about what they're going to do but you're right that it's probably the latter that they're trying to do. That would still count as an expansion and a product through a service that they would offer to gamble sites.

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Quote from: eaLiTy on September 04, 2021, 06:59:17 PM

From what i understand from the article i am not sure they are entering the gambling space or they are planning to lease out their brand image to gambling sites and planning to earn money that way.

I think it is more to lease out their brand image, kind of advertising:

Quote

But executives have said they want the company to avoid being directly involved in gambling transactions.

A brand-licensing deal would allow ESPN to profit from the boom in sports gambling without taking bets and making payouts to winners, which requires licenses in individual states.

Source: ESPN Explores Sports-Betting Deal Worth at Least $3 Billion

I don't know what would happen with this if the recent ban on gambling ads in Spain (although not a total ban, it reduces it a lot), becomes generalized and they start copying it all over the world, although I don't think so.

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Quote from: tabas on September 04, 2021, 06:05:56 PM

~
And that's why they're trying to upgrade their product and trying to enter to a market which probably where they really are belong. That's why they have to do something to keep up with their losses.
They're willing to reinvest a huge amount to make it happen and we don't know if the result of it will be embraced positively not only by their followers but every gambler that know about them.

ESPN literally controls world sports as they have the broadcasting rights to every sporting events and they are a huge monopoly as they already killed their competition and purchasing their competitors as far as i know and now i thought they are planning to diversify. From what i understand from the article i am not sure they are entering the gambling space or they are planning to lease out their brand image to gambling sites and planning to earn money that way.

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Quote from: Silberman on September 03, 2021, 11:51:26 AM

The problem is that there is no introspection, they lost viewers because of the pandemic? This in a way was natural as the world of sports was stopped almost for a year, but at the same time why are they still losing money now when sports already came back and people are devouring all the information that is sport related as they are want even more about it? The truth is the product ESPN has been offering for some time is simply not good and as long as this is the case their revenue will keep going down.

And that's why they're trying to upgrade their product and trying to enter to a market which probably where they really are belong. That's why they have to do something to keep up with their losses.
They're willing to reinvest a huge amount to make it happen and we don't know if the result of it will be embraced positively not only by their followers but every gambler that know about them.

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Quote from: alpamar99 on August 31, 2021, 12:57:40 PM

this is the most possible thing to do even though it is risky but they dare to do this and actually this is a gamble for ESPN too because they did a very brave act.
but on the other hand they will also definitely benefit when they are on this path because I've read several articles that say that ESPN has lost their revenue significantly for several years during this pandemic, and this is a very reasonable thing to do because it is to increase fans and revenue. them to survive in this sector.
and this is also very much in line with the fact that indeed ESPN is one of the names to be reckoned with in the sports industry, and in this sector gambling is more common.

The problem is that there is no introspection, they lost viewers because of the pandemic? This in a way was natural as the world of sports was stopped almost for a year, but at the same time why are they still losing money now when sports already came back and people are devouring all the information that is sport related as they are want even more about it? The truth is the product ESPN has been offering for some time is simply not good and as long as this is the case their revenue will keep going down.

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Quote from: dothebeats on August 31, 2021, 12:04:30 PM

This is a no-brainer for them, considering that they are already an established sports news and coverage organization that is known around the world. It's only a matter of time before they dive in to the world of sports betting, though at this point there are a lot of serious competitions that I don't think it would be easy for them to penetrate the market. Nevertheless, it still depends on the lines that they offer, how well their website design is, and how good are their offerings on the games.

If they finalize this kind of environment on their channel then the result would not show just after they begin it rather they will see the result when their competitor will show the result of what they have done. I'm pretty sure it will be a media war again for the other companies will not let it slide when they see another loophole with this decision by ESPN. As if they can stop the media if they ruin some life with their idea. They need to think twice before implementing this before it's too late for them.

