{"id":4932,"date":"2019-05-09T08:46:15","date_gmt":"2019-05-09T12:46:15","guid":{"rendered":"https:\/\/www.realmoneygambling.com\/news\/?p=4932"},"modified":"2019-05-09T08:46:15","modified_gmt":"2019-05-09T12:46:15","slug":"sinclair-group-bets-big-on-sports-and-sports-betting","status":"publish","type":"post","link":"https:\/\/www.realmoneygambling.com\/news\/sinclair-group-bets-big-on-sports-and-sports-betting\/","title":{"rendered":"Sinclair Group Bets Big on Sports and Sports Betting"},"content":{"rendered":"\n\t\t\t\t\n

<\/p>\n\n\n

The Sinclair Broadcast Group has recently bought 21 regional pay-TV sports networks from Disney for a whopping $10.6 billion as part of its big bet on the potential of sports and sports betting<\/a> to transform the company. It has partnered with Byron Allen of Entertainment Studios on the deal and this is expected to help it to position itself as a diverse business with its own distribution of sports-related services<\/strong> \u2013 it is, in essence, cushioning itself for a toehold in the eroding pay-TV business and preparing for a future where betting on sporting activities and events will be both widely available and extremely lucrative especially in the United States.<\/p>\n\n\n

Needless to say, the new sports deal marks a major new\ndirection for the Sinclair Broadcast Group and the United States \u2013 the venture\nis an indication that the company has faith the sports betting will indeed become\nwidely available across the country. In such a scenario, Sinclair knows that the\nprimary beneficiaries of the lucrative sports betting business will be the outlets\nthat will possess or have access to game\ninformation as well as the technology required to bet on those games.<\/p>\n\n\n

“This acquisition is an extraordinary opportunity to diversify Sinclair\u2019s content sources and revenue streams with high-quality assets that are driving live viewing. We also see this as an opportunity to realize cross-promotional collaboration and synergistic benefits related to programming and production,” Sinclair CEO Christopher Ripley said.<\/p><\/blockquote>\n\n\n

As it turns out, the company is already working on the technology that will be used to power in-game betting<\/a> on the broadcast channels it has just acquired.<\/p>\n\n\n

Support from Investors<\/h2>\n\n\n

Investors were very impressed by Sinclair’s big bet on the future\nof sports and sports betting, something that reflected on the company’s stock\nprice which went up 30 percent in early trading last Monday. The company’s\nchief executive mentioned that between $1.5 billion and $2 billion in new revenue would come in from\nsportsbook operators and other companies in the industry. There is definitely something\nto look forward to here.<\/p>\n\n\n

