That is plenty of time to inject post-event meta data into a broadcast to enhance the viewing experience. There is no need to predict if a basketball shot is going to be a miss to the viewer at home. We can simply wait for the event to occur and then the broadcaster can inject the results between the time the event occurs and the when the viewer sees the event.
I guess not many people watch sports from a DVR, but imagine if you had an hour to two to computationally enhance the sport event's display.
Or maybe you could watch an episode of The Walking Dead and elect to see real time Twitter/Instagram/Facebook reactions alongside the broadcast or on your second screen.