{"id":167728,"date":"2021-03-18T10:07:09","date_gmt":"2021-03-18T17:07:09","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=167728"},"modified":"2021-03-18T13:13:12","modified_gmt":"2021-03-18T20:13:12","slug":"micro-betting-could-take-sports-wagering-world-by-storm","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/micro-betting-could-take-sports-wagering-world-by-storm\/","title":{"rendered":"JPMorgan Forecasts US Micro-Betting Boom"},"content":{"rendered":"

A team of JPMorgan analysts led by Daniel Politzer say micro-betting is shaping up to be the next big thing in sports betting.<\/p>\n

\"micro-betting\"
DraftKings headquarters in Boston. JPMorgan sees a big opportunity in micro-betting. (Image: TheStreet<\/em>)<\/figcaption><\/figure>\n

Micro bets are derivatives of in-game counterparts. With an in-game or live wager, a bettor places a traditional wager — money line, over\/under or spread — with odds adjusted for the fact that the game already started. Conversely, a micro wager is a bet on a specific in-game event, say whether or not a field goal attempt in a football game will be successful, or whether the next pitch in a baseball tilt will be a ball or strike.<\/p>\n

While live wagering is popular in Europe, the pace of many popular domestic sports is conducive to micro-betting. Live wagering accounts for 75 percent of all sports bets in the UK.<\/p>\n

Given the accommodating cadence of US sports with numerous play stoppages in football, baseball, and basketball, versus the continually running clock in soccer, the in-game\/micro-betting opportunity could be substantial,<\/strong>\u201d said Politzer in a note to clients.<\/p><\/blockquote>\n

The analyst sees various forms of live betting driving upside to his forecast of a US sports wagering market valued at $9.25 billion by 2025. That’s a reserved estimate relative to other projections. For example, DraftKings (NASDAQ:DKNG) recently said domestic online sports betting could eventually be worth $22 billion<\/a>, assuming 100 percent legalization.<\/p>\n

Micro-Betting Big Implications<\/h2>\n

Live wagering is already catching an eye within the industry. For example, Australia’s PointsBet (OTC:PBTHF), which also operates in the US, said earlier this week it’s paying $43 million to acquire<\/a> Banach Technology in a move aimed at bolstering its in-game footprint.<\/p>\n

While the JPMorgan analysts don’t go into detail regarding specific stocks poised to benefit from the proliferation of micro-betting, it’s reasonable to surmise the list features the usual suspects with an already sizable share of the US online sports betting market. Those names include DraftKings, Flutter Entertainment’s (OTC:PDYPY) FanDuel business, and Penn National Gaming’s (NASDAQ:PENN) Barstool Sportsbook, among others.<\/p>\n

DraftKings CEO Jason Robbins has spoken publicly about the opportunity-rich field of live wagering and some operators are already teasing the micro concept. For example, FanDuel partnered with Simplebet on a free-to-play game during the 2020 NFL season where users attempted to predict the outcomes of teams’ drives. Simplebet is a business-to-business product-development company.<\/p>\n

Future fuboTV Predictions<\/h2>\n

Should the micro-wagering market blossom on par with the bull thesis laid out by JPMorgan, there are other possible winners.<\/p>\n

Notably, fuboTV (NYSE:FUBO)<\/a> could eventually become a force in the in-game, event-driven market. In fact, some of the company’s biggest investors say that’s part of the thesis that underpins this stock.<\/p>\n

With a regional sports networks (RSNs) deal with Sinclair Broadcast Group and extensive sports wagering operational experience of its own, Bally\u2019s Corp. (NYSE:BALY) is another company that could benefit as micro-betting takes off<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A team of JPMorgan analysts led by Daniel Politzer say micro-betting is shaping up to be the next big thing in sports betting. Micro bets are derivatives of in-game counterparts. With an in-game or live wager, a bettor places a traditional wager — money line, over\/under or spread — with odds adjusted for the fact […]<\/p>\n","protected":false},"author":46,"featured_media":167729,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[],"acf":[],"yoast_head":"\nMicro-Betting Could Take Sports Wagering World by Storm<\/title>\n<meta name=\"description\" content=\"Micro-betting could be huge in the sports betting world, according to JPMorgan analysts.\" \/>\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.casino.org\/news\/micro-betting-could-take-sports-wagering-world-by-storm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Micro-Betting Could Take Sports Wagering World by Storm\" \/>\n<meta property=\"og:description\" content=\"Micro-betting could be huge in the sports betting world, according to JPMorgan analysts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/micro-betting-could-take-sports-wagering-world-by-storm\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-18T17:07:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-18T20:13:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/dkng3-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/micro-betting-could-take-sports-wagering-world-by-storm\/\",\"url\":\"https:\/\/www.casino.org\/news\/micro-betting-could-take-sports-wagering-world-by-storm\/\",\"name\":\"Micro-Betting Could Take Sports Wagering World by Storm\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/micro-betting-could-take-sports-wagering-world-by-storm\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/micro-betting-could-take-sports-wagering-world-by-storm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/dkng3-1.jpg\",\"datePublished\":\"2021-03-18T17:07:09+00:00\",\"dateModified\":\"2021-03-18T20:13:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Micro-betting could be huge in the sports betting world, according to JPMorgan analysts.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/micro-betting-could-take-sports-wagering-world-by-storm\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/micro-betting-could-take-sports-wagering-world-by-storm\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/micro-betting-could-take-sports-wagering-world-by-storm\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/dkng3-1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/dkng3-1.jpg\",\"width\":1200,\"height\":900,\"caption\":\"DraftKings headquarters in Boston. JPMorgan sees big opportunity in micro-betting. 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