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Quote from: Zilon on September 01, 2021, 12:48:25 AM

Diversifying their portfolio most especially having partnership deals with online gambling crypto companies is a clear indication of a mega step up on their gambling business and would still create room for more partners in the future. For me it's a welcome idea and a way of boasting their investment not minding how much is involved because certainly it would be recovered within a very short period

Maybe they are late to make a decision related to their conditions so they did that now. They can hope that their decision now can positively impact their company and their business so they can try to grow it in the future. But whether it will succeed in the future or not, they need to work hard to make sure that their plan will run as they want. I think it is not too late because they would be too late to realize that their business is in bankruptcy if they did not do that now. Hopefully, there will be good news from them related to their decision.

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Quote from: fiulpro on August 30, 2021, 01:59:23 PM

What do you think Huh

I do believe they might get involved with the crypto casinos too soon enough!!
Something to watch out for.

I thought the whole news are all about going into crypto casinos, nevertheless this is a great start and going into online gambling is a good opportunity especially now that many people tend to spend more on online gambling than to go to the physical casinos simply because there's still a threat of getting infected.

ESPN is a huge company and if they go into crypto gambling as well, then they might dominate the market but of course expect that their competitor will take this seriously, so this is till not an easy journey for ESPN.

More than likely, they will venture first in fiat-based casino and once they are settled, adding crypto may be easier for them. Fiat-based online casinos are still bigger than crypto-based. But crypto gambling business is on the rise because of the popularity of crypto in the market. And with many benefits dealing with crypto, for one, a lot of them still don't require KYC, many will be attracted to use crypto casinos once they learn the benefits derived from it.

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i thought they are betting worth 3b usd but it seems they are only going to enter the gambling industry .
sure this industry is competitive already but that was espn man and for sure lots of people in this world recognize them so its not hard for them to excell but i dont think they will accept cryptos too early but they could start in fiat and centralized payment methods and hopefully soon they will start accepting cryptos .

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Dominating the market might be jumping the gun a bit there. There's still a bunch of other competitors out there that would probably overwhelm or at the very least, stand equal to them after all. It's a nice path that they could take after all, they could take a large pie just because of how big their organization is. Definitely opens up sportsbook to a larger audience and could potentially increase the customers that other sportsbook get. Next up should be a crypto usage, just waiting for a bigwig to lead the way for other bignames.

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Diversifying their portfolio most especially having partnership deals with online gambling crypto companies is a clear indication of a mega step up on their gambling business and would still create room for more partners in the future. For me it's a welcome idea and a way of boasting their investment not minding how much is involved because certainly it would be recovered within a very short period

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I've also seen Disney talking about a number of sports books about ESPN, about a $3 billion betting deal, a lot of companies say ESPN is a bit slow on this.

Disney said the $3 billion fund was not fully clear where it would come from, he said, adding that there were several aspects to the fundraising: self-licensing, rewards, or advertising, this is not clear, although it is now a public ESPN decision, Disney also mentioned that this move will have a positive impact on ESPN Studios in sports betting in the future, but what is clear is that it's just a matter of where the $3 billion is coming from.

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For sure a good piece of news.

I think that if a deal was struck then there could be even better coverage of live events by these sportsbooks, which is definitely be exciting.

These large corporations are just waking up to the sheer size and importance of online sportsbooks - hopefully they recognize those in the crypto space as well.

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Quote from: Fundamentals Of on August 30, 2021, 08:44:16 PM

Quote from: fiulpro on August 30, 2021, 01:59:23 PM

I do believe they might get involved with the crypto casinos too soon enough!!

I don't think so. ESPN is into sports. Since it is basically a sports channel, if it gets into gambling, it could be expected to only get involved with sports betting. That is what the deal is all about. There is no mention of ESPN getting into a casino, much less a cryptocurrency casino. The casino business is not their forte.
Anyway, it is convenient for them to get into sports betting since they are already a huge name in sports entertainment for several decades.

