Until 2018, sports betting was only legal in Nevada, but now approximately 40% of Americans engage in wagering on various sports outcomes. This surge in popularity has transformed the landscape of sports betting in the U.S., prompting discussions among industry experts.
Diamond Sports is on track to exit bankruptcy after a judge approved its reorganization plan, a significant milestone for the regional sports network owner, which has been under bankruptcy protection since March 2023. The company has made substantial changes to its agreements with professional sports teams and leagues, including a streaming deal with Amazon's Prime Video and a naming rights agreement with FanDuel. Despite facing opposition from Major League Baseball and the Atlanta Braves, Diamond resolved these issues before the court hearing, leading to the approval of its plan with only one objection from the U.S. Trustee.
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