The legalized U.S. sports betting market doubled in 2021, with more than $52.7 billion wagered throughout the year.
Student fees and institutional support are a common revenue stream for athletic departments, even in the FBS. Rutgers and UConn took it to the next level.
Rei do Pitaco, a daily fantasy sports platform, announced a $32 million Series A funding round led by investment manager D1 Capital Partners.
A group led by private equity firms The Najafi Companies and MSP Sports Capital will buy the X Games from Disney-owned ESPN.
Wagr has completed a $12 million Series A funding round that included owners of the New England Patriots and Philadelphia 76ers.
Netflix reported 2021 fourth quarter revenue of $7.7 billion. The company now boasts 222 million subscribers.
The Tampa Bay Buccaneers’ win over the Philadelphia Eagles on Sunday wasn’t the only triumph for quarterback Tom Brady this past week.
Kent Water Sports has rebranded to Kent Outdoors. The Seawall Capital-owned company acquired two new brands.
MGM Resorts International and Entain are investing around $450 million in BetMGM this year. The companies own BetMGM 50-50.
Liberty Media is the largest sports empire, per Forbes. At $17.2 billion, the group is far larger than the next highest.
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Fox Sports is targeting Saints coach Sean Payton as a possible TV partner for Joe Buck if Troy Aikman leaves for Amazon, sources tell FOS.
Microsoft’s $69 billion acquisition of Activision Blizzard is the largest M&A deal in tech history — and the aftershocks will be impossible to ignore.
Ken Goldin predicts big things for the collectibles market as trading cards and other items have become a new alternative asset class.
Major League Soccer has reportedly entered an exclusive negotiating agreement with billionaires Wes Edens and Naseef Sawiris for a 30th team.
Billionaire Robert F. Smith, the country’s wealthiest Black person, could bid on the Denver Broncos if they hit the market, say sources.
Peloton continues to be shrouded in controversy following a tumultuous 2021 and new revelations of potential layoffs, halted production, and a stock sale by insiders.
Puma has posted record sales and earnings following the release of preliminary results for the company’s fourth quarter and FY2021.