Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research. On this week’s episode, we dive into the latest news surrounding the potentially game-changing sports gambling case, the headwinds facing ESPN’s new president, the big business of the NCAA, and much more.
New York and over a dozen other states have joined New Jersey in its fight to legalize sports betting. At the same time, the NBA and MLB have started to lobby heavily around the country to make sure they get a piece of the action.
Aside from the major professional sports leagues, gambling giants like MGM MGM and William Hill WMH might benefit greatly from broader legality, while some tech companies such as Microsoft MSFT and Sony SNE have filed sports betting patents .
Disney DIS has also been in the news recently after the company finally announced its new president. James Pitaro, who filled the vacancy left by John Skipper, joined the sports network at a rocky and highly important time.
Pitaro’s first big challenges will be rolling out the company’s new streaming platform and dealing with low viewership numbers for some its prime programming, including SportsCenter and Monday Night Football. ESPN is also reportedly in a fight with Fox FOXA to bring Peyton Manning to the broadcast booth, which could help boost ratings.
This week also marks the start of one of the richest and most popular months of sports television. NCAA March Madness is sure to draw a lot of attention as people fill out brackets all over the country-but also some criticism based on the money it makes from its massive TV deals with CBS CBS and Turner TWX .
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it’s predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce “the world’s first trillionaires,” but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks’ 3 Best Stocks to Play This Trend >>
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
MGM Resorts International (MGM): Free Stock Analysis Report
Time Warner Inc. (TWX): Free Stock Analysis Report
CBS Corporation (CBS): Free Stock Analysis Report
Walt Disney Company (The) (DIS): Free Stock Analysis Report
Sony Corp Ord (SNE): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Twenty-First Century Fox, Inc. (FOXA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.