All kinds of sporting activities in the United States continue to become more lucrative as more and more states legalize sports gambling thanks to the Mau 2018 Supreme Court ruling that abolished PASPA and lifted the federal ban on the activity. Perhaps the only setbacks for the industry will be a push by major sports leagues to get a cut of the sports betting revenue in the form of the so-called “integrity fees”<\/a>. Once all these issues are worked out, industry stakeholders expect it to generate tens of billions of dollars.<\/p>\n\t\t","protected":false},"excerpt":{"rendered":"The Sinclair Broadcast Group has recently bought 21 regional pay-TV sports networks from Disney for a whopping $10.6 billion as part of its big bet on the potential of sports and sports betting to transform the company. It has partnered with Byron Allen of Entertainment Studios on the deal and this is expected to help […]","protected":false},"author":8,"featured_media":4933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[295,336,337,338,60,42],"class_list":["post-4932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-acquisition","tag-broadcast","tag-sinclair","tag-sports","tag-sports-betting","tag-sports-gambling"],"acf":[],"yoast_head":"\nSinclair Group Bets Big on Sports and Sports Betting<\/title>\n<meta name=\"description\" content=\"The new sports deal marks a major new direction for the Sinclair Broadcast Group and the United States.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realmoneygambling.com\/news\/sinclair-group-bets-big-on-sports-and-sports-betting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sinclair Group Bets Big on Sports and Sports Betting\" \/>\n<meta property=\"og:description\" content=\"The new sports deal marks a major new direction for the Sinclair Broadcast Group and the United States.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.realmoneygambling.com\/news\/sinclair-group-bets-big-on-sports-and-sports-betting\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Money Gambling News\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-09T12:46:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.realmoneygambling.com\/news\/wp-content\/uploads\/sites\/2\/2019\/05\/sbg.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Leanne Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leanne Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sinclair Group Bets Big on Sports and Sports Betting","description":"The new sports deal marks a major new direction for the Sinclair Broadcast Group and the United States.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.realmoneygambling.com\/news\/sinclair-group-bets-big-on-sports-and-sports-betting\/","og_locale":"en_US","og_type":"article","og_title":"Sinclair Group Bets Big on Sports and Sports Betting","og_description":"The new sports deal marks a major new direction for the Sinclair Broadcast Group and the United States.","og_url":"https:\/\/www.realmoneygambling.com\/news\/sinclair-group-bets-big-on-sports-and-sports-betting\/","og_site_name":"Real Money Gambling News","article_published_time":"2019-05-09T12:46:15+00:00","og_image":[{"width":800,"height":400,"url":"https:\/\/www.realmoneygambling.com\/news\/wp-content\/uploads\/sites\/2\/2019\/05\/sbg.jpg","type":"image\/jpeg"}],"author":"Leanne Simmons","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Leanne Simmons","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.realmoneygambling.com\/news\/sinclair-group-bets-big-on-sports-and-sports-betting\/","url":"https:\/\/www.realmoneygambling.com\/news\/sinclair-group-bets-big-on-sports-and-sports-betting\/","name":"Sinclair Group Bets Big on Sports and Sports Betting","isPartOf":{"@id":"https:\/\/www.realmoneygambling.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.realmoneygambling.com\/news\/sinclair-group-bets-big-on-sports-and-sports-betting\/#primaryimage"},"image":{"@id":"https:\/\/www.realmoneygambling.com\/news\/sinclair-group-bets-big-on-sports-and-sports-betting\/#primaryimage"},"thumbnailUrl":"https:\/\/www.realmoneygambling.com\/news\/wp-content\/uploads\/sites\/2\/2019\/05\/sbg.jpg","datePublished":"2019-05-09T12:46:15+00:00","dateModified":"2019-05-09T12:46:15+00:00","author":{"@id":"https:\/\/www.realmoneygambling.com\/news\/#\/schema\/person\/076af59e2c4546a78a960f2e83c8e657"},"description":"The new sports deal marks a major new direction for the Sinclair Broadcast Group and the United States.","breadcrumb":{"@id":"https:\/\/www.realmoneygambling.com\/news\/sinclair-group-bets-big-on-sports-and-sports-betting\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.realmoneygambling.com\/news\/sinclair-group-bets-big-on-sports-and-sports-betting\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.realmoneygambling.com\/news\/sinclair-group-bets-big-on-sports-and-sports-betting\/#primaryimage","url":"https:\/\/www.realmoneygambling.com\/news\/wp-content\/uploads\/sites\/2\/2019\/05\/sbg.jpg","contentUrl":"https:\/\/www.realmoneygambling.com\/news\/wp-content\/uploads\/sites\/2\/2019\/05\/sbg.jpg","width":800,"height":400,"caption":"sbg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.realmoneygambling.com\/news\/sinclair-group-bets-big-on-sports-and-sports-betting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.realmoneygambling.com\/news\/"},{"@type":"ListItem","position":2,"name":"Sinclair Group Bets Big on Sports and Sports Betting"}]},{"@type":"WebSite","@id":"https:\/\/www.realmoneygambling.com\/news\/#website","url":"https:\/\/www.realmoneygambling.com\/news\/","name":"Real Money Gambling News","description":"Your #1 trusted source of independent gambling information.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.realmoneygambling.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.realmoneygambling.com\/news\/#\/schema\/person\/076af59e2c4546a78a960f2e83c8e657","name":"Leanne Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.realmoneygambling.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6fa4e151cc31db4f076c69828a064e88?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6fa4e151cc31db4f076c69828a064e88?s=96&d=mm&r=g","caption":"Leanne Simmons"},"url":"https:\/\/www.realmoneygambling.com\/news\/author\/leannes\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/posts\/4932"}],"collection":[{"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/comments?post=4932"}],"version-history":[{"count":0,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/posts\/4932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/media\/4933"}],"wp:attachment":[{"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/media?parent=4932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/categories?post=4932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/tags?post=4932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}