fbpx
Connect with us

Executive Voice

FansXR Is Transforming Sports Betting

FansXR

Sure, there’s nothing better than attending a live sporting event, but what if fans could be placed in the driver’s seat and have the opportunity to control what they see? Welcome to the future of sports consumption! This new immersive experience is brought to you by FansXR, the company that powers a new form of fan engagement.

What is FansXR?

FansXR or FXR is a computer vision sports company that uses its platform to provide users with live broadcast views that are powered by 5G and 360, AR, or VR technology. This is made possible by strategically placing cameras in either a stationary position or attached to a helmet, drone, or sky cam. 

The platform not only offers fans the best viewing experience but also gives access to gamification opportunities, invaluable digital data, and a chance to upsell ticketing and merchandise. But, the benefits from a partnership with FansXR don’t stop there, as there are also advertising integrations, sponsorship deals, and premium subscription offers that can provide an additional layer of revenue streams. 

FansXR and Second Screen Capabilities

Most large stadiums upgraded to 5G within the past 18-months, which couldn’t have come at a better time. Studies have shown that nearly 32% of all US sports fans use a second screen to search for information relating to the event they’re watching. The 5G capabilities support the use of a second screen viewing platform which can be delivered to devices such as tablets, phones, VR headsets, and other geodesic domes that use 3D projection. 

Since many sports fans are aware of storytelling and data-driven insights, they have come to expect informative and relative data to be available at their fingertips. In fact, over 40% of fans are more apt to watch and engage with a sporting event if the live coverage includes real-time data and statistics. This is especially true with soccer fans, as 71% of those surveyed said they use a second screen to track statistics during every game.  

Fan Personalization

Rather than a one-size-fits-all approach, FansXR prefers a one-to-one approach because of data-driven customization and mass personalization. Hence, failing to allow personalization risks not only losing revenue but brand loyalty as well. 

The good news is that roughly one in five customers are willing to pay a premium fee of up to 20% just to personalize services and products, so this is excellent for revenue generation. Even more, successfully implementing a personalization strategy delivers between five and eight times the return on investment and can increase sales up to 10%.

How Does This Affect Sports Betting?

The daily fantasy sports market consists of over 60-million users at last count, and this industry relies heavily on live data to engage consumers. Many experts believe that sports betting wagering will grow from $2.2 billion in revenues 2020 to over $8 billion within five years in North America alone. 

In-play betting supported by live data is expected to move to the forefront as the most popular form of sports betting in the United States and will represent seven out of every ten bets that are placed. None of this should come as a surprise since all of the North American major leagues (NBA, NFL, MLB, NHL) have incorporated live data into their streaming feeds. 

What Value Does FXR Bring to the Table?

FansXR offers the unique opportunity for broadcasters, teams, and leagues to create new revenue streams from the use of innovative sports technology that combines XR and 5G capabilities to increase sponsorship placements, advertising, merchandise, and ticketing sales, and sports betting. The platform helps create new databases while also offering fans a unique and immersive experience. 

The Future of Sports Innovation

Many large companies such as Google, Apple, and Facebook have already begun investing billions of dollars into the innovation of XR technology. Other companies, such as Hype Sports Innovation that champion new innovative sports technology have raised over $181 million in funding for startups.  In turn, this has opened the door to lots of opportunities for companies looking to use AR/VR/XR technology to create novel apps and user experiences. To put this in perspective, the AR market alone is expected to grow from $15.3 billion in 2020 to an astounding $77 billion within five years.

The bottom line is there’s no better time to partner with FansXR because as AR/VR/XR technologies become more mainstream and the demand will continue to rise. 

For More Information Visit, fansxr.com

BrandBerry Unlimited is a boutique Public Relations firm focused on positioning their clients as authorities in their industry through high level, value-driven press release campaigns.

Advertisement defi

Join Disrupt Magazine

defi
Become A Disrupt Contributor

Most Disruptive

tezos and NFT tezos and NFT
NFT2 weeks ago

Beginners guide to NFTs: What are non-fungible tokens?

You have probably heard the word NFT hundreds of times so far. At first glance, you thought it only had...

Sports + Gaming2 months ago

What Motorcycles Are Good For Long Trips?

Motorcycles are all about freedom. But the question is: how often do we really go out there and enjoy the...

Executive Voice2 months ago

3 Ways Maternal Instincts Give Women In Leadership An Advantage

As the landscape of gender roles continues to be redefined, these 3 experts agree that their maternal instincts provide an...

Executive Voice3 months ago

The Queen of Title: How Powerplayer Rachel Luna is Disrupting the Title Industry Through a Modern Approach

Rachel Luna has made quite the name for herself within Texas’s title real estate business as the Title Queen and...

Executive Voice3 months ago

Nancy Almodovar: The Latina CEO Who is Disrupting the Status Quo of the Luxury Real Estate Market

It comes as no surprise that Nancy Almodovar, the CEO and founder of Nan and Company Properties, is one of...

Business3 months ago

How To Nurture Talent Within Your Business

Your business can only succeed with talented workers on the payroll. Luck and even strong economic conditions will only get...

NFT3 months ago

Solana’s value plummets below $98 due to a Wormhole Exploit

Many people thought blockchain technology was robust, secure, and virtually “unhackable.” However, the crypto world has faced several hacking incidents...

NFT4 months ago

Polly Kole, The Beauty With Gifted Hands Tycoon Of NFT Sculptures

In a society full of stereotypes, people clinging to appearance and disregarding one’s achievements is the magnificent Polly Kole stunning...

gold and black round emblem gold and black round emblem
Cryptocurrency5 months ago

Bitcoin’s Volatility Explained

Since cryptocurrency was introduced in 2009, it has become a very controversial subject for both critics and supporters. One of...

News5 months ago

Spider Man; No Way Home’, Crushes Box Office Estimates Generating A Mammoth $253 Million In North America.

After only 3 days in the cinemas, the latest and last Spidey outing disrupted the international market as the highest-grossing...

Trending

Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.