Verizon Sports Gambling

  
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Verizon/Yahoo Sports have the rights to stream every national and in market NFL game, the same games you would see on your cable tv, to fans on their phones and tablets. We added a new feature this year, called Watch Together, so that you can watch the game while also videoconferencing with your friends. In a piece published yesterday, Bloomberg cited anonymous sources familiar with the matter who claim Verizon “has been meeting with experts and consultants to assess the potential for a sports-focused online gambling venture” if the federal sports betting prohibition is lifted. Verizon Eyes Sports Betting and Media Content Known primarily as a mobile phone provider, Verizon entered the sports betting world through a partnership with MGM Resorts International in November. The company hopes to expand its relationship with MGM into at least five more states this year, and add content sites. The future of sports gambling and the explosion of daily fantasy are explored. As the 2018 NFL Playoffs kick off, professional gamblers, han.

Last November, Verizon Communications entered the sports betting world when it partnered with MGM Resorts International in New Jersey. The company, through Yahoo Sports, expects to expand its MGM relationship to at least five states in 2020.

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The phone company plans hinge on sorting out the various state policies and platforms, Verizon Media Chief Executive Officer Guru Gowrappan told Bloomberg News at the CES electronics show in Las Vegas.

Companies like DraftKings Inc. and FanDuel Inc. dominate the sports betting field, but with 16 million active users on Yahoo Sports and a BetMGM sportsbook in New Jersey, Gowrappan said there’s a foundation for a larger betting network.

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“It’s an important priority for us, and a huge bet for us,” he said.

Verizon, which ranks as the largest U.S. wireless carrier, has relatively few side businesses, and has been focused almost completely on the rollout of 5G service. Gowrappan spent last year restructuring the media business, previously called Oath. He calls this year a building period.

In August, Verizon sold blogging platform Tumblr as part of a broader strategy of moving away from user-generated content and social media. Gowrappan said additional asset sales are unlikely, but there could be opportunities in content or advertising.

Verizon Media may also involve itself in the presidential campaign. The company has a site that consists of candidate profiles and 90-second elevator pitches from each candidates.

“We’ve launched an election hub, which focuses on bringing all our content together, creating an election experience for consumers who are going to vote in 2020,” Gowrappan said.

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