Axios PM: The Betting Bowl

Plus: First Black woman Fed president | Wednesday, February 09, 2022

Open in app View in browser   Presented By Morgan Stanley   Axios PM By Mike Allen ·Feb 09, 2022 Good afternoon: Today's PM — edited by Justin Green — is 429 words, a 1.5-minute read. ⚡️ Breaking: The National Archives asked the Justice Department to probe former President Trump's handling of White House records, The Washington Post reports. (paywalled) Trump told the Post he had "collaborative and respectful" discussions with the Archives and arranged for the "transport of boxes that contained Presidential Records in compliance with the Presidential Records Act."     1 big thing: The Betting Bowl Illustration: Annelise Capossela/Axios   Startling stat: There are 45 million more potential legal sports bettors on Sunday than during last year's Super Bowl. That translates to about 31.5 million people betting $7.6 billion on the big game, the American Gaming Association estimates. (AP) The big picture: Sports betting is legalizing so fast and broadly that long-resistant institutions like colleges and the NFL are getting in on the action. LSU's athletic department promoted a sportsbook app in January with a promo code sent to supporters, Bloomberg reports. (paywalled) The NFL is in deep: Multiple owners are invested in betting companies, and fans can bet on games from betting app-sponsored lounges in NFL stadiums, Bloomberg reports. The bottom line: Even the Associated Press has an official odds provider, which Axios Media Trends reporter Sara Fischer scooped in May 2021. FanDuel says 59% of spread bets are on Cincinnati to cover the 4-point spread as an underdog. Among moneyline bets that do not involve a points spread, 76% of bets predict the Bengals will win the game outright.     2. 🏅Olympic pics Photo: Christof Stache/AFP via Getty Images Above: Germany's Vinzenz Geiger competes in the ski jumping competition round of the Nordic combined men's individual normal hill/10km event. Photo: Julian Finney via Getty Images Above: Daniil Romanov of Team ROC slides during men's skeleton training in Yanqing, China. Go deeper: Medals tracker     A message from Morgan Stanley The Morgan Stanley Interview: Verizon     As we create our connected future, how do we build the 5G and fiber infrastructure needed to support tens of billions of devices? Verizon CEO Hans Vestberg sits down with Morgan Stanley to discuss the outsized capital investment needed for the future and the urgency behind digital inclusion.     3. Catch up quick Susan Collins, incoming president of the Boston Fed. Photo: Federal Reserve Bank of Boston   The new president of the Boston Fed will be Susan Collins, the first Black woman to head one of the 12 Fed banks in the century-plus history of the institution. Go deeper. Trend watch: Eight blue states — California, Connecticut, Delaware, Illinois, Massachusetts, New Jersey, New York and Rhode Island — have announced plans this week to end or dial back indoor mask mandates. The Justice Department approved AT&T's plan to merge its WarnerMedia unit, including CNN and HBO, with Discovery. Dr. Anthony Fauci said pandemic restrictions could end "soon," even as early as this year, he told the Financial Times. (paywalled) Eras ending: The digital media company owned by Barry Diller's IAC is cutting the print editions to six magazines, including EatingWell, Entertainment Weekly, Health, InStyle, Parents and People en Español. Go deeper.     4. 📷 Parting shot: One heckuva view Photo: Alexi Rosenfeld via Getty Images 🌇 The sunset view of downtown Los Angeles as seen from the historic Griffith Observatory.     A message from Morgan Stanley The Morgan Stanley Interview: Verizon     As we create our connected future, how do we build the 5G and fiber infrastructure needed to support tens of billions of devices? Verizon CEO Hans Vestberg sits down with Morgan Stanley to discuss the outsized capital investment needed for the future and the urgency behind digital inclusion.   Like this email style and format? Bring the strength of Smart Brevity® to your team — more effective communications, powered by Axios HQ.   Axios thanks our partners for supporting our newsletters. If you're interested in advertising, learn more here. Sponsorship has no influence on editorial content. Axios, 3100 Clarendon B‌lvd, Suite 1300, Arlington VA 22201   You received this email because you signed up for newsletters from Axios. Change your preferences or unsubscribe here.   Was this email forwarded to you? Sign up now to get Axios in your inbox.   Follow Axios on social media: