Each year on Super Bowl Sunday, viewers ruminate on important, philosophical questions. Questions like: Will the coin land on heads or tails? Will the result of the toss correlate with the game’s outcome? What will the halftime show performer wear? What color Gatorade will rain down on the coach of the winning team? These questions drive hordes of people across states where sports betting is legal to sportsbooks en masse. The American Gaming Association expects about $1.76 billion in Super Bowl bets will be wagered this year, a 27% YoY increase, and Super Bowl Sunday is the largest single sports betting day of the year worldwide, according to Matthew Bakowicz, director of the sports management program at American University’s Kogod School of Business. It’s no surprise, then, that sportsbook ads have carved out a place in the Super Bowl broadcast. This year’s game is set to include spots from DraftKings and Fanatics, with the latter making its Big Game debut. But as the sports-betting market matures in a year full of major sporting events, some past Super Bowl advertisers are adjusting their strategies around the game, with some pulling back to focus on other marketing moments. “Advertisements are switching a little bit in the sports-betting world because they’ve already captured a vast majority of the market,” Bakowicz, who previously managed sportsbook operations for DraftKings at Foxwoods Resort and Casino, told Marketing Brew. Still, “the biggest expense that sportsbooks spend on is marketing,” he said, so it’s a safe bet that Super Bowl viewers will still see them on their screens in some capacity this weekend. Continue reading here.—AM |