Bally Bet Expands to Tennessee, Ends RSN Sponsorship

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Transcript

00:00Let's get to the very latest on Bally.

00:05They've been in the news this week for apparently, you know,

00:08their sponsorship is ending with these RSNs with Diamond Sports.

00:11It looks like FanDuel is taking over there.

00:13So that was part of Bally's early news this week.

00:15Now we have news that their sports book is opening in a new state.

00:18Where is it?

00:19It's Tennessee, Craig, and it's one of those states that you

00:23wonder why more sports books aren't in it because there's no

00:27license cap in Tennessee.

00:30Anybody can go and get a license as long as they qualify.

00:33So this is BallyBet's 10th state.

00:36If you remember, Craig, BallyBet scrapped the billions they spent

00:41on their own technology and they decided to go with Camby to provide

00:45their technology for them.

00:46And they've been slowly moving into states now ever since they've

00:49made that change.

00:50It's cheaper for them on the long run.

00:52The smaller companies, the fixed costs are sometimes cheaper than

00:56having to maintain the overall structure of a sports book and

01:00everything that goes into running one.

01:01So the thing is, Craig, we won't know how BallyBet does in

01:06Tennessee.

01:06They don't break out revenue or handle or anything like that.

01:09They simply tax handle.

01:10They're the only state in the country to do that.