Sports Betting The Key To Allow Wearables During NBA Games A New Major Revenue Opportunity For the

Sports Betting, The Key To Allow Wearables During NBA Games & A New Major Revenue Opportunity For the NBA & Other leagues.

Until now, the NBA did not allow the use of mobile devices during NBA games. But we believe that thanks to sports betting, this will really change soon. In this analysis, we will tell you what the situation is with handheld devices in the NBA and other sports leagues, how sports rates will change the game, and how other leagues, these NFL, are already working on sports rates. New possibilities for significant revenue and how to recover from the negative impact of COVID-19.

Wearables are still not allowed during live NBA games. The NBA only allows wearables in practice and in the G League

In real time, the NBA does not allow teams to use mobile devices during NBA games. The league allows them only during classes and games G League. In the past, the NBA has been quite strict about NBA players who tried to apply handheld devices during games and this led to work consequences. So, go back a few years to Matthew Dervedov, Cleveland Cavaliers, playing 15 games towards the hoop with clothes on his wrist. Then, as the NBA reported the presence of Della-Eyebrow, he escaped a big penalty on his wrist, but he was not allowed to reattach it. This is a general model for the same thing with the introduction of mobile devices during games.

Other sports leagues such as the MLB & NFL allow the use of wearables during live games

In North America, the NBA is one of the few major leagues that do not allow the use of mobile devices during games. As shown in the table below, MLB allows the use of three mobile devices (whoop, Zephyr, and Motus) during games. The NFL also allows teams to use mobile devices during games. For example, NFL players wear Zebra RFID chips to measure speed, acceleration, pace, etc. To measure. NFL - Teams also use wearable devices from these companies during NFL games, such as Plantiga, a startup that makes "smart" tops. In MLS, teams are allowed to use GPS systems, but players decide and agree to wear GPS systems or not during games.

Source: Upside Global Confidential, 2021

NBPA teamed up with wearables startups such as Whoop

Players associations like the NBPA are working closely with startups in the field of wearable devices. As their turn, a leading start-up in the field of wearable devices, which was interested in $400 million a while ago.

NBAPA Chairman Chris Paul has been a supporter of Whoop for many years. Whoop is really paying off by putting his signature on such an agreement with the NFLPA.

NBA agents and players concerned about NBA teams using Wearable data to negotiate contracts

Historically, the NBA and NBAPA agents oppose the use of wearable terminals during the match, and use the NBA team to negotiate the wearable terminals for contract negotiations and tests for players. He has expressed doubt about all possibilities. In our view, this is a completely reasonable concern.

But the NBA, NBA Agents and NBPA could embrace sports betting and the use of wearable data if they receive a cut of the sports betting revenue

Now, from the NB A-head, he will observe the introduction of wearable devices during the fastest match when it becomes part of the profit from tariffs for NBA and NBAPA sports, so let me know what happened. Gave me. I think this is a meaningful suspicion.

Wearable data + AR + AI digital coaching, during live game, set to be the killer use case for NBA coaching staffs

In our view, sports charges will borrow central space, which will be one of the most famous varieties of using portable devices in the world of the bes t-chosen sports:

As we mentioned in the previous analysis, in the future of the 5G era, we are not only the probability of the player's wearable data, biological information, statistical data, but also the implementation for actual betting and the 5G AR / mixed reality. I am waiting for the appearance of technology.

Today, we are already looking for a glimpse because we already have a chance to look like a similar skill for fans. In real time, SHOTTRACKER in which fans of the stadium arrested a mobile phone, looked at the players in the background, look at it during sports actions, and look at his statistical data and biometric data in the form of AR. Invite A R-invites applications. The following can be viewed here, you can see the AR application Shottracker AR, and you can see this AR application video clip here.

We also believe most of the supplementary videos in real time in real time. This idea is to recover the complementary video, bet on the next match, and to compete with your friends in real time during the match. Companies, such as the WSC Sports, who play a leading role in the field of video recovery based on the origin of artificial hearts, must play such a leading role. Eventually, it surpasses the emotions of the fans, increases their involvement, increases tickets, and leads profits.

Wearable data + sports betting, the next big revenue opportunity for the NBA and other major sports leagues.

As I mentioned earlier, we talked to one of the NBAs in charge a while ago, but in the near future he will have the ability to allow the introduction of a mobile device during the match. I think it will be. In fact, he believes that sports betting will be the only trigger for NBA and NBAPA teams to allow them. Why? The NBA agent, athletes, and NBAPA will allow this if they receive the profits from the sports betting fees.

