We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sports Gambling Update, New ESPN Boss, & NCAA Financials
Read MoreHide Full Article
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research. On this week’s episode, we dive into the latest news surrounding the potentially game-changing sports gambling case, the headwinds facing ESPN’s new president, the big business of the NCAA, and much more.
New York and over a dozen other states have joined New Jersey in its fight to legalize sports betting. At the same time, the NBA and MLB have started to lobby heavily around the country to make sure they get a piece of the action.
Aside from the major professional sports leagues, gambling giants like MGM (MGM - Free Report) and William Hill WMH might benefit greatly from broader legality, while some tech companies such as Microsoft (MSFT - Free Report) and Sony have filed sports betting patents.
Disney (DIS - Free Report) has also been in the news recently after the company finally announced its new president. James Pitaro, who filled the vacancy left by John Skipper, joined the sports network at a rocky and highly important time.
Pitaro’s first big challenges will be rolling out the company’s new streaming platform and dealing with low viewership numbers for some its prime programming, including SportsCenter and Monday Night Football. ESPN is also reportedly in a fight with Fox (FOXA - Free Report) to bring Peyton Manning to the broadcast booth, which could help boost ratings.
This week also marks the start of one of the richest and most popular months of sports television. NCAA March Madness is sure to draw a lot of attention as people fill out brackets all over the country—but also some criticism based on the money it makes from its massive TV deals with CBS and Turner .
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Sports Gambling Update, New ESPN Boss, & NCAA Financials
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research. On this week’s episode, we dive into the latest news surrounding the potentially game-changing sports gambling case, the headwinds facing ESPN’s new president, the big business of the NCAA, and much more.
New York and over a dozen other states have joined New Jersey in its fight to legalize sports betting. At the same time, the NBA and MLB have started to lobby heavily around the country to make sure they get a piece of the action.
Aside from the major professional sports leagues, gambling giants like MGM (MGM - Free Report) and William Hill WMH might benefit greatly from broader legality, while some tech companies such as Microsoft (MSFT - Free Report) and Sony have filed sports betting patents.
Disney (DIS - Free Report) has also been in the news recently after the company finally announced its new president. James Pitaro, who filled the vacancy left by John Skipper, joined the sports network at a rocky and highly important time.
Pitaro’s first big challenges will be rolling out the company’s new streaming platform and dealing with low viewership numbers for some its prime programming, including SportsCenter and Monday Night Football. ESPN is also reportedly in a fight with Fox (FOXA - Free Report) to bring Peyton Manning to the broadcast booth, which could help boost ratings.
This week also marks the start of one of the richest and most popular months of sports television. NCAA March Madness is sure to draw a lot of attention as people fill out brackets all over the country—but also some criticism based on the money it makes from its massive TV deals with CBS and Turner .
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>