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SportsTrax was a classic case of good idea/bad timing. 
Released just before the players strike of 94/95 and eventually discontinued by 98, it was one of the first instances of a wireless mobile device that allowed you to keep up on basic stats without needing to be glued to a TV or radio.
Looking at it now, it's almost a proto tamagotchi. The $299 price point pretty much meant that unless you were either a diehard fan or obsessive gambler (or both) this device was never going to go beyond a niche audience.

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Probably could do well today if it were integrated with gambling sites and real-time data feeds

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Yes, and no. Simply because to fulfil all those needs people would likely just opt for the app as opposed to a dedicated device. Having said that if someone could figure out something to add in addition to those stats then I do think this kind of device would do gangbusters with its intended audience.

Something worth a/b testing 
My first instinct is to lean into the fantasy baseball demographic and figure out what kind of things they feel are currently lacking from a standalone app, then lean into that. 
If you can offer them an experience they can’t get on a phone then it increases the odds of it having traction.

Maybe a GPS device that could verify visits to sports stadiums/arenas