Caesars partners with ESPN for sports betting content and a TV studio in Las Vegas

ESPN is partnering with casino owner Caesars Entertainment Corp. to develop TV programming for sports-betting fans, the latest move by the broadcaster to embrace the fast-growing industry.

As part of the deal, Caesars will have its odds data and branding integrated with ESPN programs within the coming weeks, allowing the Las Vegas-based casino operator to capitalize on the Walt Disney Co.-owned network’s massive sports audience. ESPN will set a new studio inside Caesars’ LINQ Hotel & Casino in Las Vegas, where sports betting-themed content will be created, along with segments for ESPN’s recently launched sports betting-related show, Daily Wager. Financial terms weren’t disclosed.

“The sports betting landscape has changed, and fans are coming to us for this kind of information more than ever before,” said in an official release Mike Morrison, VP of Business Development at ESPN. “We are poised to expand our coverage in a big way and working with a category leader like Caesars Entertainment will help us serve these highly engaged, diverse sports fans with the best and most relevant content possible.”

We're joining forces with @espn to bring the best in sports betting news and entertainment to fans around the world. Learn more about this deal and the new ESPN-branded studio coming to @TheLINQ: https://t.co/FmxsNOHD9o pic.twitter.com/u5zcSnkCBq

— CaesarsEntertainment (@CaesarsEnt) 14 de mayo de 2019

Chris Holdren, EVP and Chief Marketing Officer at Caesars Entertainment, commented: “We’re really excited about the long-term value this collaboration with ESPN will create and thrilled that, starting immediately, ESPN's platforms will begin featuring odds information generated by Caesars Entertainment. Millions of sports fans look to ESPN as a sports authority, and Caesars is honored to have been selected for having the best odds to serve those fans. When you combine that level of exposure alongside the unique opportunity to build a studio along the famed Las Vegas Strip, this deal is truly unique.”

The studio will serve as a Vegas hub for odds-related content and will contribute to any number of ESPN linear, digital and social shows as well as ESPN.com and the ESPN app. It will also play a central role during major sporting events, and especially during the growing number of marquee events hosted in Las Vegas. The new studio will launch in 2020.

Caesars will also serve as ESPN’s official odds data supplier across TV and digital, receiving associated attribution across ESPN. Additional advertising and sponsorship activations will roll out in the coming months and throughout the deal term.

“Between an increased interest in sports betting among fans, regularly hosting marquee sporting events – like the upcoming NFL Draft and NBA Summer League as well as premier UFC and Top Rank bouts – and the arrival of the Golden Knights and the Raiders, Las Vegas has become an epicenter of sports culture,” said Connor Schell, EVP of Content, ESPN. “Having a great partner in Caesars Entertainment and soon a full studio presence in Las Vegas will help us create content that taps into that culture and grows our offerings to avid bettors and more casual fans.”

More than two-thirds of avid sports bettors already watch ESPN, according to Langer Research Associates. This agreement with Caesars builds upon a stable of betting-related content that dates back more than 10 years. In addition to the Daily Wager on ESPNEWS, ESPN betting-related content has included: Behind the Bets with Doug Kezirian podcast; Stanford Steve and The Bear podcast (football season); Betting news, discussion segments in signature shows (SportsCenter, OTL); “Bad Beats” on SportsCenter with Scott Van Pelt; ESPN Insider content – PickCenter tools, projections, recos, analysis, news articles, etc.