• Loading stock data...
Friday, April 19, 2024
Countdown to the Miami Grand Prix
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds
Presented By:
Sports Betting

NHL Takes Equity In PointsBet

By
UPDATED February 11, 2021 | 09:46 pm
  • The NHL is receiving equity in sports betting operator PointsBet as part of their partnership.
  • Both companies are heavily entwined with NBC Sports.
Aaron Doster-USA TODAY Sports

The NHL sweetened its new deal with PointsBet by receiving equity in the sports betting operator.

As part of an agreement that names PointsBet an “Official Sports Betting Partner of the NHL,” the Australian-based operator is set to allocate 43,106 shares to the NHL.

The shares are currently worth around $531,000 and will be equally issued after 12 months, 24 months and 36 months. 

The move comes after PointsBet became the exclusive betting partner for NBC Sports in August in a five-year deal valued at around $500 million. PointsBet content will now be featured during NBC’s broadcasts of the NHL.

FanDuel, William Hill and MGM have all previously partnered with the league.

This isn’t the NHL’s first equity deal in sports betting either; it invested in DraftKings in 2014 before the betting operator went public.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jazz owner Ryan Smith
by

Utah’s Long-Term Hockey Dream Is a Short-Term Logistical Nightmare
Ryan Smith now faces a lengthy to-do list to prepare for the next NHL season.
by

NBA’s Lifetime Ban Highlights Surge in Gambling-Related Incidents
The NBA’s lifetime ban on Jontay Porter marks a crescendo of escalating incidents across the industry.
by

To Sum Up Current Commanders, Coyotes Situations: It’s Complicated
The Commanders hire a Capitol Hill insider as the team continues its stadium pursuit.
by

For Caitlin Clark and Other Rookies: Now a 29-Day Sprint to WNBA Debut
The league regular season starts swiftly after college basketball ends.
podcast thumbnail
podcast thumbnail mobile
Front Office Sports Today

Why Ian Rapoport Lives for the NFL Draft’s Chaos

0:00
0:00

Featured Today
by

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?
A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run
Two college seniors are facilitating deals for NC State’s big man.
Mar 31, 2024; Portland, OR, USA; NCAA officials measure the three point line while coaches from the Texas Longhorns and NC State Wolfpack watch with referees in the finals of the Portland Regional of the NCAA Tournament at the Moda Center center.
April 1, 2024

NCAA Has No One to Blame for Latest Women’s March Madness Transgressions
NCAA is still making avoidable mistakes three years after a complete overhaul.
Nov 16, 2015; Bloomington, IN, USA; General view of the championship banners at Assembly Hall prior to the game between Austin Peay and Indiana.
March 31, 2024

How to Make It in Basketball: Become a Manager at Indiana
Inside the Hoosiers’ unglamorous, profoundly rewarding incubator for basketball’s biggest names.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Apply Now
Adidas
Multiple - USA Careers
Apply Now
FanDuel
Multiple - USA Careers
Apply Now

More in Sports Betting
by

NBA Bans Jontay Porter for Life After Gambling Investigation
The NBA found that Porter gave injury information to sports gamblers, among other violations.
April 12, 2024

A Decade-Long Timeline of the Shohei Ohtani–Ippei Mizuhara Saga
Ohtani’s former interpreter has been federally charged with bank fraud.
April 16, 2024

Jontay Porter Bet ‘Millions’ on FanDuel Account: Report
The Raptors forward is currently under league investigation.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat
How Oracle’s POS technology is helping fans get back to their seats faster.
April 11, 2024

Following a Long List of Blows, MLB Walks for a Change
Officials say the Dodgers’ superstar is ‘considered a victim in this case.’
April 11, 2024

Shohei Ohtani’s Interpreter Stole $16 Million to Cover Gambling Losses, Feds Say
Authorities detailed how Ippei Mizuhara hid bank transfers from Ohtani.
April 10, 2024

Shohei Ohtani’s Interpreter Pleading Guilty to New Charges, per Report
Ippei Mizuhara is said to have lost over $4.5M of Ohtani’s money.
April 2, 2024

Sportsbooks Say Iowa-LSU Smashed Records
It’s the new all-time most-wagered women’s sports competition on FanDuel.