- 4 months ago
Category
🥇
SportsTranscript
00:00There was no bigger story last night than, of course, the trade that shook the NFL world.
00:05Micah Parsons, after the stalemate with Jerry Jones, owner of the Cowboys,
00:10would they work it out or would this be just another C.D. Lamb, Ezekiel Elliott,
00:15Dak Prescott kind of situation? No.
00:19Micah Parsons actually dealt, traded away the superstar to the Green Bay Packers.
00:25Instantly, Super Bowl contenders there in Green Bay.
00:28The specifics are on your screen.
00:30Dallas gets two first-rounders in 26 and 27, likely both picks that will be in the 20s,
00:36and Pro Bowl defensive tackle Kenny Clark, whereas Parsons goes solo to the Packers
00:41and gets himself a hefty deal.
00:43Four years, $188 million, $136 million guaranteed.
00:49He is now the highest-paid non-quarterback in the NFL in terms of average annual value.
00:55$47 million per year.
00:59Jerry Jones, you cannot be serious letting this happen.
01:03Well, he said the marriage just wasn't meant to be.
01:06There's no question that I could have signed him in April.
01:09And so we all know that to have agreements, all parties have to agree.
01:20But this was by design.
01:25I did make Micah an offer.
01:29It wasn't acceptable.
01:31And I honored the fact that it wasn't done in the way that he wanted to do it through an agent.
01:40So he made an offer.
01:42There's not an ounce of vindictiveness.
01:45There's no bad feelings on my part about the fact that we didn't come together on an agreement.
01:55Jerry Jones had the gall to say he believes the Cowboys, after this trade,
01:59could be better than they have been the entire time that they had Micah Parsons.
02:04It's absolutely insane when you consider what this guy, as an individual, I suppose,
02:09has done out there on the field to help his team.
02:12Three All-Pros, four Pro Bowl selections, Defensive Rookie of the Year, 52.5 sacks in four years.
02:20He is the only player other than the legend, the late, great Reggie White,
02:24to have at least a dozen sacks in each of his first four seasons.
02:28Nine force fumbles, four fumble recoveries, incredible Dallas tenure for Micah Parsons.
02:34But now he will be wearing green in Green Bay.
02:37And I'm not so sure the Dallas fans are going to recover from this one.
02:41We'll see. We will see.
02:43Well, something that will not shock my fellow degenerates out there who may be watching or listening,
02:48the NFL is expected to see roughly $30 billion, $30 billion wagered on the season this year
02:59across U.S. sportsbooks, up 8.5% from $27.5 billion last year.
03:06That is according to the American Gaming Association.
03:09It includes individual games.
03:10It includes futures.
03:12Legal sports betting, as you know, is across 38 states right now,
03:17plus Washington, D.C.
03:18So who knows?
03:19Maybe as more states come in, that much more will be wagered.
03:23It could get to $31, $32 billion.
03:25I don't know.
03:26What's even crazier, too, is that number is just betting.
03:30It doesn't include predictive markets.
03:32It doesn't include sweepstakes.
03:33It doesn't include daily fantasy sports.
03:35We love to bet NFL.
03:37It is by far the most bet on sport across the country here in the U.S.
03:44Sticking with football.
03:45Let's talk about the New York Jets, because if we don't do it now, when will we justify doing that?
03:51Honestly, we've got to get it all in before the season starts and everything goes to hell.
03:55Justin Fields is the new quarterback replacing Aaron Rodgers.
03:58There are people that are actually high on this team going into the season,
04:02not in terms of winning the Super Bowl or even making the playoffs as a wildcard team,
04:06but over five and a half wins.
04:07There are people that are taking that notion seriously.
04:10I'm not sure that I am one of them, but I'll tell you what, as it relates to Fields coming off of an up-and-down tenure
04:16with the Pittsburgh Steelers, Darren Mugee, the general manager, believes that we could see another,
04:22I don't know, Baker Mayfield, Tampa renaissance, maybe a Sam Darnold, Minnesota renaissance.
04:29How's this going to go?
04:29Yeah, I would say the operation.
04:32I've seen it improve every day, and specifically this past week, I think we've really seen good rhythm
04:38out at practice with the offense, a balanced attack, some runs, some pass,
04:44but just the overall operation, the command, his leadership, obviously named a captain,
04:50as many of you found out this morning.
