SportsGrid President Lou Maione on CNBC

 

SportsGrid President Lou Maione joined the CNBC Squawk Box to talk about SportsGrid’s big bet on the network’s 24-Hour Sports Gambling Network.

“The way we look at content, it is pretty much like CNBC… if gambling became legal, fantasy becomes legal, I wanted to create the CNBC for the sports, fantasy and gambling world. Sports is a detailed drilled down version of what we see in the financial market.”

https://www.youtube.com/watch?v=IRM9z9JMIiU

“In today’s age (sportsbooks) take on risk and it is a true parallel to the financial world.”

Maione went on to discuss the similarities and differences between the financial and sports wagering markets including some of the parallels between the roles that media and technology play. Sportsbooks today rely heavily on risk management and while they may not make money on a given day, the house will set themselves up to win over the long-term. Consumers should view sports wagering as an entertainment activity that provides added value to games they are interested in watching by creating a vested interest and ability to challenge their knowledge. SportsGrid’s content will allow prospective bettors to make more informed decisions and listen to entertaining commentary on the games they are considering wagering on.

The network’s 18 hours of live programming gives the fanatical sports betting fan the news, scores, odds, rumors, match-ups and insightful expert commentary. The SportsGrid strategic partnership with Sportradar enables the network to integrate their real-time delivery of player and team news, data, statistics and betting intelligence into all the programming on the schedule. SportsGrid is the multimedia destination to serve the massive sports betting audience with the unquestionable best of breed sports wagering programming and data.

About SportsGrid Inc.

SportsGrid is a digital-first linear video network streaming exclusive live original programming providing extensive sports gambling coverage of all the major sports. The network’s 18 hours of live programming gives the fanatical sports betting fan the news, scores, odds, rumors, match-ups and insightful expert commentary. The SportsGrid strategic partnership with Sportradar enables the network to integrate their real-time delivery of player and team news, data, statistics and betting intelligence into all the programming on the schedule. SportsGrid is the multimedia destination to serve the massive sports betting audience with the unquestionable best of breed sports wagering programming and data.