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Sports Tech Live - Issue #110

Hey Sports Tech Fans, Happy New Year! I hope everyone had a great couple of weeks and everyone remain
Issue #110  •  January 8  •  View online  •  Suggest a link
Sports Tech Live
Sports Tech Live
All your Sports Tech news in one place, covering topics like AR/VR, Data Analytics, eSports, Live Streaming, Sports Betting, Wearables, etc.
Hey Sports Tech Fans,
Happy New Year!
I hope everyone had a great couple of weeks and everyone remained safe and healthy since the last edition of STL.

New York looks to be on its way to legalised mobile sports betting after the Governor looks to be willing to back the legislation to make up for lost revenues and costs of Covid on the state who was hit extremely hard in 2020.
The damages might be longer lasting than elsewhere so anything that might bring in revenues to the state will be seriously looked at.
New York and California have long been the crown jewels in the legalised sports betting market in the US, but as of yet have no legislation in place but that might be soon changing.
It will be a long road to get there and to allow sports betting companies in those states to actually accepts bets from players but the rewards are potentially massive.
The sheer population numbers in those states are staggering but so too is the size of the economic value of those states which would indicate potential high returns.
To put the potential into context, California’s economy is roughly the same size as that of the UK at 2.7 Trillion dollars, while New York’s is roughly the same size as South Korea’s at 1.5 trillion dollars. These might be headline GDP figures but the potential is massive!
Emily from Odds.com reached out to be a contributor and you can see an article below showing the top 5 states in terms of total dollar amount wagered, revenue and tax take.
Unsurprisingly Nevada took in the most in terms of total wagered whose economy is the same size as Hungary’s at 150 billion dollars.
Of the newly legalised states New Jersey is handling the most amount of bets, possibly due to its proximity to New York. The New Jersey economy is roughly the same size as Taiwan’s at 590 billion.
With the Super Bowl rapidly approaching all eyes in the gambling world will be on the rapid growth of the number of bets handled and the total wagered in states where gambling is legal.
Have a great sporting weekend,
Will

P.S If you would like to be a contributor to stories for the newsletter, please reply to this email or fill in this simple form: https://docs.google.com/forms/d/1SvUgPdJ9PG7Kvrw15zjNBzw1yicplRFaxv-lzkCMP2E/edit

Calling Startups in Supply Chain Innovation

Techstars Sustainability ChallengeThe Techstars Sustainability Challenge is an equity-free challenge that brings together founders with industry leaders in sustainability. Top Supply Chain solutions in the areas of Data & Automation and Materials & End-of-life Impact will have access to potential commercial opportunities with our corporate partners. We are looking for proven technologies that are able to be pilotable in 2021.
Applications are now open and close March 1, 2021.

Streaming Wars
FIFA World Cup 2026 media rights awarded in the Nordic territories

Formula One is in “active” talks with US internet giant Amazon over streaming deals to screen its Grand Prix races, as the world’s most valuable motorsports series seeks a digital future beyond television broadcasting.
www.ft.com   •   Share

Roku Acquires Global Rights to 75-Plus Quibi Shows, Will Stream Them for Free

Gambling
Cuomo Seeks to Legalize Mobile Sports Betting in New York - Bloomberg

Sports Betting Tax Revenue By State - Top 5 Earners | ODDS.com

ESPN’s Ravens-Titans Wild Card MegaCast to include ESPN+ betting-infused stream | SportBusiness Media

MGM Resorts Raises Bid for Betting Group Entain (ENT.LN) to $11 Billion - Bloomberg

Drone Racing League agrees first betting partnership with DraftKings - SportsPro Media

eSports & Gaming
Shanghai starts construction on $898 million e-sports arena, as it pushes to be world gaming capital

BBC To Broadcast Rocket League Championship X Matches - VeryAli

Formula E launches new Accelerate Esports competition | Formula E News | Autosport

CS:GO Analysts Predict Transfer Value of NiKo From FaZe to G2 | AFK Gaming

Fortnite developer Epic Games just bought a North Carolina mall for its new headquarters - The Verge

What happens when you pair esports with 'Gladiator' director Ridley Scott? Video game lovers may find out

McLaren Racing - McLaren Racing and VELO launch new esports series

Partnerships & Sponsorship
LaLiga teams up with Matchball for match item authentication | SportBusiness

Toronto Maple Leafs among latest NHL teams to unveil helmet sponsors - SportsPro Media

Fan Controlled Football League Partners With Three Tech Startups

Aston Martin F1 announces Cognizant as Title Partner | www.sportindustry.biz

The North Division will be branded by Scotiabank, the Central Division by Discover, the East Division by MassMutual and the West Division by Honda.

cinch becomes Club's Official Sleeve Partner | Tottenham Hotspur

Sacramento Kings Become First NBA Team to Feature Mixhalo-Powered Games and Live Events | Sacramento Kings

Kansas City Chiefs first NFL franchise to team with Hyperice - SportsPro Media

Deals
ALK Capital has completed its takeover of Burnley, with the US investor acquiring a controlling 84% stake in the Premier League club

Reliance Industries to acquire 50% stake in IMG-R

Veo raises $25M for AI-based cameras that record and analyze football and other team sports – TechCrunch

Juked Raises $1.07M Through its Crowd Equity Campaign – The Esports Observer

Wearbles
Whoop Becomes Official Fitness Wearable of PGA Tour - Golf Monthly

Legal
MLS, Beckham’s Miami Lose ‘Inter’ Name Trademark Ruling to Milan

Green Tech
FIA deliver first samples of sustainable fuel to F1 power unit manufacturers and commits to becoming carbon neutral from 2021 | Formula 1®

Social
Athletes Leaving the Field Are Joining LinkedIn

Covid
Arsenal have joined Spurs and the FA in taking a loan from the Bank of England to allay short-term cashflow concerns

A Timeout for the N.B.A.’s Halftime Performers Is Costing Them Big - The New York Times

Good News
Jazz offering college scholarships to underrepresented students for each win - Sports Illustrated

Long Reads
The Long Read: Fifa belongs to a select group of titles familiar to people who have no interest in gaming – or even real football. What’s the secret of its success?

Building A Sustainable Supply Chain Ask Me Anything Series

Sustainable Supply Chain AMAJoin Techstars on January 28 at 11am ET as we chat with sustainability startups Ixon Food Technology and Big Wheelbarrow, along with industry leaders Cargill and EcoLab to learn how they’re applying startup technology to help reduce food waste throughout the food supply chain. This event will provide you with actionable insights you can apply to your own sustainable supply chain initiatives. Register now!
Techstars Startup Digest Sports Tech Live is curated by:
Will Martin Will Martin
will.martin@startupdigestmail.com
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