Verizon to Expand Sports Betting Venture to Five More States

Placing ‘huge bet’ on Yahoo Sports, says Media CEO Gowrappan
MGM partnership in New Jersey ‘sets foundation’ for network

Guru Gowrappan says Verizon plans to expand its sports-betting venture.(Source: Bloomberg)

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By Scott Moritz and Edward Ludlow

January 8, 2020 at 10:03 PM UTC

This article is for subscribers only.

Verizon Communications Inc. got its Yahoo Sports betting venture out of the gate in New Jersey in November, and now plans to expand its online gambling partnership with MGM Resorts International to at least five more states this year.

Several states have legalized sports betting since the U.S. Supreme Court ended a federal prohibition in 2018. The phone giant’s plan is to expand as the states’ policies and platforms get sorted out, Verizon Media Chief Executive Officer Guru Gowrappan told Bloomberg Television at the CES electronics show in Las Vegas.