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SportsTranscript
00:00 (upbeat music)
00:02 - Okay, let's talk about sports betting
00:04 and some geo-complied data is in.
00:06 Over 200 million people checking in on sports betting apps.
00:11 This should be no surprise, I think, to anyone, Sam.
00:13 But what do you correlate the numbers here for betting?
00:18 What do you think the reasoning is?
00:19 Is it more states being legal, more people being interested?
00:22 Is it ads?
00:23 What do you think?
00:24 - Right, so it feels like,
00:26 it's always fun to talk about these numbers of,
00:28 oh, this was the most bet week or downloaded week,
00:30 or certainly this was the biggest NFL week one in history
00:34 with a 56% increase in what geo-complies talking about,
00:38 these kind of check-ins or attempts to log in
00:41 or transactions, pretty much any time
00:44 they're checking the location on your phone
00:46 to make sure you're in a legal betting jurisdiction.
00:49 But yeah, to answer your question,
00:50 it's all of those things combined.
00:53 It's more states.
00:55 We now have Ohio, Maryland, Massachusetts,
00:57 in the fold that were not taking bets
01:00 during NFL week one last year.
01:01 And those are very big states.
01:03 We're not talking about Kansas or another small state.
01:06 These are really big states population-wise and sports-wise,
01:10 especially Ohio and Massachusetts
01:13 when it comes to football and college football,
01:15 pretty much every sport this time of year.
01:18 So that's a huge reason.
01:20 And another reason is we have all these new apps as well.
01:22 We've talked about Fanatics, what they're doing.
01:25 They're now live in three of those states
01:27 that I just mentioned, as well as Tennessee.
01:29 And over the past week, they just rebranded
01:32 pretty much half of PointsBet's licenses
01:34 in seven states to PointsBet, a Fanatics experience.
01:37 So PointsBet saw a huge increase in signups,
01:42 mainly because they're getting all that Fanatics money now,
01:44 where, like you said, the ads are out there
01:46 and promoting people to go on there.
01:48 So it's sort of a combination
01:50 of all those different factors.
01:51 Yeah, Bet365 pretty much tripled its presence
01:55 of states that's available.
01:56 And now this year versus last year,
01:59 and it's obviously a huge company
02:00 spending a lot of money in different spots.
02:03 So it kind of is just a combination of all these new apps,
02:05 these new states, and the money that the new apps
02:07 are bringing in with them, Bet365, Fanatics,
02:10 the rebranded PointsBet, obviously huge companies.
02:13 And people are signing up, taking the jersey offers,
02:15 you know, whatever, getting excited.
02:17 And I thought the most notable thing about this
02:19 was the fact that there was a million new player accounts
02:22 created, which is a 40% increase from last year.
02:25 So that's showing that like,
02:26 it's not just a lot of betting going on.
02:28 It's a lot of signups, which, you know,
02:30 creates synergies at sportsbooks and the promo dollars.
02:33 And, you know, it's just a lot of activity in general.
02:36 So it'd be interesting to see, you know, week two,
02:38 what happens, week three, if the signups stay like this,
02:41 how the activity falls off or continues.
02:44 (upbeat music)
02:47 [MUSIC]