Leading sports data provider for gaming, media, and fantasy industries and winner of SBC’s Best Data Product award SportsDataIO has sealed a deal with sports stock market Mojo. The main purpose of the new partnership is for SportsDataIO to provide its valuable player data to Mojo. In return, the sports stock market founded by the owner of Minnesota Timberwolves Marc Lore together with co-owner Alex Rodriquez, and tech executives Bart Stein and Vinit Bharara will use the data to fuel its pricing engine.

Mojo Recently Launched in New Jersey With the NFL Season

The 103rd season of the National Football League (NFL) season started off on September 8 with the Kickoff Game between the Los Angeles Rams and the Buffalo Bills. The company that brings together stock market mechanics and fantasy sports gambling officially launched its sports stock market platform in the Garden State after successfully raising $100 million from different investors.

New Jersey NFL aficionados now have the chance to place real money wagers on their favorite athletes’ career prospects, while making use of real-time changes in prices and instant liquidity. In other words, Mojo users are allowed to freely enter and exit any position at any given moment in time, similar to the way stocks work. Since the company has big plans to roll out in every US state where sports betting has become legal, it decided to choose the award-winning provider of data solutions to fuel it with the data it needs to power its pricing engine.

The value of athlete markets goes up and down from their initial public offering prices, influenced by the weekly performance of players, the market sentiment, and the expected value of their careers in the long run. According to Mojo’s vice president Lax Chandra, SportsDataIO has the “best-in-class player data.” Chandra added that the use of 100% accurate and opportune data like the data SportsDataIo can provide was critical for determining the opening value of a player’s stock. The VP praised the Philadelphia-headquartered company’s “comprehensive sports data solutions” mixed with the simplicity in use, calling them “essential” to Mojo’s launch right on time for the much-anticipated NFL season. 

Another Tier-One Brand That Trusts SportsDataIO 

SportsDataIO’s president Dustin Sullivan called Mojo “a sports stock market where fans can invest in athletes.” He added the company was excited to witness Mojo’s ongoing growth in the “exciting new market” while expressing their pride to have been chosen as a crucial ingredient to Mojo’s evolution. At the moment, SportsDataIO has close ties with 300 clients, including tier-one brands and clients such as FanDuel and Entain, now joined by Mojo.

Last month, NBC Sports’ Rotoworld and SportsDatalO inked an exclusive distribution partnership deal. SportsDataIO was launched one and a half decades ago and it offers access to data application programming interfaces, data visualizations, and predictive engines. 

Genius Sports, an official data, tech and broadcast partner that powers the global sports betting industry, has published its financial results for the third quarter ended September 30. As it turns out, Q3 was a very favorable period for the company.

Genius Sports Posted Its Q3 Results

Genius Sports reported group revenue of $78 million during the period, which represents a 13.8% year-over-year increase. Segment by segment, the company’s betting technology, content & services business earned $49 million in revenue. The media technology, content & services segment, meanwhile, earned $17.9 million, representing an increase of 29%, making it the fastest-growing segment. Lastly, sports technology & services earned $11.6 million for the period, representing an ever-so-slight increase of 0.3%.

Genius Sports also recorded a Q3 net loss of $9 million, which is significantly less than what the company lost in Q3 2021. Its AEBITDA, on the other hand, sat at $7.7 million, representing a huge improvement on the $0.4 million loss in Q3 2021.

The United States was the most profitable market, with revenue nearly tripling during the nine months ended September 30, 2022. Overall, the company posted a group revenue of $235.7 million for the first nine months.

CEO Locke Praised the Performance

Mark Locke, the company’s co-founder and chief executive officer, spoke about the financial results. He praised the growth, saying that the company is “pleased to deliver another quarter of growth.” He is glad that the company recorded group adjusted EBITDA profitability and said that the company remains on target to achieve its FY goals that were set during its Investor Day at the beginning of the year.

Locke added that the year was very profitable for the company and was characterized by the strong execution of the company’s strategy.

This year has been characterized by strong execution as we continue to deploy innovative technology, win new customers, and strengthen our key partnerships across the sports, betting, media, and broadcasting ecosystem, all with an eye towards cost discipline and profitable growth.

