NBC could lose the big sporting event

NBC is on the verge of losing one of its marquee sporting events it left behind Online. While the NFL bounced back over the years, NBC Sports lost a lot from the MLB to the NBA. Now their horse racing coverage is likely to move away from one of the biggest races of the year.

Belmont Stakes is likely to change hands for Fox Sports, according to Michael McCarthy from Front Office Sports. NBC will lose its current contract in 2022, missing the Triple Crown’s third leg in 11 years. NBC will still be the home of Kentucky Derby and Preakness, with McCarthy noting how much juice Belmont doesn’t get without a three-crown contender.

To make matters more certain, Fox Sports’ impending deal is said to include a “millions of dollars in funding” with Fox Bet Sportsbook. NBC hosted the Derby and Preakness for several years, with Belmont initially split due to the New York Racing Association’s withdrawal from the Triple Crown package deal.

Monopoly seems to be the next big gamble for media companies in the sports world. According to The Streamable, they’re popular due to the power of live events to get people sitting through ads. Paramount+ has acquired the rights to soccer leagues globally, ESPN+ has the NHL and lacrosse, while Prime Video will be in the conversation with the NFL soon.

The decision still seems to be a win-win for both sides. NBC will remove the potpourri rating that comes with Belmont every year. Fox will get a showcase event to promote and use with their other divisions to engage fans.

The Triple Crown is the premier equestrian championship in the United States outside of the Breeder’s Cup. It kicks off the first Saturday in May with The Kentucky Derby, an annual media event that brings together celebrities and fancy hats that may not represent your typical horse racing fan. . Then the Preakness arrived two weeks later in Maryland, where the main draw appeared to be a Port-o-Johns top race instead of a track race. Belmont, the longest of the races, always thwarts the winner of the first two races. If no horse can get all three wins, the profits will plummet.

However, will Fox find some wins thanks to its focus on gambling? It is certainly enough to attract gambling fans and their ways.

https://popculture.com/sports/news/nbc-might-lose-major-sports-event-belmont-stakes-triple-crown/ NBC could lose the big sporting event

Dais Johnston

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