what will encore casino have sports gambling

It’s important to note that Florida is a major sports betting market, considering that its population is approximately 7% of the total population of the country. This makes Sportradar and Genius a perfect fit for the role, given that mobile betting gains traction just like it has in other US states.

Given that legal mobile betting relaunches by beating the outstanding lawsuits, the Tribe may seek reliable providers of sports data and possibly solutions and technology as well. Supplying Much-Needed DataĪccording to Sigdahl, the opportunities that lie ahead of Genius and Sportradar involve the provision of sports data for the Seminole Tribe. On the other hand, the company has a buy rating on Sportradar and a price target of $18.

The announcement comes at a time when Craig-Hallum has a Buy rating for Genius Sports at a price target of $11. Ryan Sigdahl, an analyst for Craig-Hallum Capital Group, the leading research, trading and investment banking firm, suggested in a recent report that the regulated sports betting market in Florida may benefit sports data companies such as Sportradar and Genius Sports. While the Seminole Tribe’s exclusive rights over mobile betting likely won’t allow rival betting operators like FanDuel and DraftKings among others, it may benefit sports data, solutions and technology providers. Now, an industry analyst suggests that online sports betting in Florida may create new opportunities for companies in the sector.

After two years, one long-standing legal saga in the state may have finally come to an end with a decision from the US Supreme Court that cleared online sports betting. After operating for a short period of time, the activity was put on hold, amid legal disputes over the legitimacy of the gaming compact between the state and the Seminole Tribe. Florida legalized and launched mobile sports betting back in 2021.

What will encore casino have sports gambling