What is it?
The Bloomberg Business Podcast’s hosts Jason Kelly, Michael Barr and Mike Lynch, gave a sports and betting news round up from the past week.
In the episode they interview Nigel Eccles, co-founder & CEO of sports app, Flick, and co-founder and former CEO of fantasy sports and betting platform FanDuel, about the gambling industry, and the future of Flick. They discuss how sports fans are increasingly engaging online.
As well as this, they break down the company’s fundraising efforts, its path to monetisation, Flick’s deal with BetMGM in the U.S., the transformation of fan engagement during the pandemic and why Flick is targeting sports influencers for the platform.
Who is it?
Nigel Eccles, co-founder & CEO, Flick, and co-founder and former CEO, FanDuel
Bloombers’s Business of Sports Podcast: Jason Kelly and Michael Barr follow the money in the world of sports, taking listeners inside decisions that power the multibillion dollar industry. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back-page entertainment. The show explains the money behind the final score.
Flick: A sports chat app that allows sports influencers to engage with their fans
Flick draws an audience of influencers and fans who want to engage on a deeper level with the content, creators and a community gathering around your brand. A place to find, grow, foster and retain a loyal and engaged fan-base, who you can reach out and speak to directly.
FanDuel: FanDuel Group is a New York City headquartered gaming company that offers sportsbook, daily fantasy sports, online casino and online horse race betting products.
What is being said?
Mike Lynch: “On election day Maryland, Lousianna and South Dakota overwhelmingly approved sports betting and now we’re up to 25 states. Two years ago the Supreme Court said it could be legalised. It was up to the states now, half the states in the union have legalised sports betting and it won’t be long before all 50 are going to have it.”
Nigel Eccles: “Sports betting – still early. Last year I think total revenue for operators was half a billion, this year is going to be over a billion dollars. This is a market that is going to go to $20-30bn. We’re probably 5 percent of the way there in terms of the size of the market.”
Why should I watch it?
It gives an excellent round-up for a week not only in US betting but in US sport also briefly touching upon the pandemic and its impact of sport, the recent legalisation of sports betting in Maryland, Lousianna and South Dakota and its impact on the offshore market, also giving a quick sport overlook.
The interview gives a deep insight into the sports betting landscape within the US and elaborates on innovative ideas that could change how we view sports betting landscape including how a new social platform can work with the sports betting industry.
Where can I listen to more?
Spotify: Bloomberg Business of Sports