Hyperice announced a deal to become the NFL’s first recovery technology partner. The company will provide in-game recovery devices to NFL teams and players, and “have a presence” at the league’s annual scouting combine. In-game products will include the Hypervolt massage gun and the company’s Venom wearable devices.

It’s been a big year for Hyperice:

• On top of the NFL, the company has official partnerships with the NBA, MLB, UFC, NWHL and PGA Tour. 
• Hyperice is fresh off of a $48 million Series A funding round in October, valuing the company around $700 million. 
• Investors now include the NFL’s venture arm, the NBA, MLB, Patrick Mahomes, Fernando Tatís Jr., Anthony Davis, Russell Westbrook, Christian McCaffrey, Naomi Osaka, Chris Paul, J.J. Watt, and more.

CEO Jim Huether says that the company, which also owns NormaTec, expects to hit a $1 billion valuation in “the next couple of months.” Huether also said that Hyperice won’t go through another funding round and that it could instead pursue an IPO, or look to acquire more companies.

While New Jersey has emerged as the new capital of sports betting in the U.S., Nevada has looked to keep pace: the state broke its previous sports betting record with $659.9 million wagered in October.

Despite the record month in Nevada, it pales in comparison to New Jersey’s $803 million total. New Jersey first surpassed Nevada in May 2019, and has now set three straight monthly U.S. betting records.

Mobile Rules: A larger population helps boost New Jersey’s numbers, but so does its friendly mobile registration rules. In October, 93% of New Jersey’s bets were online. In Nevada — where users must register in person before they can bet online — it was just 57%.

With the pandemic limiting how much time people spend outside their homes, states with mobile-friendly registration rules are seeing the benefits. Colorado saw 98% of its $203.8 million September bets placed online, but has yet to report October.

Top October State Handles: 

New Jersey: $803 million

Nevada: $660 million

Pennsylvania: $525 million

Indiana: $231 million

Dick’s Sporting Goods had a record 23.2% same-store sales increase in its third quarter, helping the retailer top Wall Street estimates.

The record-setting growth helped generate:

• $2.41 billion in revenue, up 22.9% year-over-year
• $177.2 million in profit, up 207.6%
• 95% increase in e-commerce sales 

Online purchases accounted for 21% of Dick’s total third quarter sales, up from 13% last year. 

2020 Vision: Dick’s withdrew its fiscal 2020 outlook, but CEO Edward Stack said the fourth quarter started strong with the continuation of warm weather for outdoor activities and optimism around sales of cold weather sports products, like skiing gear. 

Stack, who has been with the company since 1984, also announced that he would be stepping down from his role to become the company’s executive chairman. Lauren Hobart, who currently is the company’s president, will take over as CEO.