@Fundamentals_Of, Why not?

you know, Before ESPN two other giant sports media Fox Sports & Turner Sports started betting on sports gambling platforms. Fox Sports has made its own apps and offers people to do sports betting there. The only problem is sports gambling is not legalized at all-state in the united state but It is expanding, and in many states the Supreme Court has now legalized sports betting. so, I think ESPN may be involved with crypto casinos in the near future And can provide sports betting opportunities to their users.

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Quote from: iv4n on August 31, 2021, 01:42:33 PM

Quote from: Hydrogen on August 30, 2021, 03:58:33 PM

ESPN has reportedly been losing subscribers and revenue. They need a to secure new sources of income if they're to stay relevant. It would seem they've chosen to tap the gambling industry as the logical source.
...

In the end, it's all about the money and how to make more money! I think you hit the point of this, ESPN will do something in order to continue to exist and to make a profit, or they will be left behind! They decided to expand their business on gambling, and probably they made the right choice here... time will tell that of course, but they have a good ground to become one of the leading sports bookies, with many live streams in their selection!
I guess this works for all businesses, either adapt and make progress or vanish from the scene!

And the same reasoning could be apply, they will soon start come to this space and start accepting crypto mainly bitcoin as means of payments to their future gambling.

Well, either way, most gambling websites accept crypto payment already, though there are some who don't since regulation on the country they are based in, blocks their way.

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Quote from: fiulpro on August 30, 2021, 01:59:23 PM

Quote

Walt Disney Co.’s ESPN is seeking to license its brand to major sports-betting companies for at least $3 billion over several years, according to people familiar with the matter, aiming to capitalize on the fast-growing online gambling industry.

The sports-media giant has held talks with players that own major sportsbooks, including casino operator Caesars Entertainment Inc. and online gambling company DraftKings Inc., the people said. ESPN has existing marketing partnerships with both companies.

https://www.google.com/amp/s/www.wsj.com/amp/articles/espn-explores-sports-betting-deal-worth-at-least-3-billion-11630089962

A very positive news perse since ESPN, is now trying to explore more of their options in the betting section now how do you think this might affect the industry??

They are trying to enter the online gambling industry and I do believe that they might try and dominate the market which is already heavily competitive but it might give the users more choice perse.

What do you think Huh

I do believe they might get involved with the crypto casinos too soon enough!!
Something to watch out for.

It's unsurprising that they would pursue this kind of advertising and is a win-win for them really. They get an extra income stream and they get someone else to establish them as a name within the gambling scene. If it goes well, they'll end the contract once the term expires and set up independently, if it goes badly they can put all the blame on to the "horrible third party" who was totally irresponsible. It fits in with their brand perfectly and the stigma around gambling is lower than it was in the past - you see it advertised all over European TV in soccer stadiums for example. The thing is, established casino operators are probably not that interested in partnering on favorable terms to ESPN, because they know it will probably be revoked at will.

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Quote from: Hydrogen on August 30, 2021, 03:58:33 PM

ESPN has reportedly been losing subscribers and revenue. They need a to secure new sources of income if they're to stay relevant. It would seem they've chosen to tap the gambling industry as the logical source.
...

In the end, it's all about the money and how to make more money! I think you hit the point of this, ESPN will do something in order to continue to exist and to make a profit, or they will be left behind! They decided to expand their business on gambling, and probably they made the right choice here... time will tell that of course, but they have a good ground to become one of the leading sports bookies, with many live streams in their selection!
I guess this works for all businesses, either adapt and make progress or vanish from the scene!

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this is the most possible thing to do even though it is risky but they dare to do this and actually this is a gamble for ESPN too because they did a very brave act.
but on the other hand they will also definitely benefit when they are on this path because I've read several articles that say that ESPN has lost their revenue significantly for several years during this pandemic, and this is a very reasonable thing to do because it is to increase fans and revenue. them to survive in this sector.
and this is also very much in line with the fact that indeed ESPN is one of the names to be reckoned with in the sports industry, and in this sector gambling is more common.

