Thescore Bet
February 22, 2021, TORONTO – Score Media and Gaming Inc. (“theScore” or the “Company”) (TSX: SCR) today announced the launch of a marketed public offering of theScore’s Class A Subordinate Voting Shares (“Class A Shares”) in the United States and Canada, representing theScore’s initial public offering in the United States.
TheScore promo code and bonus for NJ bettors When theScore betting apps becomes an operating wagering online platform. TheScore Bet is now live in both New Jersey and Colorado, and they are expected to continue to grow throughout the US. Retail Partner: Monmouth Park. Retail Launch Date: Jun. Mobile Launch Date: Sep. Is a digital sports media company based in Canada, the only.
In connection with the initial public offering of the Class A Shares in the United States, theScore has filed an application to list the Class A Shares on the Nasdaq Global Select Market (the “Nasdaq”) under the symbol “SCR”. Trading of the Class A Shares is expected to commence on the Nasdaq following pricing of the offering. The Class A Shares will continue to trade on the Toronto Stock Exchange (the “TSX”) under the symbol “SCR”.
A total of 5,000,000 Class A Shares will be offered for sale by the Company in the offering, which will be conducted through a syndicate of underwriters led by Morgan Stanley, Credit Suisse, Canaccord Genuity and Macquarie Capital, as joint book-running managers. The offering will be priced in the context of the market with terms, including price per share, to be determined at the time of entering into an underwriting agreement with the underwriters.
The Company will grant the underwriters an over-allotment option, exercisable for a period of 30 days from the date of the closing of the offering, to purchase up to an additional 15% of the total number of Class A Shares to be sold pursuant to the offering.
The Company currently expects that the net proceeds of the offering will be used to fund working capital and other general corporate purposes, including the continued growth and expansion of theScore Bet’s operations in the United States and Canada by supporting the multi-jurisdiction deployment and operation of theScore Bet and user acquisition and retention in jurisdictions where theScore is, or will be, operating.
The offering is subject to entering into a satisfactory underwriting agreement with the underwriters, which will include customary closing conditions, including with respect to the listing of the Class A Shares on the Nasdaq and the TSX.
In connection with the offering, theScore filed a preliminary prospectus supplement to its base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada, other than Québec. The preliminary prospectus supplement and a base shelf prospectus have also been filed with the U.S. Securities and Exchange Commission as part of a registration statement on Form F-10. The public offering will be made in Canada only by means of the base shelf prospectus and preliminary prospectus supplement and in the United States only by means of the registration statement, including the base shelf prospectus and preliminary prospectus supplement. Such documents contain important information about the offering. Copies of the base shelf prospectus and the preliminary prospectus supplement can be found on SEDAR at www.sedar.com and a copy of the registration statement, base shelf prospectus and the preliminary prospectus supplement can be found on EDGAR at www.sec.gov. Copies of such documents may also be obtained from any of the following sources: Morgan Stanley, Attn: Prospectus Department – 180 Varick Street, 2nd Floor – New York, NY 10014; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, telephone: 1-800-221-1037 or by email [email protected]; Canaccord Genuity LLC, Attention: Syndicate Department, 99 High Street, 12th Floor, Boston MA 021990, by email at [email protected]; and Macquarie Capital (USA) Inc., Attention: Equity Syndicate Department, 125 West 55th Street, New York, NY 10019, or by email at [email protected]
Prospective investors should read the base shelf prospectus and the preliminary prospectus supplement as well as the registration statement before making an investment decision.
A registration statement relating to the Class A Shares has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. The Class A Shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. No securities regulatory authority has either approved or disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Class A Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Thescore Betting App
About Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience and is currently available to place wagers in New Jersey, Colorado, Indiana and Iowa. Publicly traded on the Toronto Stock Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.
Forward-Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “may”, “would”, “could”, “will”, “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, the proposed U.S. initial public offering of the Class A Shares and the listing of the Class A Shares on the Nasdaq, the enactment of enabling legislation and regulations in the jurisdictions in which the Company operates, or intends to operate, to facilitate online gaming, including (without limitation) the enactment of federal legislation in Canada to permit single event sports wagering (including the timing of such legislation and regulations being passed and proclaimed in force (if at all) and the terms and conditions imposed in such legislation and regulations on applicable industry participants), the Company’s receipt of all relevant licences and approvals under the applicable legislation and regulations (as applicable) of the jurisdictions in which the Company operates, or intends to operate, the rate of adoption of online gaming in Canada and other jurisdictions, as permitted by applicable legislation and/or regulations, and those factors which are discussed under the heading “Risk Factors” in the Company’s current Annual Information Form, dated October 28, 2020, as filed with applicable Canadian securities regulatory authorities and available on SEDAR under the Company’s profile at www.sedar.com and as filed with the U.S. Securities and Exchange Commission and available on EDGAR under the Company’s profile at www.sec.com, and elsewhere in documents that theScore files from time to time with such securities regulatory authorities, including its relevant Management’s Discussion & Analysis of the financial condition and results of operations of the Company. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.
