Inside the Next Frontier in Sports Betting: Integrated Viewing

There’s never been a better time to be a sports bettor.

As of this month,fans in 18 states(a number poised to increase this year) and the District of Columbia can legally wager on anything from the NFLto Russian table tennisfrom the comfort of their couches via their mobile phones. Meanwhile, TV networks are incorporating odds and point spreads into their productions of live games and producing ancillary programming geared toward bettors, much of it as part of commercial partnerships with gaming operators.

Still, many in the industry believe the betting experience is still in the early stages of its evolution. The “billion-dollar question,” William Mao, vice president of media rights consulting at Octagon, says, is if further integration of live betting functionality into sports broadcasts and streams, can not only increase live wagering, but also viewership, as some industry insiders believe.

Like many in the betting world, IMG Arena Senior Vice President of Commercial Max Wright envisions a future in which live wagering evolves from a “second-screen” experience to a single-screen experience for bettors.

“The end evolution would be having a digital live stream that has odds markets embedded graphically in some way over the broadcast, giving the consumer the ability to use their finger to click and to place a bet right there in the broadcast stream itself,” Wright said, adding the technology is likely a few years away, and could raise ethical and regulatory questions.

In a recent Morning Consult survey, 56 percent of regular sports bettors — defined as those who bet at least once a month — said they bet online or via their mobile phones. Nearly half of regular sports bettors (48 percent) said they would be “very interested” in participating in live betting on the same screen as live video of the event they are betting on, with another 34 percent saying they would be “somewhat interested.” Enthusiasm was particularly high among millennial and Gen Z sports bettors, as well as those who said they bet on esports, soccer, combat sports and tennis.

大部分赌客们,尤其是年轻的属tions and more active ones, also cited ease of use as an important factor in choosing a sports betting service, suggesting operators that intuitively incorporate wagering into the viewing experience could benefit in customer acquisition and retention.

IMG Arena using tech to boost golf betting

IMG领域,努力集团控股的子公司Inc. that works with sports properties on data distribution and monetization, is helping sportsbooks move toward this future on a number of fronts, including licensing live streaming rights to sportsbooks to show alongside in-game betting offerings. In 2020, the company partnered with FanDuel, a division of Flutter Entertainment PLC, to allow the operator to stream select NHL games on its web platform and mobile app alongside in-game betting opportunities.

Mike Raffensperger, FanDuel’s chief marketing officer, noted the operator also streams sports like table tennis and European soccer, which might not be available for U.S. bettors to watch on TV.

Developing a comprehensive live golf betting experience is a massive undertaking that involves using drones to create detailed renderings of each hole and, for DP World Tour events, sending up to 70 full-time employees to each event to record real-time ball location information. For PGA Tour events, the Event Centre relies on the tour’s ShotLink tracking system for real-time location information. The interface offers bettors infinitely more real-time information than does a traditional golf telecast, which is essentially a stream of select live and recently recorded action from around the course.

Wright is bullish on golf’s potential as a live betting sport given that the action takes place all day for four straight days each week. While he said live betting accounts for 70 to 80 percent of action on European soccer, the status quo in golf prior to IMG Arena’s involvement was about 5 percent, with the bulk of bets placed prior to each event.

"Golf today is probably 2 percent of overall sports betting revenue,” Wright said. “Our target is to drive that 2 percent into the high single figures and even into the double-digit figures in terms of overall contribution to sports betting revenues.”

FuboTV’s integrated sportsbook

FuboTV, the sports-focused live TV streaming service, also seeks to marry live sports viewing and betting into a single experience. While many media companies have sought to benefit from the legalization of betting through advertising-based relationships, FuboTV has built its own betting operation byacquiring pre-market sportsbook operator Vigtory, obtaining market access agreements in five states andtaking bets for the first timelate last year in Iowa (and now in Arizona).

Fubo Sportsbook’s signature feature at launch,called Watching Now, syncs the company’s mobile betting app with its streaming service so that the betting markets presented on a user’s phone correspond with whichever event they are watching on their connected TV or other device. If the user changes the channel from a soccer match to a baseball game, the odds markets shown on their phone will automatically switch as well.

David Gandler, the company’s co-founder and CEO, said Watching Now only scratches the surface of how betting integration can enhance the fan experience. He suggested that with machine learning, fuboTV could eventually be able to graphically spotlight players on a user’s fantasy team within a live broadcast and create an NFL RedZone-like feed that switches between games on which a viewer is wagering. He also envisions fuboTV users placing peer-to-peer bets against each other, with leaderboards and prizes to the most successful bettors.

Efforts to bring viewing and betting together in a single interface going forward could be tricky and would still have to answer concerns about preventing underage sports fans from being further enticed to gamble.

“有一个approp质疑riate experience to deliver amongst a normal broadcast,” Wright said. “Because you have under-21s watching, is that the right thing to do?”

These initiatives will require cooperation between sports properties, their media rights partners and sportsbooks. Raffensperger said he expects to see more of this as the U.S. betting industry continues to mature.

“The overlap between sports media companies and sports betting companies is a really interesting and emerging part of the evolution of this industry stateside,” he said. “I do think you'll see increasing partnership and collaboration between the rights holders, the leagues and the operators.”