Welcome to the latest episode of the of the Full-Court Finance podcast from Zacks Investment Research. With the 2018 FIFA World Cup underway, Ben Rains dives into why it is so important that the 2026 World Cup is coming to North America. Rains then discusses all of the latest happenings in the sports betting world, as more companies get in on the action.
The U.S. didn’t make the World Cup for the first time since 1986, which will likely impact Fox’s FOXA coverage this summer. However, the company also holds the rights to the 2022 and 2026 World Cups, along with Spanish-language network Telemundo, which is owned by NBCUniversal CMCSA. The 2026 bid was a little shady and upset the likes of ESPN DIS and others—helping FIFA live up to its somewhat poor reputation.
But with the United States set to host 60 games in 2026—many of which are likely to be in primetime—in what will be the first 48-team World Cup, Fox and Telemundo look to be the clear winners. More matches, more teams, and primetime games will likely attract many more companies on top of the major players Coca-Cola KO, Visa V, Budweiser BUD, McDonald’s MCD, Adidas ADDYY, and Nike NKE.
Moving onto sports betting, a small soccer related partnership between William Hill WIMHY and Las Vegas Lights FC, of the United Soccer League USL, will see the betting company become the soccer team’s official sports book. The deal will allow fans to make live in-game bets through William Hill’s mobile app—partnerships like this are sure to become more commonplace as legalized sports betting becomes more popular.
Sports gambling is now up and running in Delaware and New Jersey. Daily fantasy giant DraftKings has already applied for a sports betting license in New Jersey, which could kick off a wave of established companies, including Wynn WYNN and MGM MGM, rolling out sports betting locations and platforms throughout the country.
Meanwhile, investors should pay attention to tech companies, like Microsoft MSFT, Sony SNE, and even Twitter TWTR, to see if they utilize their infrastructure to get in on the massive mobile sports betting scene. It will also be worth keeping an eye out for any sports betting acquisitions, as startups are sure to pop up.
As a reminder, if you feel that we missed something, or if you have any topic suggestions, shoot us an email at email@example.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating on Apple Podcasts.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Wynn Resorts, Limited (WYNN) : Free Stock Analysis Report
MGM Resorts International (MGM) : Free Stock Analysis Report
The Walt Disney Company (DIS) : Free Stock Analysis Report
Twitter, Inc. (TWTR) : Free Stock Analysis Report
Sony Corporation (SNE) : Free Stock Analysis Report
Anheuser-Busch InBev SA/NV (BUD) : Free Stock Analysis Report
Coca-Cola Company (The) (KO) : Free Stock Analysis Report
Comcast Corporation (CMCSA) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Twenty-First Century Fox, Inc. (FOXA) : Free Stock Analysis Report
McDonald's Corporation (MCD) : Free Stock Analysis Report
NIKE, Inc. (NKE) : Free Stock Analysis Report
Adidas AG (ADDYY) : Free Stock Analysis Report
Visa Inc. (V) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research