Advanced Custom Fields ACF - Show posts If Radio "yes"

<?php
        wp_reset_postdata();
        $myargs = array (
            'showposts' => 1,
            'post_type' => 'event',
            'meta_key' => 'sponsored_event',
            'meta_value' => 'yes'
        );
        $myquery = new WP_Query($myargs);

            if($myquery->have_posts() ) :

                while($myquery->have_posts() ) : $myquery->the_post(); ?>


                            <div class="sponsored-event">
                            <div class="sponsored-image" style="background-image: url(<?php the_field( 'event_image' ); ?>);">
                            </div>
                            <div class="sponsored-info">
                                <h2>Sponsored Event</h2>
                                <h1><strong><?php the_title(); ?></strong></h1>
                                <p><strong>Date</strong></p><br>
                                <p class="place"><?php the_field( 'event_location' ); ?></p>
                                <p class="time"><?php the_field( 'event_time' ); ?></p>
                                <p><?php the_field( 'excerpt' ); ?></p>
                            </div>
                        </div>


                <?php endwhile;
            endif;
        wp_reset_postdata();
    ?>