Here are the latest stories driving sports and business news on Monday, May 11.
Fauci on Football
Dr. Anthony Fauci weighed in on the likelihood of having an NFL Season over the weekend. The Director of the National Institute of Allergy and Infectious Diseases spoke with NBC Sports Peter King and laid out some of his theories about the upcoming NFL Season.
For starters, Fauci said, “The virus will make the decision for us,” and added “I would hope that by the time you get to September it’s not gonna be the way it is right now.”
In other words it all comes down to how prevalent the virus is during the fall. The NFL is scheduled to kick off with the first game on September. That’s four months away.
Fauci said the best way for the NFL to prevent the players from spreading the virus to each other during games is to test all the players several times a week and before the game and said, “Those who are infected. Sorry, you’re sidelined. Those who are free. Get in there and play.”
As for fans attending games in person. Fauci once again went back to it all depending on the level of infection across the population. He said if there is a season he could see it being played in empty stadiums or if the risk is very low perhaps a third or half of the stadium filled with fans.
A Coronavirus Update
There are 4.1 million cases of the coronavirus worldwide, and over 283,000 deaths.
The U.S. has over 1.3 million cases, and 79,000 deaths. New York has nearly 349,000 cases and 26,000 deaths. Spain has 224,350 cases with 26,000 deaths.
And, as of today, the United Kingdom now has the third highest number of cases--with 224,327 cases--and the second highest number of fatalities in the world, with 32,140.
A Look at Legalized Sports Gambling
There are now 17 states with legalized sports gambling and several more that could legalize it by the end of 2020. Not only is it helping fund state budgets through tax revenue but it's helping shake up the stock market too.
Companies that have mobile sportsbooks see the future playing out right in front of our eyes. With casinos shut down, all states that allow mobile wagering on sports, saw significant action this past weekend with UFC 249. But people that live in a state like New York, where sports gambling is legal but only at brick and mortar establishments and not websites or apps, those people couldn’t gamble on the UFC even.
The companies with the digital sportsbooks are the ones taking advantage of the future trend along with taking advantage of the hand the coronavirus dealt them.
Draft Kings (DKNG) - Get Report is trading around $24 a share. Shares are up around 17% in the past five days. The stock was started with a buy rating by Canaccord Genuity with a price target of $25, which it’s already pushing up against.