MonkeyBones
2021-04-18
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DraftKings, Caesars and FanDuel ready for action after historic NFL sports betting deal
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It is expected that the NFL will likely change its policy allow gambling commercials during its broadcasts.</p><p>\"Additionally, we believe this will benefit in-game wagering, where we now expect the league to work more closely with its media partners to reduce latency. Amazon, which will broadcast Thursday night games in either '22 or '23, is investing in technologies that reduce lag and improve streaming quality.\"</p><p>The NFL deals have a three-year initial term, with two one-year options for the NFL. All three will share the exclusive rights to use NFL intellectual property and expand the visibility of gambling in NFL owned-and-operated media. DraftKings can enhance its fan experience with game highlights, footage, and next-gen stats through its deal. Looking ahead, the NFL aims to add second tier sports book operators with less promotional activity. Fox Bet is expected to be one of the companies to get the authorization. Last month, Barclays haslifted its price targeton Fox(NASDAQ:FOXA), pointing to significant optionality in sports betting and iGaming through equity options linked to Flutter's (PDYPYD) Fanduel.</p><p>Shares of DraftKings are up 3.58% Penn National Gaming is up 0.91%. 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