Apr 12, 2021 (Baystreet.ca via COMTEX) -- The 2021 PGA Masters golf tournament in Augusta, Georgia had all the usual thrills that give it a global audience and make it the most watched golfing event every year. On Sunday, Hideki Matsuyama became a Japanese legend, holding off Xander Schauffele and 24-year old Will Zalatoris to become the first Japanese golfer ever to win a major golf championship, earning the vaunted green jacket with four-round total of 10 under par. Matsuyama delivered a nice payout to anyone that took him from the outset, where he was a 40-1 longshot, as betters looked to the typical favorites like Jordan Spieth, Dustin Johnson, Bryson DeChambeau and Justin Thomas. Zalatoris came in at 125-1, according to DraftKings /zigman2/quotes/213120645/composite DKNG -1.70% .
Safe to say that in-play betting at DraftKings was extremely active throughout the tournament considering the top four at the end of round two on Friday included Zalatoris, Brian Harman and Marc Leishman, all of which were 100+:1 odds entering the tournament, and leader Justin Rose, who came in at 90:1. With that type of dynamic, DraftKings wants to get in front of as many potential customers worldwide as possible for its sportsbook and fantasy contests, and for that, they look to Hashoff, a subsidiary of DGTL Holdings Inc. /zigman2/quotes/213891130/delayed CA:DGTL +6.45% (otcqb:DGTHF).
Hashoff is an emerging leader in the Content-as-a-Service (CaaS) social media martech space, booming components of advertising and marketing that utilize cutting-edge technologies like Artificial Intelligence and Machine Learning (AI & ML) to build and manage campaigns involving social media and influencers to showcase brands. As ad spend on traditional media like television and newspapers is in a constant state of decline, social media and digital advertising, which are much less overt while being more effective, are surging.
To lend some color, understand that social media spending increased 20% in 2020 from 2019 to $43 billion and influencer marketing shot up 50% to $9.7 billion. The upside to the nascent adtech/martech market bears out in the fact that global ad spend for 2020 was $572 billion.
Hashoff provides a turnkey solution with access to more than 150 million relevant digital content creators globally, along with all the technology to help define what will be the most effective strategy, best target demographics and more, along with metrics measuring overall campaign performance.
To access the platform, Hashoff clients pay a monthly SaaS fee and then a separate cost specific to a designated campaign (the CaaS component). In the DraftKings case, for instance, the one-week campaign was valued at $75,000 plus the monthly SaaS fee.
The Masters campaign came shortly after DraftKings signed a two-year SaaS licensing agreement with Hashoff and activated a $200,000 campaign during the 2021 NCAA Men’s Basketball Tournament, better known as “March Madness.”
To be clear, DGTL is careful not to actually use the name “DraftKings” in its press releases, a verboten act in the business owing to competitive advantages, but the description of the company allows investors to connect the dots to know that Hashoff is attracting some Tier 1 clients. Another case in point was DGTL activating a campaign for Quaker Oats in March, where the brand name wasn’t used outwardly. However, even a novice gumshoe would uncover that there aren’t any other companies that fit the bill as being a 150-year-old Chicago-based food conglomerate specialized in breakfast cereals, owned by PepsiCo /zigman2/quotes/208744353/composite PEP +0.20% and recognized as having the first ever registered USPTO trademark in their product category.
These companies join a litany of other household brands that Hashoff has in its client portfolio, such as Anheuser Busch-InBev /zigman2/quotes/209225053/composite BUD -5.60% , Pizza Hut /zigman2/quotes/209029767/composite YUM +6.28% , Keurig-Dr. Pepper /zigman2/quotes/201754990/composite KDP -1.08% , Dunkin’ Brands, TJ Maxx /zigman2/quotes/203136811/composite TJX +1.41% , Veritone /zigman2/quotes/202465596/composite VERI -4.76% , Syneos Health /zigman2/quotes/207981284/composite SYNH +0.68% , Publicis Groupe, Patagonia, DoorDash and more.