Business By The Books: Yes, It Is Already Sports Betting Earnings Season

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The first sports betting earnings calls of the season will be held before February even starts.

Both PointsBet and BlueBet will hold their fiscal Q2 conference calls in local time on Wednesday morning, or 6:30 pm and 7 pm Eastern time on Tuesday, respectfully.

Both calls are on the lower side of the US sports betting importance scale but could still provide key information. PointsBet could provide an update on the acquisition by Fanatics, while BlueBet recently confirmed it is in acquisition talks with an Australian sports betting company.

When it comes to top-tier importance, the Disney call on the following Wednesday could provide some interesting data points about the first month and a half of ESPN Bet operations.

PrizePicks adds P2P product

PrizePicks launched a peer-to-peer fantasy product called PrizePicks Arena on Thursday.

Users compete in contests for guaranteed prizes with other users who have the same number of prop-like over/under picks, the same entry fee and similar skill level.

The contests are more traditionally DFS compared to PrizePicks largest offering, which sees users pick over/under selections and bet against the house.

Those prop-style entries have drawn criticism as unregulated sports betting in a number of states including Michigan and New York.

Sportradar losing two from C-suite

Sportradar CFO Gerard Griffin is leaving the company for personal reasons by May 31.

Ulrich Harmuth, the company’s chief strategy officer, is out as part of organizational changes Sportsradar made to “drive further operating efficiencies and increased innovation across our business.”

The same release reaffirmed adjusted EBITDA guidance of €162 million to €167 million on guided revenue of €870 million to €880 million. Sportradar also continues to expect at least 20% growth in both metrics for 2024.

Pavilion Payments supporting ICRG

Pavilion Payments is supporting and contributing to a research initiative with the International Center for Responsible Gaming.

The research is “aimed at developing tools to foster responsible gambling practices.”

Championship Darts, ALT Sports partner for sports betting data

ALT Sports Data is now the exclusive distributor of betting data for Championship Darts Corporation.

The CDC is a global affiliate of the Professional Darts Corporation and will be the first darts organization based in North America to offer live betting on events.