Mark Locke, CEO, Genius Sports

Q3 was also a very favorable period in terms of strategic expansion. The company penned partnerships with 27 different sportsbook customers, some of which included notable companies such as Bally’s Interactive, North Star Gaming and MaximBet.

It also launched several new free-to-play games in partnership with National Football League franchises such as the Denver Broncos, Indianapolis Colts, Las Vegas Raiders and Los Angeles Rams.

Genius Sports was also awarded the “Live Streaming Supplier” award at the SBC Awards 2022.

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The New York Jets, a National League Franchise, will be taking legal action after one of its sponsors failed to pay a sponsorship fee. Fubo Gaming, which inked a deal with the professional football team a year ago, delayed a $1.18 million payment.

Fubo Gaming Stopped Taking Bets a Month Ago

Fubo Gaming teamed up with the New York Jets in September last year, agreeing to have Fubo as the presenting sponsor on the Jets’ app. The sportsbook, on the other hand, agreed to provide the franchise with $12.4 million over five years. In addition, the two parties joined forces to open a special Fubo Sportsbook Lounge at the MetLife Stadium, providing fans of pro sports with exciting experiences.

Fubo Gaming, also known as Fubo Sportsbook, was FuboTV’s sports betting arm that ended operations last month. On October 17, the operator officially stopped taking wagers to allow its parent company to focus on its profitability goals.

This followed an unsuccessful search for a suitable sportsbook partner for Fubo Gaming. In August the company began searching for a new partner. While many companies had an interest in an agreement with the company, there was not a single suitable candidate that would have helped the company boost its profitability.

Perhaps as a result of the aforementioned hurdles, Fubo didn’t pay a payment of $1.18 million that should have been paid by October 1. As a result, the Jets contacted the Delaware Chancery Court, asking it to appoint a receiver who would have Fubo Gaming pay the due fee.

The NFL Franchise Is Disappointed by Fubo’s “Bad Faith”

As reported by SportsHandle, Foley & Lardner, an international law firm working with the New York Jets, warned that the franchise will do everything in its power to “recover the damages suffered as a result of Fubo’s defaults and bad faith.”

Foley & Lardner added that the sports team is open to a resolution that would be agreeable to both sides if Fubo desires to negotiate. While waiting for a response, the team asked the sports company to reveal more financial information and show whether it really isn’t capable of paying the fee. It also demanded the company post its balance sheet as of October 28.

A FuboTV representative later contacted Sports Handle, telling the news outlet that it believes that the New York Jets’ demands are without merit. The representative added that Fubo will defend its position if the need should arise.

VBET, an award-winning sports betting and gaming operator has vowed to sponsor the upcoming boxing match between Arsen Goulamirian and Aleksei Egorov. Through this move, the operator seeks to expand its presence among fans of professional combat sports.

VBET to Support an Exciting Bout

 The boxing match is one of the most anticipated events in professional boxing. It will see the current WBA cruiserweight champion, Goulamirian, fight against Egorov, an unbeaten rising star. The match is set to take place at La Palsestre in Le Cannet, France, on November 19.

In an interview with France 2, a French television channel, Goulamirian warned his fans that this match is the culmination of his last three years of suffering and promised that “Egorov is going to pay dearly.”

While Egorov remains undefeated, Goulamirian has 26 victories behind his back, including 18 KOs. Egorov, on the other hand, is the 2013 European champion and has eleven victories, seven out of which by KOS. The two athletes are known as bitter rivals, which is why sports fans are so excited about the bout.

This is also why VBET is so thrilled about sponsoring the match. In addition, VBET is a company rooted in Armenia, which reflects Goulamirian’s Armenian ancestry.

The Match Should Have Taken Place a Year Ago

The current fight was originally planned to take place a year ago. Unfortunately, it was postponed because of the raging COVID-19 pandemic. Back then, Goulamirian tested positive for the virus, ruining the plans to host the game.

A year later, the French-born Armenian will crash with his Russian rival in a historic boxing fight. The event will also feature two other matches between other professional athletes. There will be a middleweight category game between Kevin Sadjo and Emre Cukur and a light middleweight bout between Abass Baraou and Milan Prat.