04:52So seeing that growth has been really good.
04:54We've seen in the league the last few years, quarterbacks, when they get to their third stop,
05:00sometimes it just blossoms for them.
05:03You know the names, obviously.
05:05Yep.
05:05So I'm wondering if you've seen enough of Justin to believe he can be one of those guys.
05:09I do.
05:10I do believe Justin can be one of those guys, and I like, like I just mentioned,
05:15I've seen the progress during this camp and look forward to seeing the progress throughout the season
05:21as they all come together.
05:22Obviously, it's his third stop in three years with three different coordinators
05:27and a lot of moving parts, so it does take time, but I like where it's at,
05:31and I look forward to watching the progress.
05:34All right, let's stay in the AFC East.
05:37Tyree Kill back at practice after he was sidelined for a few weeks due to an oblique injury.
05:42That is good news.
05:43The expectation is the once disgruntled wide receiver who had asked out of Miami following last year,
05:49his back, tail between his legs and all, is expected to play week one here coming up against the Colts.
05:55Meanwhile, his teammate running back, Jalen Wright, he had a procedure on his leg.
06:00He is expected to miss multiple weeks.
06:02That running back room suddenly getting crowded.
06:04The Dolphins signed veterans.
06:06Jeff Wilson, Jamichael Hastie added them to the roster to supplement Devon Achan, of course,
06:12who is dealing with a calf injury in his own right, even though he is expected to play here in the season opener.
06:17And then you have rookie Ollie Gordon II as well.
06:20So something to think about there.
06:22As we go over to Tampa, Chris Godwin can't wait to see him back on the field,
06:26but it's going to be a little while, at least week five, maybe longer.
06:30Adam Schefter of ESPN did say October sounds about right.
06:34You'll remember that Godwin was having an incredible year last year, almost 600 yards, five touchdowns,
06:40what, 50 catches through six-plus weeks.
06:44He got injured in week seven, sidelined him for the rest of the year, the fractured ankle.
06:48So eager to see what we get from Godwin when he does return and what he looks like.
06:53At the college ranks, we saw college football last night, and we saw an exciting win out of Nebraska.
06:58Didn't cover the five-and-a-half, but did eke out the win under Matt Rule to start off 1-0.
07:03A 20-17 win over Cincinnati at Arrowhead, the inaugural Kansas City Classic.
07:10Even Taylor Swift was there.
07:11Why?
07:12Because obviously her now fiancé, Travis Kelsey, wanted to take in the game.
07:16Let's work in a little bit of baseball before we run out of time here in this opening segment.
07:20Phillies, another historic night out of Kyle Schwarber, who has been incredible,
07:26approaching 50 home runs on the year.
07:28He hit four of them last night, drove in nine runs, the 21st four-homer game in Major League Baseball history.
07:36But the crazy thing, we have seen three of them this year.
07:39Nick Kurtz, of course, Georgia's nephew, and Eugenio Suarez, much earlier in the year back in April.
07:45Three of them already.
07:47So when did the four-home-run game become easy?
07:50This is incredible, but Philadelphia walloped Atlanta 19-4.
07:55Meanwhile, Yankees clobbered the White Sox.
07:57That was a 10-4 win, fifth straight win for Franks, New York, Yankees, Bellinger, Chisholm, Grisham, all with home runs in that one.
08:07Meanwhile, the Red Sox, 7-1 on the road.
08:10Hell of a trip swept the Baltimore Orioles in four games.
08:13Garrett Crochet wasn't quite himself yesterday, but the A's still did do enough to help Boston to another win.
08:20Three-and-a-half back of the Toronto Blue Jays for first in the American League East.
08:26Back on Newswire, it's time for our legal sports report.
08:29And for that, we are welcomed in by a regular contributor to the program, Sam McQuillen, on Twitter at Sam underscore McQuillen from LSR.
08:37How are you, Sam?
08:39Doing well. How about yourself, Adam?
08:42Good. You know, we bring you here to help make us smarter and to fill us in on all the things, obviously, that are happening across the betting world, the gaming world, casino, and the like.
08:53How about something that at least you and I have not discussed in a little while?
08:56Something that's a little bit closer to the DFS streets, not DFS, peer-to-peer.
09:01FanDuel has a new thing, new product that it's launching here, FanDuel Picks, in states where, you know, obviously sports betting, legal sports books, are not offered.
