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NBC Will Lose Money On Winter Olympics

Written by:
Ean Lamb
Published on:
Jan/10/2010

While the online sportsbooks have begun offering betting odds on the 2010 Winter Olympics, the odds are against NBC making any money.

Dick Ebersol, chairman of the network's sports division, said on Sunday that the cost of broadcast rights to the Vancouver games will exceed the network's advertising sales. 

The sales picked up only in recent months.

"We are on track to do the same numbers that we did in Torino and Salt Lake City games," Ebersol said. "Rights have gone up and this will be the first time in my doing these Olympics that NBC will lose money, but it's not because of the ad sales."

Meanwhile, Sports Interaction.com, an online sportsbook based out of Canada, just released odds on Alpine Skiing and Curling along with Which Country Will Win The Most Medals (Germany being an even odds favorite).

The online gambling websites enjoyed unusually strong results with the 2008 Summer Olympics thanks mostly to the gymnastics events and Michael Phelps.

 

Get a 25% sign-up bonus up to $250. The offer is valid until 12:00 pm EST on January 25, 2010

 

Ean Lamb, Gambling911.com 

 

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