Yahoo on Tuesday introduced it has bolstered its presence within the social sports activities betting sector by buying Nashville-based Wagr.
Phrases of the deal weren’t disclosed, in accordance with TechCrunch.
A 3-year startup, Wagr’s enterprise mannequin is concentrated on growing expertise to permit sports activities followers to position bets with pals and friends, highlighted by on-line challenges and chat rooms.
Wagr beforehand raised roughly $16 million in early funding rounds. Greycroft, Seven Seven Six and the Kraft Group had been among the many firm’s roster of buyers.
An early participant, Yahoo Sports activities rivals ESPN as one of many giants within the fantasy sports activities area.
“Whereas we all know our fantasy leagues improve fan engagement and provides folks one thing to root for, the true worth is in protecting buddy teams collectively by competitors and camaraderie across the sports activities they love,” Yahoo Sports activities Senior Vice President Jon Shaw mentioned through press launch. “Buying Wagr creates a right away alternative for us to broaden into new group codecs that may take engagement and pleasant competitors to the following degree.”
THE UCONN HUSKIES ARE NATIONAL CHAMPIONS 🏆
The Huskies knock off San Diego State 76-59 to win their fifth Nationwide Championship in program historical past 🙌 #NationalChampionship pic.twitter.com/w4iOIZaOPd
— NCAA March Insanity (@MarchMadnessMBB) April 4, 2023
Bettors Like March Insanity Extra Than Tremendous Bowl
By way of sports activities betting handles, March 2023 proved to be a record-setting month for a number of states.
March Insanity wagering is proving to be extra widespread than Tremendous Bowl 57, in accordance with a examine.
Regardless of the school basketball’s Ultimate 4 being performed in April, New York and New Jersey reported $2.7 billion in bets. It was only a slice of the broadening pie.
The American Gaming Related anticipated $3 billion in wagers on males’s school basketball throughout 2022. This 12 months, AGA predicted the determine would spike to $15 billion.
With 33 states and the District of Columbia legalizing sports activities betting since 2018, the AGA sponsored a survey that claimed greater than 68 million US residents had been poised “to position a guess on-line, with a bookie, or with a on line casino sportsbook, casually with household or pals or as a part of a bracket contest for March Insanity.”
The determine represents about 18 million extra people who deliberate to guess on the Tremendous Bowl.
Kyle Busch takes the lead on the ultimate lap to win at Talladega!
It’s his first victory there since 2008. #NASCAR pic.twitter.com/GdHVch9q17
— NBC Sports activities EDGE Betting (@NBCSportsBet) April 23, 2023
NASCAR Enters 2nd Betting Partnership
NASCAR is increasing its US sports activities betting footprint.
After partnering with the Powerball lottery earlier this season, the inventory automotive racing large broadened its maintain within the playing area with a partnership with PrizePicks, a every day fantasy sports activities betting platform.
Earlier than embracing the 2 partnerships, NASCAR beforehand shied away from the playing sector.
Not anymore.
With new income streams opening, NASCAR seems to be betting new sponsorships will observe and assist with sagging tv rankings.
NFL Betting Guides 2023