09:13So it's a nice way to try and corner the market in another area that you are not already attempting to dominate.
09:19And as we know, there are a dozen states that are still chasing that legalization potentially anyway.
09:23So tell us just, you know, a little bit about FanDuel Picks and what this brings to that community.
09:31Yeah, definitely. FanDuel Picks is one of these pick-em, peer-to-peer games.
09:36It's the same thing, basically, that DraftKings has with their product, DraftKings Pick 6.
09:40And it's the same product that companies like Underdog Fantasy and PrizePicks have moved to in states where they faced a lot of regulatory pressure last year to change their product from something that doesn't look as much like sports betting as it once was.
09:55But to your point, it is still a product that very closely resembles parlays.
09:59It's going to allow users to select between three to six athletes and whether or not they will go over under a given stat projection in return for a larger payout.
10:10So it's basically getting a parlay product to states like Texas, states like Georgia, just in time for football season,
10:17where we know there's a huge appetite to bet on this kind of stuff, to participate in these kind of games.
10:23And now it looks like FanDuel is basically just using the same model that DraftKings did.
10:27And Underdog Fantasy and PrizePicks did as well.
10:30It's kind of ironic when you think about it.
10:32FanDuel and DraftKings were part of the sports betting groups that got states to kind of crack down on this form of DFS that was Pick'em DFS that used to function in a player versus house model.
10:46Now it's switched to peer-to-peer.
10:47But these were sports books that were behind this big kind of push or not necessarily behind it, but adding fuel to the fire, making states aware of this kind of thing and kind of calling for, you know, we want the rules to be equal.
10:59If we have to pay taxes, so do they.
11:00So that turned into those companies figuring out how to kind of get away with or how to satisfy those concerns in states.
11:08And now it looks like FanDuel DraftKings are just saying, okay, it's a great playbook for us to follow if we can't be in Texas next year, a year after that, Georgia.
11:15We might as well be in there right now, get those customers, and serve them that product that, again, looks very close to a parlay, which we know how popular those are.
11:24Yeah, Sam, I believe the expression is, if you can't beat them, join them, right?
11:28But, you know, I'm looking here, and FanDuel Picks is going to be available in 17 states.
11:33Now, obviously, that's, you know, we're not even talking about half, you know, we're ballpark a third right here.
11:39So why the limitation?
11:41Why not just, you know, chase more money elsewhere?
11:45Yeah, it's a really good question.
11:46Notably, they're not going to be in states like California, where DraftKings is with their product, and where Underdog Fantasy and Price Picks are with their product.
11:55Now, that could be any number of reasons.
11:57It could be because FanDuel is negotiating a deal with the tribes to get sports betting legalized in California, to get sports betting legalized in some of these other states, and launching a product that, again, looks very similar to sports betting in those states could perhaps piss off regulators, piss off tribes, put them in bad faith with sports betting decision makers.
12:16So, yeah, it's a good question why these 17 states, again, all states where FanDuel does not have a sports book, but again, they're not doing all of the states.
12:25So you'd have to think that this product definitely isn't as popular in a state where I am, like New York, where we already have sports betting.
12:32I can bet on FanDuel right now.
12:33I don't really have an incentive to go play this Pick'em game, which is kind of a workaround.
12:37So that's a part of it as well, but definitely good to note that they're not in every state at once, and it could be because, you know, there's a bunch of things going on behind the scenes that we don't know about yet.
12:49Yeah, not in my state, Massachusetts.
12:51That being said, I mean, I bet, I gamble, I play DFS, but I also use price picks, you know, so I'm into the peer-to-peer thing.
12:59I, you know, I want to, you know, play around with, like you said, parlays of a different form and invest in different ways.
13:06It's surprising to me that it's not more available elsewhere.
13:10But let's take a look at, you know, we mentioned earlier in the show, Sam, the fact that there's an expectation, according to the AGA,
13:17that we are going to see north of $30 billion across regulated sports books spent, wagered on the NFL this coming season.
13:26And, you know, it's an increase of 7.5%, I believe we said, maybe 8.5%.
13:31It's, you know, it's a big number, obviously, but just regulatory betting in general is just, it's spiking across the board.
13:40Football, obviously, is always going to be a catalyst.
13:43It's always going to lead to more and more because football is king, and that is by far the most popular bet or sport that we all like to wager on.
