{"id":280310,"date":"2023-07-06T15:57:02","date_gmt":"2023-07-06T20:57:02","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=280310"},"modified":"2023-07-06T16:01:41","modified_gmt":"2023-07-06T21:01:41","slug":"genius-sports-nfl-extended-data-accord-stock-soars","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/genius-sports-nfl-extended-data-accord-stock-soars\/","title":{"rendered":"Genius Sports Surges on Extended NFL Data Deal"},"content":{"rendered":"

Genius Sports (NYSE: GENI) and the NFL announced Thursday they extended their data deal through the 2027-28 season.<\/p>\n

\"NFL
NFL Commissioner Roger Goodell. The league extended its deal with data provider Genius Sports, sending the stock soaring. (Image: Getty Images)<\/figcaption><\/figure>\n

Investors, of which the NFL is one of the largest<\/a>, cheered the news, sending shares of Genius higher by 25.65% on volume that was more than 15 times the daily average. Financial terms of the lengthened accord weren\u2019t revealed, but it\u2019s believed Genius paid the league $1 billion in 2021<\/a> for an initial four-year data agreement.<\/p>\n

The new extended deal will run through the end of the 2027-28 season,\u201d according to a statement. \u201cGenius Sports will remain the NFL\u2019s exclusive distributor of real-time, official play-by-play statistics, proprietary Next Gen Stats data and the NFL\u2019s official sports betting data feed to media companies and sports betting operators globally.\u201d<\/p><\/blockquote>\n

Genius has long been a dominant name in the European sports betting<\/a> data market, previously winning deals with the English Premier League (EPL) and Germany\u2019s Bundesliga, among others. The extended NFL deal cements Genius\u2019 status as a major data provider to domestic sportsbooks and one with a significant football foothold — relevant because that\u2019s the most wagered-on sport in the US.<\/p>\n

\u201cGenius Sports powers over 98% of the legalized U.S. sports betting market with official NFL data, driving innovations such as player props, micro-betting, same-game parlays, and personalized data-driven advertising content,\u201d according to the news release.<\/p>\n

Other Details of Genius, NFL Deal<\/h2>\n

As part of the extended data pact, Genius also gained rights to distribute NFL Watch & Bet low-latency live game video feeds to sportsbooks around the world.<\/p>\n

\n

Low latency is pivotal technology for sportsbook operators looking to capitalize on in-game wagering. That technology moves faster<\/a> than the traditional broadcast feed, allowing gaming companies to accurately price live bets. Genius gaming clients include BetMGM, Caesars Sportsbook, FanDuel parent Flutter Entertainment, PointsBet, and William Hill.<\/p>\n<\/div>\n

Genius added that it will harness its evolving artificial intelligence (AI) technology to bolster NFL fan engagement and live wagering.<\/p>\n

\u201cGenius Sports will leverage its machine learning and live streaming technologies to power enhanced viewing experiences for NFL fans through Watch & Bet, and the development of its augmented live video betting products,\u201d noted the company in the statement.<\/p>\n

Analyst Bullish on Genius, NFL Data Deal<\/h2>\n

In late June, Genius inked a similar extension with a major UK football league. B. Riley analyst David Bain says those are encouraging signs.<\/p>\n

\u201cToday’s NFL extension, coupled with its recent UK Football extension and recent showcase of operating leverage\/earnings momentum negate primary investor concerns, in our view,\u201d the analyst observed in a note to clients on Thursday.<\/strong><\/p>\n

He reiterated a \u201cbuy\u201d rating on Genius with a $9 price target. That implies upside of 23.28% from Thurdsay’s close at $7.30.<\/p>\n","protected":false},"excerpt":{"rendered":"

Genius Sports (NYSE: GENI) and the NFL announced Thursday they extended their data deal through the 2027-28 season. Investors, of which the NFL is one of the largest, cheered the news, sending shares of Genius higher by 25.65% on volume that was more than 15 times the daily average. Financial terms of the lengthened accord […]<\/p>\n","protected":false},"author":46,"featured_media":208444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,82961,1074,16693],"tags":[81903,81004,80968,82041],"acf":[],"yoast_head":"\nGenius Sports, NFL Extended Data Accord, Stock Soars<\/title>\n<meta name=\"description\" content=\"Genius Sports stock soars on news of extended NFL data agreement.\" \/>\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\/genius-sports-nfl-extended-data-accord-stock-soars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Genius Sports, NFL Extended Data Accord, Stock Soars\" \/>\n<meta property=\"og:description\" content=\"Genius Sports stock soars on news of extended NFL data agreement.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/genius-sports-nfl-extended-data-accord-stock-soars\/\" \/>\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=\"2023-07-06T20:57:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-06T21:01:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/RG-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1706\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-nfl-extended-data-accord-stock-soars\/\",\"url\":\"https:\/\/www.casino.org\/news\/genius-sports-nfl-extended-data-accord-stock-soars\/\",\"name\":\"Genius Sports, NFL Extended Data Accord, Stock Soars\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-nfl-extended-data-accord-stock-soars\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-nfl-extended-data-accord-stock-soars\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/RG-scaled.jpg\",\"datePublished\":\"2023-07-06T20:57:02+00:00\",\"dateModified\":\"2023-07-06T21:01:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Genius Sports stock soars on news of extended NFL data agreement.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-nfl-extended-data-accord-stock-soars\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/genius-sports-nfl-extended-data-accord-stock-soars\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-nfl-extended-data-accord-stock-soars\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/RG-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/RG-scaled.jpg\",\"width\":2560,\"height\":1706,\"caption\":\"NFL Commissioner Roger Goodell. The league extended its deal with data provided Genius Sports, sending the stock soaring. 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