The gambling app, which comes from Las Vegas-based Wynn Resorts, will be one of Cumulus Media’s largest advertising and marketing partners. According to the presser, WynnBET will receive endorsements from Jim Rome, a well-known (but perhaps past his prime) sports hot-taker.
“This partnership with Cumulus Media provides WynnBET the ability to deliver specific, customized messaging to targeted markets throughout Cumulus’ network of hundreds of stations,” Wynn Interactive CEO Craig Billings said in a statement announcing the deal. “In addition, WynnBET will have a significant advertising presence on Westwood One’s nationally syndicated programming, including football pre-game and play-by-play, and we will work with Cumulus to create some exciting, branded content over the life of the partnership.”
Terms of the deal were not disclosed. Cumulus has 413 owned-and-operated stations.
Cumulus Media CEO Mary Berner said that WynnBET will “be a leader among the sports betting apps” in the U.S. “The sports betting market is now the fastest growing advertising category,” she added, “and this innovative partnership solidifies Cumulus’ position in this exciting arena.”
Cumulus claims radio way better than TV
Cumulus recently published some of its own research that claimed radio viewers are a better audience for sports betting marketing than TV viewers. The April survey claimed to have found that 42% of AM/FM radio listeners in states with legal online sports betting have placed an online sports bet versus 28% for TV viewers in the same markets.
“More AM/FM radio listeners (64%) can name an online sports betting brand compared to TV viewers (53%),” the report said. “This is shocking considering that the vast majority of online sports brand advertising runs on TV. For every dollar spent on AM/FM radio, sixteen dollars are spent on TV.”
In one sense, WynnBET was able to get on equal footing in Michigan with the likes of leaders FanDuel, DraftKings, and BetMGM. WynnBET was able to launch alongside its rivals in January, while in other states WynnBET has launched later than its rivals.
WynnBET could use all the help it can get in Michigan, though. During the months of April, May, and June, FanDuel, DraftKings, and BetMGM commanded a whopping 78.2% of the handle market share, with Barstool a distant fourth. WynnBET had about 2% market share.
Though it only had $5.4 million in handle last month, WynnBET did nearly quadruple its handle from May, so it appears to be on the upswing.