Golf betting simulcast to debut at Waste Management Phoenix Open

A golf betting simulcast is coming around the Waste Management Phoenix Open.

If you’re a sports betting enthusiast, you have been treated over the past two years as more and more states legalize online sports betting and it becomes more mainstream. As partnerships and acquisitions in the space continue to heat up, so do new product offerings being introduced.

Golf fans and, more specifically, golf bettors, you’re up for the next treat.

Earlier this week, NBC Sports, the PGA Tour and PointsBet Sportsbook announced they will present the first-ever golf betting simulcast, which will debut around the Waste Management Phoenix Open next week.

The show, NBC Sports Edge BetCast, will air alongside NBC Sports’ telecast on GOLF Channel and NBC, airing Thursday, Feb. 4 through Sunday, Feb. 7 at TPC Scottsdale’s Stadium Course. NBC Sports Edge BetCast will be available on Peacock Premium, providing a golf-betting, second-screen experience focused on betting odds and lines around the Waste Management Phoenix Open.

The show will be presented over 10 afternoon hours, covering 2 1/2 hours in each of the tournament’s four rounds. The live studio will be overlooking the 16th hole.

“We are excited to debut this unique betting show with our partners at the PGA TOUR and PointsBet,” said David Preschlack, President, NBC Sports Regional Networks, and Executive Vice President, Content Strategy, NBC Sports Group via a press release. “With TPC Scottsdale’s Stadium Course as the backdrop, we look forward to a compelling sports betting presentation on Peacock Premium as a companion to watching the world’s best golfers competing on some of the most iconic holes on the PGA TOUR.”

For years during sports broadcasts, announcers generally danced around odds and sports betting in general. While important to a segment of their audience, it was generally considered taboo to speak of directly. While there have been some general references, the sports-betting community never felt it was enough. That changes moving forward.

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Sports bettors now have a show speaking their language and talking directly about betting opportunities, odds changes, probabilities and more throughout the event.

“The NBC Sports Edge BetCast stream on Peacock Premium is another step forward for our sports betting strategy,” said Norb Gambuzza, PGA TOUR Senior Vice President, Media and Gaming. “We are extremely excited to produce and distribute specialized betting content as a companion to our linear and digital coverage with our partners at NBC Sports and PointsBet. As we continue to embrace sports betting, the TOUR will continue to innovate and find new ways to engage fans around the world.”

Look for this type of experience to just be the tip of the iceberg of what’s to come… not just in golf, but across all sports verticals.

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Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

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Betting Industry: Barstool Sports sells stake to gambling company Penn National Gaming

A popular sports and pop culture media brand is now a gambling company, too. Penn National Gaming purchased 36 percent of digital brand Barstool Sports for approximately $163 million, the companies jointly announced Wednesday. The agreement means …

A popular sports and pop culture media brand is now a gambling company, too.

Penn National Gaming purchased 36 percent of digital brand Barstool Sports for approximately $163 million, the companies jointly announced Wednesday. The agreement means Barstool will continue its plunge into gambling, as Penn National will be the exclusive gaming partner for the company. Under the agreement, Penn National also has the sole right to use the brand for online and retail sports betting products.

That means a Barstool online sportsbook and perhaps even a brick and mortar casino can begin popping up in states where sports gambling has been legalized.

The initial 36 percent investment will increase to 50 percent after three years with an incremental investment of approximately $62 million, according to the agreement. The deal is expected to close by the end of the 2020 first quarter.

At this time, The Chernin Group, which purchased a majority stake in Barstool in January 2017 in a deal worth roughly $100 million, will retain 36 percent control of the company. Barstool employees control the remaining 28 percent.

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