The NFL making big bets on sports betting. Expected to make $270M from sports betting this year.

It is said that NFL, which was historically opposed to sports betting, had caused an extraordinary incident, but I just agree.

"Former NFL Live's moderator, Tray Winggo, said," It's like a 18 0-degree direction than when I was in NFL, but they accepted it. "I have money at the end of the day. NFL knows how to make a very good money, "Wingo continued. Tray Wingo is currently the Chief Trend Manager and Ambassador of the Caesters Entertainment brand.

The NFL is very aggressive in the sports fair, working with gambling, filling the broadcast with gambling content, and penetrating the stadium. In April, the league announced his cooperation with Caesters, Draft Kings and Fandecell as an official sports betting partner.

So, how much is expected this year's NFL sports betting will be? According to the league finance, the league is expected to earn $ 270 million from sports fees and gambling this year.

"It is certain that the market will grow to $ 1 billion in the last decade," said Christopher Calpin, the highest strategy and development specialist executive vice president.

This season, Better can actually earn more than $ 20 billion football charges. According to the Playusa Industry Analyst, it gains $ 1. 5 billion in sportsbooks. The following is the details:

  • Playusa predicts that the NFL fees that do not count the bed are at least $ 12 billion and have at least $ 800 million in sportsbooks.
  • Space} also predicts that adding a university tackle that is not related to the Palisku will be at least $ 8 billion and will bring sportsbooks $ 550 million.
  • Fiesta Bowl and Galantide rate bowl also partnered with Caesters Entertainment this year.

Football betting could help sports betting companies become profitable

Not all companies involved in sports betting have made a profit. As a result, Draft Kings lost $ 350 billion in the second quarter, despite the fact that sales increased by about triples from the previous year. The Caesters section, which handles sports rates and online games, had a deficit of $ 22 million in the second quarter.

The IBIS WORLD REPORT, announced in 2018, has an estimated evaluation of $ 55 billion (about 6 trillion yen) per year, completely legalized in the United States. In the same year, the Gambling Association has evaluated the illegal gambling market of $ 150 billion.

Based on all of these, it is clear that sports betting fees are a great opportunity for both teams, leagues and sports betting companies.

NFL: 21 yo+ are frequent sports betters.

According to NFL estimates, fans over the age of 21 are doing sports betting at 20 %. 30 % are random sports betors or beginners, who answered that if they were legalized, they would actually do a bed with their staff, but they would not illegally. Another 30 % were exactly the same, and 20 % were people called "aggressive refusals." The percentage of "aggressive rejection" has decreased for each year when NFL conducted a similar survey, and is now within 12 %.

In many cases, young people and men play sports gambling. Among the strong wisdom, women within 60 % were more than 55 years old, with the most peaceful majority.

Other leagues (MLS, NHL, AFL, etc..) set to follow suit

We only understand Initiative, and start actively acquiring sports beds in conjunction with portable data, so we are actually the leading sports league in the world. I believe it will follow. This is even more burning in the pandemic world, in which the sports league is seeking new abilities to make a great profit to alleviate the consequences of Cobid 19.

Conclusion: Ultimately, we believe that if there is an economic catalyst, the main lumps of league, players associations, and agents will not care much about applying portable data to contract negotiations. I am. As a result, I believe that the actual sports gambling will be the true propulsion of this process. This will reveal new skills for the team, for example, to make a profit for the team. While soccer clubs such as Barcelona have announced a loss of 1. 3 billion euros, Sports Betting offers unique opportunities to contribute to the club to reduce the results of COVID-19. This definitely excludes another sports betting rate. For long opportunities, we hope that most of the sports league will actually experience portable data as a ratio of sports charges. According to < Span> NFL estimates, fans over the age of 21 are doing sports betting at 20 %. 30 % are random sports betors or beginners, who answered that if they were legalized, they would actually do a bed with their staff, but they would not illegally. Another 30 % were exactly the same, and 20 % were people called "aggressive refusals." The percentage of "aggressive rejection" has decreased for each year when NFL conducted a similar survey, and is now within 12 %.

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Elim Poon - Journalist, Creative Writer

Last modified: 27.08.2024

Ticket Sales will continue to be a key revenue stream in the sports industry, increasing from $46bn in new and engaging 'real-time' betting opportunities. have to work to give players the option to maximize revenue generated through wearable technology while maintaining ownership over personal data. According to Statista, global online gaming and sports betting app development will reach $ billion by ; by this amount should rise up to $

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