13:50But, you know, across the board, you know, we're seeing here an increase here for 2025, up 9.5% from 2024.
13:59Are you surprised that the number has jumped that much?
14:01Would you have thought maybe it would be even higher than that?
14:04How do you view it?
14:04So if you look at how much the numbers projected the jump or expecting $164 billion in total handle, again, that's how much money was bet on sports for the year.
14:15About a 10% jump on the year sounds like a lot, but it's actually less than in past years where it's grown a lot more.
14:21Now, on the flip side of that, you have revenue, which is expected to go up 17%.
14:25So you kind of have to wonder, okay, why is revenue outpacing the handle growth?
14:30And we can turn, the reason really that we've been getting is that, again, parlays.
14:34People like betting these higher margin bets for the sportsbooks, these lottery tickets, these bets that allow you to participate in player narratives.
14:41And in turn, sportsbooks have really pushed it down everyone's throat.
14:45You know, whether people like doing it before sportsbooks started marketing them heavy or whether sportsbooks marketed them heavy first and then people like doing that.
14:52Like that's, we don't, that's neither here or there.
14:56People are betting these higher margin bets and it's allowing sportsbooks to basically squeeze more money out of their customers.
15:02But as a result, as a cost, people are betting less.
15:06People are betting $10 on a parlay versus multiple $5 bets.
15:10And we've seen those concerns voiced on Wall Street, which has talked about, you know, we're kind of concerned about handle growth.
15:16Now, sportsbooks only started ratcheting up these parlays when everyone was concerned about when they'll be profitable.
15:21So it's kind of a give or take situation from a betting standpoint.
15:26It seems like the appetite is obviously increasing.
15:28You're going to have, I think, upwards of at least $40 billion.
15:32I think our projections go past the AGA's numbers there if you include parlays as well as future bets to be about in the NFL this season.
15:39So it's going to be a big season for them regardless.
15:42Last year, they got absolutely hammered on the NFL.
15:46There was 10 weeks where you had at least 75% of favorites winning their games.
15:50And if you know anything about sports betting or sports in general, that's pretty unlikely.
15:55And the public tends to bet favorites.
15:57So that resulted in sportsbooks getting absolutely hammered.
16:00I think FanDuel lost over $600 million just because it was a weird luck year that way.
16:05So it'll be really interesting to see how they do this NFL season.
16:08Obviously, people are betting a lot more.
16:10But will sportsbooks kind of come out on that better side of, OK, maybe they got hammered last year.
16:15Now they'll recoup some of that this year.
16:16So it'll be a make-or-break year or make-or-break season for them.
16:19That's for sure.
16:21Sam, Missouri is planning its sports betting launch on December 1st.
16:25There are six books at this point that have received licenses.
16:29And now Fanatics has joined the fold, partnering up with Boyd Gaming.
16:34How large could this grow?
16:35I mean, reading from, you know, LSR, obviously, as many as 14 online brands could ultimately find their way into the market.
16:42As, you know, a remaining key holder.
16:45I mean, what do you think this looks like for Missouri ultimately?
16:50Yeah, there's six sportsbooks.
16:52So Fanatics being the latest one to secure a partnership.
16:54You got that MGM.
16:56You got DraftKings.
16:57You got Circo, which was a surprise entrance there.
16:59And FanDuel as well.
17:00So there's still some spots open.
17:02We're still waiting on the Caesars of the world.
17:04Potentially ESPN Bet as well, I would expect, would join.
17:07But after that, it's kind of slim pickings.
17:09There's not a lot of other sportsbooks out there.
17:11And, again, to get one of these partnerships to get into the state, you have to agree to a deal with one of the state's casinos and one of the state's major sports teams.
17:19And with the news that Fanatics is now partnering with Boyd Gaming, which was only allowed because FanDuel got rid of that partnership, there's really not many casinos left or many teams left for a Caesars or, you know, a ESPN Bet to get a part of.
17:32So I imagine it's not going to be the full picture, the full 14.
17:36Sam McQuillen covers sports business news for Legal Sports Report.
17:40He's on Twitter at Sam underscore McQuillen.
17:43Check him out there if for no other reason than to see the disparity between what you're looking at now and that avatar.
17:50Check out that headshot.
17:51Sam, thanks, sir.
Be the first to comment