Fourth Of July Hot Dog Eating Contest: Betting Odds Favor New Champion As Joey Chestnut Sits Out
Portfolio Pulse from Chris Katje
Joey Chestnut will not participate in the 2024 Nathan's Famous International Hot Dog Eating Contest due to a sponsorship dispute with Impossible Foods. This could impact viewership for Disney, which airs the event, and change the betting odds significantly. Chestnut will instead compete in a Netflix special later this year.
July 05, 2024 | 2:59 pm
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NEGATIVE IMPACT
The Walt Disney Company, which airs the Nathan's Famous Hot Dog Eating Contest, might see lower viewership due to Joey Chestnut's absence. This could impact advertising revenues.
Joey Chestnut's absence could lead to reduced viewership for Disney's broadcast of the event, potentially affecting advertising revenues.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nathan's Famous will see a different dynamic in its 2024 Hot Dog Eating Contest as Joey Chestnut will not participate due to a sponsorship dispute. This could affect the event's popularity and viewership.
Joey Chestnut's absence could lead to lower interest and viewership in the event, potentially impacting Nathan's Famous' brand visibility and associated revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
DraftKings has updated betting odds for the Nathan's Famous Hot Dog Eating Contest with Joey Chestnut out. This could lead to increased betting activity as the competition becomes more unpredictable.
With Joey Chestnut out, the competition becomes more unpredictable, potentially driving increased betting activity on DraftKings.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Netflix will feature Joey Chestnut in a special later this year, which could attract viewers interested in competitive eating, potentially boosting subscriber engagement.
Featuring Joey Chestnut in a special could attract his fanbase and competitive eating enthusiasts, potentially boosting Netflix's viewer engagement and subscriber interest.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60