VBET Continues to Expand Its Sports Presence

The decision to support the exciting game reflects VBET’s investment in professional sports. The sports betting operator wants to reach a wider audience with its content and grow its existing footprint. The company also has a significant presence in soccer and is now looking to expand into other sports as well.

Speaking about VBET’s presence in Soccer, in May, the sports betting specialist inked an extension of its existing France-oriented sponsorship deal with AS Monaco, a soccer team from Ligue 1. Several months later, VBET also became the sportsbook partner of OGC Nice, another Ligue 1 team.

The UK Gambling Commission (UKGC) has finally released its much-anticipated “Young People and Gambling Report” after a two-year break caused by the pandemic. According to the report, while gambling protections are efficient, children need better influences to prevent gambling harm. 

3 in 10 Minors Spent Money on Gambling Activities in the Past Year

The UKGC has studied the involvement of players ages 11 to 16 as a way of assessing the gambling market’s safeguards directed toward the protection of children from gambling harms and gambling exploitation. In October, the commission’s research team presented the changes brought to the survey’s design to stakeholders. This way, it offered a deeper focus on those influences that affect youths at-risk of problem gambling or of children who were already dealing with problem gambling.

The commission’s study collected a sample consisting of 2,559 minor players ages 11 to 16 who attended school academies in England, Scotland, and Wales. The report showed that three in 10 study participants claimed to have spent their own money on gambling activities in the past year. In 2020 when the last similar report was made public, 37% of the interviewed players ages 11 to 16 reported having gambled in the previous 12 months. 

Arcade Games, the Most Popular Gambling Activity 

The same report also mentioned that claw grabs, penny pushers, and other similar arcade games were ranked the highest in terms of popularity among the same players, marking a 22% rate of engagement. These games were followed by bets with friends or family members which registered a 15% rate of involvement, with 23% of young players spending their own money on “regulated forms of gambling”.

In 2020, the “Young People and Gambling Report” registered 7% involvement for instant win games, scratchcard games, and other games from the National Lottery. This year’s report has marked a significant drop to 1% engagement with the same National Lottery products. 

Players of ages 14 to 16 were more likely to spend money on forms of gambling that were not regulated, with special emphasis on card games and other wagers made with friends and family members. 

Problem Gamblers and At-Risk Gamblers 

The same survey showed that 0.9% of 11 to 16-year-olds were problem gamblers, while 2.4% were labeled as gamblers at-risk. At the same time, 27.3% of these young players were considered non-problem gamblers.

Male players were more likely to be part of the “at-risk” category, even though the report did not find any gender variations in the “problem gamblers” category. Black players or youths part of minority ethnic groups were more likely to turn into “at-risk” and “problem gamblers” when compared to white players.

The survey also showed that those children who had witnessed family members get engaged in gambling activities were more likely to follow suit, compared to youth who were not subject to similar experiences. Close to 65% of all survey participants considered gambling to be “dangerous”, while 70% felt well informed in regard to gambling risks. Half of the participants also stated they had an adult personally address the matter of gambling risks to them.

Zeal Network, a leading operator in Germany offering online lottery products, released a new trading update Thursday. In its latest report, the company revealed that it has seen strong growth in business volume for the third quarter, which also boosted its results for the first nine months of the year.

Zeal Enjoys 14% Growth in Revenue

For the first nine months of 2022, the company reported revenue of €74.5 million ($75.5 million). When compared to the same period in 2021, when revenue halted at €65.1 million ($66 million), this year, an increase of 14% was observed. What’s more, Zeal’s transaction volume in the first nine months this year increased by 10% to €544.4 million ($552 million).

Further complementing the strong results, Zeal acquired 501,000 newly registered customers for the first nine months of this year. This marked a strong growth in the company’s customer base, considering that for the same period last year, the number of newly registered customers halted at 446,000.

According to Zeal’s trading update, the recent results received a strong boost from jackpots that set records for the period. The company pointed out that LOTTO 6aus49 lottery’s jackpot hit two times the €45 million ($45.6 million) mark, while Eurojackpot recorded its highest jackpot hitting €120 million ($121.7 million) in July for the first time. Without any doubt, those jackpots helped increase the number of newly registered customers.

