Conventional wisdom holds that professional sports leagues are warming to regulated sports wagering because the industry is growing and it’s an avenue for bolstering fan engagement.<\/p>\n
However, the forecasts for esports and mobile\/social casinos are staggering. Market observers believe that could be a $150 billion-plus segment by 2025.<\/p>\n
Total esports viewership is expected to grow at a 9% compound annual growth rate (CAGR) between 2019 and 2023, up from 454 million in 2019 to 646 million in 2023,\u201d<\/strong> according to Insider Intelligence<\/i> forecasts.<\/p><\/blockquote>\nBy that year, esports television viewership could top all US professional leagues except the NFL.<\/p>\n
As for the mobile side of the equation, the NFL may have the right partner in Skillz. The company’s users spend 63 minutes a day playing its games — twice the industry average.<\/p>\n
Additionally, the Skillz retention rate for customers playing a game for at least a month is 24 percent higher than that of its rivals. Nearly a third of Skillz users playing free games ultimately become paying customers, according to the company.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Mobile games and esports tournament provider Skillz Inc. (NYSE:SKLZ) is on pace for its best day as a publicly traded company after announcing an agreement with the NFL. The pact is unique compared to previous deals struck between gaming companies and professional sports leagues, in that it’s not about generating awareness of sports betting. Rather, […]<\/p>\n","protected":false},"author":46,"featured_media":163446,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3312,20],"tags":[],"acf":[],"yoast_head":"\n
Skillz Stock on Track for Best Day Yet Following NFL Deal<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n