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Quote from: Hydrogen on August 30, 2021, 03:58:33 PM

ESPN has reportedly been losing subscribers and revenue. They need a to secure new sources of income if they're to stay relevant. It would seem they've chosen to tap the gambling industry as the logical source.

The gambling industry already has many unofficial spokesman to promote their business. (ex - all those mybookieAG promos Colby Covington and others in MMA cut) Youtubers, social media influencers and personalities with a large follower base may be a more effective method of reaching the public. Than large networks like ESPN.

ESPN's coverage of the Jake Paul vs Tyron Woodley fight last night was so terrible. I wouldn't mind if they never covered another boxing event.

At the end of the day this is what it is about, ESPN is seeing their profits going down and they are trying to do something about it and it makes sense that they want to enter the gambling world, however I really think that the main reason why their profits are going down is simply that the product that they are offering has very low quality and if they do not concentrate themselves on trying to fix that then any solution that they may try to find is going to eventually fail.

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This is a no-brainer for them, considering that they are already an established sports news and coverage organization that is known around the world. It's only a matter of time before they dive in to the world of sports betting, though at this point there are a lot of serious competitions that I don't think it would be easy for them to penetrate the market. Nevertheless, it still depends on the lines that they offer, how well their website design is, and how good are their offerings on the games.

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Quote from: fiulpro on August 30, 2021, 01:59:23 PM

Quote

Walt Disney Co.’s ESPN is seeking to license its brand to major sports-betting companies for at least $3 billion over several years, according to people familiar with the matter, aiming to capitalize on the fast-growing online gambling industry.

The sports-media giant has held talks with players that own major sportsbooks, including casino operator Caesars Entertainment Inc. and online gambling company DraftKings Inc., the people said. ESPN has existing marketing partnerships with both companies.

https://www.google.com/amp/s/www.wsj.com/amp/articles/espn-explores-sports-betting-deal-worth-at-least-3-billion-11630089962

A very positive news perse since ESPN, is now trying to explore more of their options in the betting section now how do you think this might affect the industry??

They are trying to enter the online gambling industry and I do believe that they might try and dominate the market which is already heavily competitive but it might give the users more choice perse.

What do you think Huh

I do believe they might get involved with the crypto casinos too soon enough!!
Something to watch out for.

A very wierd turn for a Disney company but better jump in while everyone else is. If espn jumps into the game they will take the lions share. Their reach and advertising is so widespread in the sports world. Definately bad news for the other gambling only companies.

GreatArkansas

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Very possible, especially betting using cryptocurrency, these huge companies will start for sure using cryptocurrency but they may find difficulty on regulation, especially using cryptocurrency on gambling. But overall, it's good for them and in cryptocurrency too.
Once this huge money comes in, others will follow. With the popularity of cryptocurrency increasing, gambling industries will start to try cryptocurrency soon.

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ESPN is just looking for additional ways of revenue and to monetize their existing subscriber base. Since they are exclusively a sports channel, what else could be the best way to monetize their huge subscriber base!! I would say it's a clever step to safeguard their business and their shrinking footsteps in the sports market.

I don't think they will enter into betting arena by themselves anytime soon. But who knows! Business landscape is ever changing and a company needs to evolve to survive.

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They've got no problem with the branding and they're already established. As they're known in the sports area, those bettors would ship them in as soon as they've launched their own sports betting platform. That gives them the upper hand but will they cope up with those loyal bookie players that have been experiencing good with the current sportsbook that we're staying with? There will be a lot of adjustments, they have the advantage but they still need to be at par with those established bookies already. I think they'll focus only on fiat and try to extract the customers of the other fiat-focused bookies.