For More Information:
Investor Relations:
Alvin Lobo
Chief Financial Officer
Score Media and Gaming Inc.
Tel: 416-479-8812
Email: [email protected]
Richard Land, James Leahy
JCIR
Tel: 212-835-8500
Email: [email protected]
Media Relations:
Dan Sabreen
Director, Communications
Score Media and Gaming Inc.
Tel: 917-722-3888 ext. 706
Email: [email protected]
theScore Bet is an average sportsbook that has the potential to be great. theScore Bet doesn't contain much of the awesome stats and info that theScore Media app has used to attract users over the last seven years. theScore Bet offers basic bets and sports, but bettors looking for player prop bets and sports like cricket or darts will have to look elsewhere.
Top Takeaways for 2020
After spending six months testing thirty online sportsbooks, here are our top findings on theScore Bet:
- theScore is a media company that has over 90M monthly users. theScore Bet is the company's sports betting app.
- If you are a die-hard user of theScore app to check scores, news, and game updates, theScore Bet is an enticing betting option due to cross-app bet tracking.
- theScore Bet contains only a fraction of the player info and stats that make theScore media app so great, a missed opportunity.
- Golf, tennis, and MMA/UFC are not available to bet.
- theScore Bet offers excellent odds on almost every sport.
- theScore Bet is currently available to residents of New Jersey.
- theScore bet offers great customer service which is available via phone, email, and live chat.
Review Summary
theScore Bet is best suited for die-hard theScore media fans, who will enjoy switching between the two apps to bet and track games in real-time. Unfortunately, theScore Bet is average and fails to incorporate enough features from the media app to leave a lasting impression.
| Feature | theScore Bet |
|---|---|
| US Regulated Sportsbook (legal) | Yes |
| Casino | No |
| Poker | No |
| New Jersey | Yes |
| Pennsylvania | No |
| Iowa | Yes |
| Indiana | Yes |
| Nevada | No |
| West Virginia | No |
The Score Betting
Bets Offered
Overview - If you only bet on moneylines, spreads, and totals, theScore Bet is a sufficient offering. If you like exotic props and custom bets you should look elsewhere.
Disappointing number of bets Unfortunately, theScore Bet offers few bets outside of moneyline, total, and spread bets. For most NFL, MLB, and Soccer games, there are only five or fewer prop bets. Most sportsbooks offer upwards of 15-20 team and player props. For example, at other sportsbooks, you can bet over/under how many yards Tom Brady will throw for or how many total touchdowns will be thrown in an NFL game.
Cross-app bet tracking If you frequent theScore media app for live scores, play-by-play updates, and news, theScore Bet makes sense as a sports betting option. Bets you place in theScore Bet can be tracked in theScore media app. The teams you highlight as favorites in the media app will automatically be highlighted in theScore Bet app. Real-time scoring and live odds movements align with your live matchup experience between both apps, allowing you to track teams and bets easily.
Cash-out feature The cash-out feature allows you to amend your original bet. Cashing out early allows you to lock in a profit or loss by settling your bet (or a portion of your bet) early, without having to wait for the event to finish.
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Banking Options and Fees
Deposit Methods - Deposits can be made via eCheck (ACH), Bank Wire Transfers, Debit/Credit Card, or Play+ accounts. The minimum deposit is $10 for each method except Play+, which requires a $20 minimum.
Withdrawal Methods - Withdrawals can be made via a Play+ Prepaid Card, Online Banking Transfer, and cash at the Monomouth Park Racetrack.
| Feature | theScore Bet |
|---|---|
| Minimum Deposit | $10 |
| Total Deposit Methods | 4 |
| No Debit/Credit Card Deposit Fees | Yes |
| Deposit Min/Max - Debit/Credit Card | $10-$20 min |
| Feature | theScore Bet |
|---|---|
| Minimum Withdrawal | $10 - $20 |
| Total Withdrawal Methods | 3 |
| Check Payout Speed is < 10 days | Yes |
| No Withdrawal Fees - Check | Yes |
| Withdrawal Min/Max - Check | $10 |
Sports Offered
theScore Bet offers five sports, the lowest number I've seen a new sportsbook offer. Football, basketball, baseball, hockey, and soccer are the only sports offered. College football and basketball are available to bet on, as well as seven different soccer leagues. Golf, tennis, and MMA/UFC are not available to bet.
