Host cities spent roughly $100 million each to put on the World Cup. Thanks to the contracts FIFA made them sign, most won't come close to recouping their costs.

Today's podcast examines FIFA's decision to implement mandatory three-minute hydration breaks at all 104 matches this World Cup.

Today's episode is a panel I hosted in New York last week with executives from Flutter and FanDuel, as well as Boardroom CEO Rich Kleiman.Flutter is FanDuel’s parent company — traded on the NYSE under $FLUT — and this was the perfect group because Karol Corcoran built FanDuel’s U.S. customer base, Karen Lockwood runs the company’s trading business (think: pricing, odds, etc.), and Kleiman offers a U.S.-based sports business perspective. We covered a lot of topics in 30 minutes, including how FanDuel plans to retain customers who download multiple apps, why the company launched a social media-style feed, and how the trading team prepared to evaluate teams that have never even played in a World Cup before. But what stood out to me was the pure scale of what Flutter/FanDuel is anticipating over the next few weeks.During this year’s World Cup, 10 million customers will place bets on Flutter’s global portfolio of sportsbooks. The company will make 1.5 billion daily price changes and, at peak demand, will likely handle around 100,000 bets per minute.Enjoy the conversation, and we’ll talk tomorrow.

Today's podcast provides an inside look at the data and storylines that explain why Ferrari launched its first-ever electric vehicle this week.

Como is one of the best stories in sports right now:• Bankrupt in 2017• Purchased for €800,000• Went from the 4th division to the 1st• Qualified for the Champions League• Revenue has increased from $1M to $60MToday's podcast breaks down the details.

While many of the world's largest news organizations struggle financially, the New York Times' stock is up more than 175% from its 2022 low. Today's podcast explains why.

Miriam Adelson has spent nearly $3 billion attempting to legalize casino gambling in Texas. But with lawmakers continuously punting the issue, Mark Cuban may want back in.

Today's podcast provides a behind-the-scenes look at how sportsbooks profile bettors in real time, limit winners, and use data, psychology, and incentives to extract more money from losers.

There has been a lot of talk about how Netflix only paid Alex Honnold ~$500,000 for his free solo of Taipei 101. But the real story is why Netflix even felt comfortable enough to air it in the first place. Todays podcast breaks down the details.

The $2.3 billion Las Vegas Sphere looked like a financial disaster at first glance, but a deeper look reveals why smaller venues may be the key to making the entire model work.