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Quote from: famososMuertos on August 31, 2021, 12:22:11 AM

If someone took online poker to the moon, it was ESPN, it is good to note however that; If there was a growth in users due to the nature of the Internet and online poker had penetration, but when at the beginning of the century and specifically in 2003 the remembered WSOP main event was broadcast, it was the explosion, but even in the 20th century they were already making broadcasts of the WSOP.

So ESPN is not asking for help, ransom or anything is being sold as a business opportunity for Sportsbooks, it is simply "demanding" that they buy its branded rights from it.

Also for what is allowed to be read or understood in the note and how I understand it requires that your name appear as part of the name of the sportsbook, something like that, I suppose and keeping the metaphorical distances with the sports stadiums and the names of certain brands.

But as a culmination of the above, they "demand" that they invest in advertising as part of the negotiation.
^{That they are quite dumb there on ESPN.}

As for the crypto world, I would dare to say that except two or three casinos could try to enter a type of negotiation like this.

In addition, the betting industry knows that anyone who enters the "bargain" first benefits the entire sports betting niche.

Their success in broadcasting the Super Bowl Roller Bowl Poker Central last year seemed to be one of the reasons for espn to cooperate with a gambling site and in my opinion even this will be equally beneficial for both parties, both the gambling site and espn, with this collaboration it is certainly possible to legalize online gambling can be realized in several states, I think in this case espn will be able to have a positive impact on online gambling, especially online gambling that uses crypto.

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Quote from: agustina2 on August 31, 2021, 01:06:55 AM

Quote from: ethereumhunter on August 31, 2021, 12:23:54 AM

The negative is that they can use all of the ways to compete with their competitor and conquer the market with all of their power.

Sounds like a twisting statement. Can you explain how it becomes negative when ESPN will use everything to be on top? Isn't it what a gambling site really does to make their site big and competitive to others? Huh

You are contradicting your first statement that by integrating crypto into their supposed betting platform, it will boost the betting market in crypto gambling. If they won't use all ways to compete then how can they become big and able to contribute to the crypto gambling market?

It is no secret that a company can use all ways to compete and beat their competitor, including using bad ways to get on the top leader in the market. Maybe you think it is twisting but not if you try to use yourself at their position. You will want to be the king at the market and to do that, you need to compete with all of the company. We never think and never know what ESPN will do to be on top as we do not part with them.

The first statement is the positive thing that the crypto can get from ESPN as we know that ESPN is a big company. At the same time, the second statement is the negative thing that they can use to be at the top of the market. We can easily remove the negative by assuming they will use a good way to compete and beat their competitor but as I said before, we do not know what ways that they will use later.

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It's a betting deal, there will be a betting site that will be a side project for this deal. But they may not yet announce that. There is money to make in sports betting.
The gambling industry is already big and with the rise of online transactions and wallets readily available for everyone to download I think ESPN will have a betting channel to be accessed only for the adults which people can bet.

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I don't know about crypto casinos getting involved with this deal given that ESPN is based on the US, they might focus on fiat casinos that accepts US players like the ones mentioned in the article.

As much as possible I don't want to get my hopes up because like what Hydrogen mentioned ESPN is slowly falling off and with that in mind those casinos might get a better deal with other brands.

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Quote from: ethereumhunter on August 31, 2021, 12:23:54 AM

The negative is that they can use all of the ways to compete with their competitor and conquer the market with all of their power.

Sounds like a twisting statement. Can you explain how it becomes negative when ESPN will use everything to be on top? Isn't it what a gambling site really does to make their site big and competitive to others? Huh

You are contradicting your first statement that by integrating crypto into their supposed betting platform, it will boost the betting market in crypto gambling. If they won't use all ways to compete then how can they become big and able to contribute to the crypto gambling market?

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The positive is they can help the crypto casinos grow fast because as a large industry, they will give more options in the betting section and the industry itself will flood with huge money. All people or companies will join their step and give color to the gambling industry or sports industry.

