The National Football League announced its new sports betting data partnership on Thursday with Genius Sports Group, giving the company exclusive rights to sell the league’s data to sportsbooks.
Terms weren't disclosed.
Although Genius is a huge company that provides data to more than 500 sports organizations in more than 150 countries, the change in provider comes as a shock to many in the industry.
dMY Technology Group II, the SPAC which is taking Genius Sports public, was up 25 percent in afterhours trading.
Many had assumed that the league’s past partner, Sportradar, whose investors include Mark Cuban, Ted Leonsis and Michael Jordan, would be able to renew. Especially because the NFL is an investor in their business.
But, as first reported by Sportico, the NFL will now get equity with Genius.
The Action Network spoke to two sports betting executives whose companies used Sportradar, who said that the company didn’t inform them that they lost the deal.
It’s a bigger deal for some because if they didn’t have a previous deal with a provider who had a deal with Genius, the engineering challenge to match up their systems with what Genius is sending could become an issue. BetMGM, FanDuel and William Hill are Genius Sports clients and could have fewer challenges.
Like Sportradar, Genius will now represent the NFL in sports betting data negotiations in the US and abroad.
The Sportsradar deal for sports betting began in 2019.
