The Lede, Wednesday, June 6, 2018
By David Royse
It’s the 74th anniversary of D-Day. The June 6, 1944 invasion of France was a major part of the Allied re-conquest of mainland Europe from the Nazis during World War II.
Odds are, the sports betting industry is going to generate some big payouts. Not just to betters, but to a new set of companies that now have a legal market. Bookmakers, analysts and tip sheet writers (more “journalism”!) and, likely the big opportunity, app developers and designers, could all probably make a buck or two here.
Yesterday, the new industry began for the first time outside of Nevada when Delaware Gov. John Carney put down $10 on the Philadelphia Phillies to beat the Cubs (boo!). The Phils did indeed beat Chicago last night, making Carney a winner.
Delaware, for now, also is probably going to be a winner, now that it is the only place outside of Nevada you can legally bet on sports. Three tracks, Dover Downs, Delaware Park and Harrington Raceway, all are offering sports betting. Carney and other Delaware boosters hope that, at least until other East Coast states legalize it, they’ll draw gamblers coming from everywhere from Maine to Virginia.
Delaware’s legalization of sports betting follows the decision last month by the U.S. Supreme Court that said federal law could no longer prohibit states from legalizing sports books.
If you’re not a video gamer you may be only slightly aware of the explosion of “Esports,” or competitive gaming with an increasingly large audience. That’s right, audience. People are watching the best video game players play. Not really much different than watching sports in the larger philosophical analysis of why people watch other people do things, I guess.
Esports is not just some fringe hobby – the NCAA’s major conferences are testing student Esports competition – and this past week I saw an interesting story that gives another indication of how big this could get.
AT&T wants in on it. Big, old, legacy companies wanting to partner with Esports leagues means there’s a critical number of people watching, enough that there’s enough money to be made in the industry that even old line companies that should have no idea what’s going on in the space think they can profit from involvement.
“Esports creates a natural intersection of technology and entertainment, which aligns with our brand and our customers’ passions,” Shiz Suzuki, assistant vice president of AT&T’s corporate sponsorships, said in statement in this story on the partnership from the Dallas Business Journal.
A startup that builds Esports infrastructure for high schools brings in $15 million in funding. The Hustle
OTHER EMERGING INDUSTRIES
Self-driving vehicles need broadband. Which means they’ll be limited to the cities, unless the country gets serious about expanding broadband to rural areas. Governing Magazine
Smart contracts are a much-hyped new technology that promise to automate all sorts of transactions—everything from sports wagers to insurance payments to copyright claims. Coil has a new product it claims will make it easier to write and use them. Fortune
NOTES FROM THE AGE OF DISRUPTION:
Has confirmed that a recent round of layoffs affected its Watson Health unit, which works on artificial intelligence for healthcare solutions. The Herald Sun (Durham, NC)
Lime and Bird
Dockless scooter companies are being shut down by the city of Denver. Smart Cities Dive
DNA Testing Companies
Are being investigated by the FTC over how they handle and share data on users’ DNA. Fast Company
Is offering a look at its new personal flying vehicle. Bloomberg
UPCOMING CONFERENCES, TRADE SHOWS AND MEETINGS
O’Cannabiz Conference and Expo (Canadian cannabis conference)
June 7-9, Toronto
MedCity Converge, Where Healthcare Meets Innovation.
July 11-12, Philadelphia
Cannabis World Congress and Business Expo
Sept. 26-29, Los Angeles
And one last thing:
The Specialty Coffee Association has announced that the World Barista Championship, which is coming up later this month in Amsterdam, will return to the United States in 2019, in Boston. So that’s good.
Thanks for reading!