The negative is that they can use all of the ways to compete with their competitor and conquer the market with all of their power. But out of that, maybe we should give time for them and see what they will do so we can act based on the situation.

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If someone took online poker to the moon, it was ESPN, it is good to note however that; If there was a growth in users due to the nature of the Internet and online poker had penetration, but when at the beginning of the century and specifically in 2003 the remembered WSOP main event was broadcast, it was the explosion, but even in the 20th century they were already making broadcasts of the WSOP.

So ESPN is not asking for help, ransom or anything is being sold as a business opportunity for Sportsbooks, it is simply "demanding" that they buy its branded rights from it.

Also for what is allowed to be read or understood in the note and how I understand it requires that your name appear as part of the name of the sportsbook, something like that, I suppose and keeping the metaphorical distances with the sports stadiums and the names of certain brands.

But as a culmination of the above, they "demand" that they invest in advertising as part of the negotiation.
^{That they are quite dumb there on ESPN.}

As for the crypto world, I would dare to say that except two or three casinos could try to enter a type of negotiation like this.

In addition, the betting industry knows that anyone who enters the "bargain" first benefits the entire sports betting niche.

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They are going to pull problems if they will try to scratch the surface of cryptocurrencies. Legality.
Disney shares went up because of this news and that says a lot.

It was September 2020 when DraftKings and ESPN had an agreement as a link out for gambling, that's why we keep on seeing advertisements of the said gambling site a lot of times.
DraftKings and ESPN Enter into Co-Exclusive Content Integration Agreement
I think they witness the increase in profits and now they want in. Are they really out of options for new things or is it greed?

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Quote from: fiulpro on August 30, 2021, 01:59:23 PM

What do you think Huh

I do believe they might get involved with the crypto casinos too soon enough!!
Something to watch out for.

I wouldn't be surprised if they did. I mean, cryptocurrency has been gaining popularity(and still is) on sports betting sites and gamblers using it to gamble have most likely have increased. It would be a logical move for them to incorporate cryptocurrency on their sport betting platform or online casino platform.

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Quote from: fiulpro on August 30, 2021, 01:59:23 PM

I do believe they might get involved with the crypto casinos too soon enough!!

I don't think so. ESPN is into sports. Since it is basically a sports channel, if it gets into gambling, it could be expected to only get involved with sports betting. That is what the deal is all about. There is no mention of ESPN getting into a casino, much less a cryptocurrency casino. The casino business is not their forte.

Anyway, it is convenient for them to get into sports betting since they are already a huge name in sports entertainment for several decades.

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I think it's enough money for them to do something that can help them stay relevant in this modern world, this is actually the first time that I have heard of them as the center of the topic in this forum and it seems like things aren't going well for them, I don't wish anything good for them, they're a company and this is their undoing.

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Quote from: tippytoes on August 30, 2021, 06:59:16 PM

I think they will look at crypto payment method here also but more than likely, they will focus on fiat payment first. As crypto payment is getting popular these days, it will not be surprise if they will add this on their options. But I believe, it depends on their arrangement with their license. Sometimes it would take time to include another payment like this one - crypto, as they need to get good grasp first on how things are being handled when it comes to crypto.

They will look at crypto but it will take time. Since we are in crypto everyday and always here in the forum, we think that accepting crypto by these giant companies will easily be considered. The Fiat gambling market is big so for now, we can't involve crypto here now so let's wait and focus first on the impact if ESPN will now enter the betting industry.

Quote from: Hydrogen on August 30, 2021, 03:58:33 PM

ESPN's coverage of the Jake Paul vs Tyron Woodley fight last night was so terrible. I wouldn't mind if they never covered another boxing event.

Low ratings? If that is then curious here why are others saying that Jake Paul vs Tyron Woodley's fight results in a good profit if only a few people support it. Cheesy

ESPN or any other giants should not cover future boxing events of not a real boxer.