The Company Plans Further Growth

The company’s chief financial officer (CFO), Jonas Mattsson, said that Zeal is proud of its ongoing growth and its results so far. He explained that to achieve the results the company completed strategic measures.

“We are proud of our continued growth trajectory, which proves that we have also taken the right measures in the first nine months of 2022 to improve even further both in terms of customers and results.“

Jonas Mattsson, CFO of Zeal

Recently, Zeal unveiled a public buyback offer for up to 714.285 shares. This corresponds to approximately 3.2% of the share capital. The price per share is €28.00 ($28.4), or some 9.9% above the “relevant stock exchange price of Zeal shares,” the company explained.

“In addition, we look forward to continuing to make our products accessible to more and more new target groups through targeted partnerships, thus systematically further expanding our reach,“

added Mattsson

Addressing this topic, Mattsson said: “With the share buyback offer, we want to further optimize the capital structure of Zeal Network SE.” Finally, the company’s CFO explained that Zeal plans to continue the expansion of its products and reach new customers via strategic partnerships.

Daniil Medvedev is hoping to defend his Nitto ATP Finals title which he won last year. That’s not going to be easy as he’s got drawn into the Red Group of the 2022 Nitto ATP Finals, together with Stefanos Tsitsipas, Andrey Rublev, and Novak Djokovic.

One of the largest online marketing affiliate companies within the growing iGaming industry, Raketech, released its Q3 interim report. The company acknowledged it has seen strong growth in revenue between July and September this year.

Raketech Reveals Q3 Trading Update, Reports Revenue Increase

Overall, Raketech’s revenue hit €13 million ($12.9 million) for the third quarter of this year. This result represented a significant 34.9% increase from the €9.6 million ($9.5 million) reported for the same period last year. Not unexpectedly, reported EBITDA increased as well, hitting €4.8 million ($4.8 million), up 17.3% when compared to the €4.1 million ($4.1 million) result from Q3 2021.

On the other hand, adjusted EBITDA for the period increased by 8.8% to €4.8 million ($4.8 million). Raketech’s operating profit in Q3 this year soared after hitting €2.9 million ($2.9 million). This result marked a solid 22.3% increase when compared to the operating profit reported for the corresponding period in 2021.

In addition to its financial results, Raketech noted it achieved multiple operational objectives in Q3 this year. The company onboarded sub-affiliates to its AffiliationCloud. This increased the total number of partners to 20 by the end of the third quarter. Raketech noted its preparation for the busy fourth quarter that will be packed with sports events in the US, as well as the World Cup. The company said that in general, Q4 is also “high casino season.”

Revenue and Operating Profit for the First Nine Months Soar

Besides its Q3 results, Raketech released data for the company’s performance in the first nine months of this year. Overall, the company’s revenue for the nine months until September 30, 2022, hit €37 million ($36.8 million), marking a 38.6% increase when compared to the €26.7 million ($26.6 million) reported for the same period in 2021. Adjusted EBITDA for the first nine months of 2022 increased by 25.7%, hitting €13.9 million ($13.8 million). Additionally, operating profit for the period soared. Raketech’s operating profit for the first nine months this year hit €8.1 million ($8.1 million), up 45.9% when compared to the €5.6 million ($5.6 million) result from 2021.

“Revenues totaled €13.0 million, corresponding to 35% growth year over year, and 15% growth compared to the previous quarter.“

Oskar Mühlbach, group CEO at Raketech

Oskar Mühlbach, Raketech’s group CEO, said that an increase in business volumes because of the seasonality helped boost the results in Q3. At the same time, he pointed out that the company captured a positive momentum and grew its AffiliationCloud. Mühlbach explained that other industries were affected by increases in prices and general inflation, while the iGaming industry proved to be resilient. He added: “The iGaming industry, where our customers are present, has been less affected by macro swings, partly driven by the ongoing digital transformation.” Finally, Mühlbach said that the company is excited it about its latest investments in its AffiliationCloud and the US market.

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