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Analysis

The Impact of Caitlin Clark: Increases Wagers on Women’s March Madness Contests by 540%

Tuesday 14 de May 2024 / 12:00

2 minutos de lectura

(New York).- Optimove Insights’ analysis based on more than 19 million bets during the 2024 NCAA March Madness tournament also revealed women’s games had more TV viewers, men’s games received more bets 

The Impact of Caitlin Clark: Increases Wagers on Women’s March Madness Contests by 540%

The Caitlin Clark Effect, as revealed by Optimove Insights’ analysis of the 2024 NCAA March Madness tournament, shows a significant 540% average increase in bets on games featuring standout player Caitlin Clark. This underscores the profound influence of star players on betting behavior and emphasizes the need for marketers to leverage individual player impact to optimize engagement strategies. 

Games featuring Caitlin Clark in the final stages of March Madness saw an average of 540% increase in bets compared to the baseline, revealing the significant impact of standout player Caitlin Clark on betting behavior in women’s games.  

The research by Optimove Insights, the analytical and research arm of Optimove, examined more than 19 million bets placed on the 2024 NCAA March Madness tournament between March 29 and April 9, encompassing both men’s and women’s games. 

The focus of this analysis was to track the betting trends surrounding games featuring Caitlin Clark, a prominent player in women’s college basketball, and the first pick in the 2024 WNBA Draft.  

The Caitlin Clark Effect: 5.4x more bets 

Fortune Magazine estimated in 1998 that Michael Jordan had a $10 billion impact on the U.S. economy, a phenomenon coined as “The Jordan Effect.” This calculation projected Jordan’s significant influence across various economic sectors. Caitlin Clark, the biggest WNBA prospect in recent history, is showing early signs of “The Caitlin Clark Effect” without taking one shot in the Indiana Fever uniform. 

Optimove Insights tracked the betting activity on women’s NCAA games from the Elite Eight stage through to the Championship game. The comparative baseline game, Oregon State vs. South Carolina, set at 100%, received the fewest bets among the games tracked.  
  
The data revealed the impact of Caitlin Clark on betting activity, with games featuring her, witnessing an average 540% increase in bets compared to the baseline. This suggests a significant influence of individual players on the betting landscape, emphasizing the role of star power in driving fan engagement and betting interest.  

Championship Game: Men’s Get More Bets, Women’s Get More Viewers

The Women’s Championship game had an average of 18.7 million TV viewers compared to the men’s game at 14.8 million viewers, yet the men’s game attracted more than 3X the number of bets. This disparity underscores potential differences in viewer engagement versus betting activity between the two tournaments.  

To read the full report, go here

Categoría:Analysis

Tags: Sin tags

País: United States

Región: North America

Event

PGS, Perú Gaming Show 2024

12 de June 2024

Emotional tribute to Manuel San Román Benavente at PGS 2024

(Lima, SoloAzar Exclusive).-During PGS 2024, a moving posthumous tribute was carried out to the engineer Manuel San Román Benavente who died at the age of 74 and was General Director of the Casino of games and slot machines of the Ministry of Foreign Trade and Tourism of the Peru.

Friday 12 Jul 2024 / 12:00

GLI Perspectives on Gambling Regulation in Latin America

(Lima, SoloAzar Exclusive).- In an exclusive interview with SoloAzar, Georges Didier of Gaming Laboratories International (GLI), offers his perspectives on the evolution of gaming regulation in Latin America and the crucial role of GLI in this dynamic landscape.

Friday 12 Jul 2024 / 12:00

Implementation of robust identity verification systems by 2024 expected

(Lima, Exclusive SoloAzar) - During the conference "Knowing your players, AI, and fradue" at the Peru Gaming Show, Samer Atassi, Vicepresident for Latam at Jumio, addressed the growing concern about online gambling security and highlighted the importance of knowing your players to prevent fraud and protect minors.

Thursday 11 Jul 2024 / 12:00

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