Score Betting Site
Odds
The odds data below was gathered over the course of several months and contained over 10,000 data points. Data from 21 total sportsbooks were collected for NBA, Soccer, and NHL games, 17 for NFL games, 18 for NCAA games, and 16 for MLB games.
| Feature | theScore Bet |
|---|---|
| NFL Moneyline | Best |
| NBA Moneyline | Above Average |
| NCAAF Moneyline | Above Average |
| Soccer Moneyline | Worst |
| MLB Moneyline | N/A |
| NHL Moneyline | Best |
| NHL Spread | Best |
| MLB Spread | N/A |
| NBA Spread | Average |
| NCAAF Spread | Average |
| NFL Spread | Average |
| Odds | 5 Stars |
Live Betting
theScore Bet live betting is bland, which is unfortunate because it has the potential to be amazing. While there is a down and distance tracker and live clock (see image below), theScore Bet does not include play-by-play updates or stats. Users have to use theScore media app for that information, which is a missed opportunity for greatness. In terms of live bets, theScore Bet does not offer any instant bets or play-by-play bets, another missed opportunity.
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Customer Service
theScore Bet offers 24/7 live chat, 24/7 phone support, and email responses within 24 hours. My experience with theScore Bet customer service was excellent. Agents responded promptly with detailed answers, providing me with more than what I asked for.
Mobile Betting
theScore Bet app is available for Android and iOS devices. There is not currently a desktop version available to bet on. The mobile app is good, but has the potential to be great. theScore Bet provides bettors with links to game details, stats, and betting info in its media app, theScore.
It would be nice if theScore was able to include some of this information in its betting app, so users don't have to switch back and forth. Regardless, theScore media app is only a click away and provides vital information such as injuries, matchup stats, and game information. The screenshots below are from theScore media app.Gallery
Reputation
theScore is a venture capital-backed media company that ventured into sports betting in 2019. theScore is a publically traded company listed on Toronto Stock Exchange https://tmxmatrix.com/company/SCR theScore stock is considered a penny stock, which means the company has an increased risk of going bankrupt. theScore has a sound reputation so far as a sportsbook, and I will update this section if any issues occur.
Other Notes
theScore Bet offers a few promotions, including a100%deposit match up to $100. The 100% deposit match is not as competive as DraftKings and SugarHouse, which offer a 100% deposit match up to $500.
- Bet a 4+ Leg Parlay of $20 or more, Get a $10 Free Bet This promotion offers bettors $10 for free as long as they place a 4+ leg parlay. The free $10 must bet bet within seven days of receiving it.
- Deposit Match with a Free Bet Bettors making their first deposit with theScore Bet will receive a 100% first-deposit match, up to $100. The $100 must be used within ten days.
- Power up your betting experience by downloading theScore If you download theScore media app, you will receive exclusive betting offers.
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Final Thoughts
theScore Bet is best suited for die-hard theScore media fans, who will enjoy switching between the two apps to bet and track games in real-time. Unfortunately, theScore Bet is average and fails to incorporate enough features from the media app to leave a lasting impression.
theScore Bet is an average sportsbook that has the potential to be great. theScore Bet doesn't contain much of the awesome stats and info that theScore Media app has used to attract users over the last seven years. theScore Bet offers basic bets and sports, but bettors looking for player prop bets and sports like cricket or darts will have to look elsewhere.
Video Review
About theScore Bet
theScore Bet is the sportsbook, which uses the same branding and name as theScore media app. theScore media app is an app that provides sports fans with news on teams and players, fantasy information, standings, and scores and stats. In my personal experience, I've found theScore media app to be faster and superior to the ESPN app when checking the score of a close game. theScore media app had over 100M users in January 2019. theScore is VC-backed and has raised a total of $94.4M in funding over four rounds, according to Crunchbase.
Methodology
For the BettingBuck.com annual best online sportsbooks review published in 2020, a total of 2,300 data points were collected over six months and used to score sportsbooks. Additionally, odds data was collected for each sportsbook on over 1,400 bets to give each sportsbook a comparative odds ranking.
Sports betting sites were scored across seven core categories to computer an overall rating: total number of sports and bets offered, odds, live betting features, mobile apps, educational resources, ease of use, and current bonuses.
Learn more about how we test.
About the author: Joey Shadeck Joey Shadeck is the lead writer for Moneyline.com and content strategist for Michigan-based Reink Media Group. He has closely tracked sports betting in the United States for the last two years, compiling hundreds of data points across dozens of sportsbooks. He has 6 years of online betting experience with hundreds of bets placed during that time.