Sports Betting Trends: A Fresh Look
Sports betting enthusiasts, Wall Street Bets, secure deal with Major League Baseball (MLB) in partnership with Sportradar; Boyd Gaming's future within the sports betting scene specified.
Wanna know what's sizzling in the world of sports betting? Let's dive in!
Sportradar's Expanded HorizonsThe recent partnership between Sportradar and the MLB, stretching through 2032, is turning heads in the industry. According to Rege Behe from our site, this move makes Sportradar's position in the online sports betting market more secure, bolstering its exclusive agreements with the NBA, NHL, ATP, Bundesliga, UEFA, and now MLB.
J. P. Morgan's TakeAnalyst Samuel Nielsen reckons this union removes a significant roadblock for Sportradar and even sees potential for increased EBITDA estimates. While Sportradar hasn't shared guidance for 2025, Nielsen anticipates further expansion in profits, with a projected margin increase of nearly 160 basis points year-over-year in 2025.
Boyd: A Positive Move ForwardOn a slightly different note, let's talk about Boyd, a name that's been making waves too. Barry Jonas of Truist Securities gave Boyd a thumbs-up, citing stronger performance across the portfolio, with Treasure Chest driving growth. Boyd expects more of the same in 2025, with growth fueled by capital projects.
In the PipelineJefferies analyst David Katz also applauded Boyd's solid quarterly performance. He anticipates growth to continue in 2025, mainly due to capital projects and the company's pipeline. Katz remains bullish on Boyd, favoring its capital growth projects, low leverage, and long-term opportunities.
Now, while there's no concrete info on a potential MLB deal for Sportradar, considering its recent FIFA and DAZN partnership for the 2025 FIFA Club World Cup, the signs indicate a pattern of expansion and innovation. A hypothetical MLB deal might involve facilitating advanced data analytics, firming up its North American presence, and bolstering integrity measures to keep the sports betting scene trustworthy and exciting!
Sports betting trends continue to evolve with Sportradar's expanding agreements, such as the one with the MLB, which strengthens their position in the online sports betting market. In the sports world, Boyd's solid performance and upcoming capital projects hint at potential growth in the realm of sports, further fueling interest in sports betting.
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