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Local Sports Betting Ad Spend: For local advertising, BIA forecasts ad spend for sports betting to reach $1.8 billion in 2022, a sizable jump of 80% from 2021. By 2024, BIA projects local ad spend for the category to total $2.9 billion. BIA¡¯s Nicole Ovadia, says, ¡°With New York and other larger markets making online sports betting legal this year, that has led to a significant increase in ad spending. BIA is also forecasting this vertical to grow significantly between now and 2024 when it will hit nearly $3 billion. This jump is dependent on California voting to legalize online gambling in 2023 and going live in 2024.¡±
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NFL: Driving the popularity of sports betting in fourth quarter will be the NFL. According to the American Gaming Association, 46.6 million Americans plan to bet on the NFL during the 2022 season. Front Office Sports calculates that accounts for 18% of all U.S. adults and a 3% increase from last season. Similar to last season, the NFL will restrict the number of sportsbooks ads to six across television and Amazon Prime for each game. One ad can air before kickoff and another at halftime. There are presently five advertisers approved by the NFL; FanDuel, DraftKings, Caesars, BetMGM and FOX Bet. Earlier this week Amazon Prime announced DraftKings will be a sponsor for their inaugural season of Thursday Night Football. In addition, as in the past, sportsbooks at NFL stadiums will remain shut throughout the games.