DraftKings, and BetMGM<\/a>, controlling more than three-quarters of the US online sports wagering market, smaller rivals may have no choice but to merge with each other in a bid to cobble together market share.<\/p>\nSports Betting Consolidation Negative for Data Providers<\/h2>\n
If there are potential losers by way of more sports wagering industry mergers and acquisitions activity, it could be data providers such as Genius Sports (NYSE: GENI) and Sportradar (NASDAQ: SRAD),\u00a0 according to Morgan Stanley.<\/p>\n
The analysts say that if the number of gaming operators declines, the existing firms will gain leverage in negotiations with data providers.<\/strong><\/p>\nThat doesn\u2019t imply the relevance of Genius ad Sportradar is vulnerable, but those firms could experience diminished pricing power if the number of potential clients declines.<\/p>\n","protected":false},"excerpt":{"rendered":"
Speculation regarding sports wagering industry mergers and acquisitions activity, particularly on the operator side, remains intense, and some analysts believe deal-making could perk up as 2023 progresses. In a Monday note to clients, Morgan Stanley analysts observed that over the past seven years, revenue for the world\u2019s five largest sportsbook operators more than quadrupled with […]<\/p>\n","protected":false},"author":46,"featured_media":251111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,32093,1,1074],"tags":[81903,81966,81967,80968],"acf":[],"yoast_head":"\n
Sports Betting Consolidation Could Benefit Big Players<\/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