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Quote from: goinmerry on August 30, 2021, 06:04:38 PM

Quote from: fiulpro on August 30, 2021, 01:59:23 PM

What do you think Huh

I do believe they might get involved with the crypto casinos too soon enough!!
Something to watch out for.

Since it's ESPN, they already built a big name in the sports industry, and adding a gambling-related firm on their service, they might become a big competitor on fiat bookies competition.

But on the crypto side, I doubt they will be involved in it right away unless there's a mass call of request about it. Online gambling is currently in demand nowadays but on the side mostly of fiat online booking.

I think they will look at crypto payment method here also but more than likely, they will focus on fiat payment first. As crypto payment is getting popular these days, it will not be surprise if they will add this on their options. But I believe, it depends on their arrangement with their license. Sometimes it would take time to include another payment like this one - crypto, as they need to get good grasp first on how things are being handled when it comes to crypto.

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Quote from: fiulpro on August 30, 2021, 01:59:23 PM

~
A very positive news perse since ESPN, is now trying to explore more of their options in the betting section now how do you think this might affect the industry??

They are trying to enter the online gambling industry and I do believe that they might try and dominate the market which is already heavily competitive but it might give the users more choice perse.

Finally they are diversifying their resources and entering the gambling marketplace which is a trillion dollar market and since they are broadcasting majority of the sports they can be an instant success if they come out with a decent looking UI because of the reach they can get adverting their product globally during major sporting events and they can be a serious competitor for all the major sports book because of the financial backing they have.

Quote from: fiulpro on August 30, 2021, 01:59:23 PM

What do you think Huh

I do believe they might get involved with the crypto casinos too soon enough!!
Something to watch out for.

I am not sure ESPN will jump into the cryptocurrency market space from the beginning but expect them to rule the fiat based gambling platforms and they do not need to shell out extra amount for broadcasting the matches live in their platform. It i a really interesting development and will see how they will perform.

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Quote from: fiulpro on August 30, 2021, 01:59:23 PM

What do you think Huh

I do believe they might get involved with the crypto casinos too soon enough!!
Something to watch out for.

Since it's ESPN, they already built a big name in the sports industry, and adding a gambling-related firm on their service, they might become a big competitor on fiat bookies competition.

But on the crypto side, I doubt they will be involved in it right away unless there's a mass call of request about it. Online gambling is currently in demand nowadays but on the side mostly of fiat online booking.

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ESPN has reportedly been losing subscribers and revenue. They need a to secure new sources of income if they're to stay relevant. It would seem they've chosen to tap the gambling industry as the logical source.

The gambling industry already has many unofficial spokesman to promote their business. (ex - all those mybookieAG promos Colby Covington and others in MMA cut) Youtubers, social media influencers and personalities with a large follower base may be a more effective method of reaching the public. Than large networks like ESPN.

ESPN's coverage of the Jake Paul vs Tyron Woodley fight last night was so terrible. I wouldn't mind if they never covered another boxing event.

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Quote

Walt Disney Co.’s ESPN is seeking to license its brand to major sports-betting companies for at least $3 billion over several years, according to people familiar with the matter, aiming to capitalize on the fast-growing online gambling industry.

The sports-media giant has held talks with players that own major sportsbooks, including casino operator Caesars Entertainment Inc. and online gambling company DraftKings Inc., the people said. ESPN has existing marketing partnerships with both companies.

https://www.google.com/amp/s/www.wsj.com/amp/articles/espn-explores-sports-betting-deal-worth-at-least-3-billion-11630089962

A very positive news perse since ESPN, is now trying to explore more of their options in the betting section now how do you think this might affect the industry??

They are trying to enter the online gambling industry and I do believe that they might try and dominate the market which is already heavily competitive but it might give the users more choice perse.

What do you think Huh

I do believe they might get involved with the crypto casinos too soon enough!!
Something to watch out for.

Topic: ESPN into a betting deal worth 3 billion dollars $$$ (Read 477 times)