NFL has partnered with sports betting companies to bring official data to betting websites. They will have exclusive access to NFL data and integrate their betting offerings into NFL Network broadcasts. Though the NFL has not officially designated betting partners, it has given access to data to these companies. Here’s why betting on football and other sports is important for fans and leagues alike. In-play betting on golf without league data is also available. Official betting data provides a clearer view of the odds.
NFL betting partners
The NFL has become a major player in the gambling business, aggressively integrating gambling content into its games, broadcasts, and content. The league recently announced that gambling would be available at its stadiums. NFL betting partners DraftKings, FanDuel, and Caesars are now officially licensed by the league to offer their services. NFL betting partners are estimated to generate $270 million annually from gambling content. However, it’s not clear whether the league will allow its team logos to appear on the product.
The NFL is promoting the NFL betting partners by providing them with league-approved data. This gives betting companies the chance to promote the NFL and tie their brands to team statistics. NFL betting partners have a five-year contract with the league, which can be terminated early if it does not meet expectations. However, it will remain a major player in the industry. The NFL is not only promoting its relationship with betting companies, but the league is also benefiting from the increased activity in the industry.
In-play betting in golf without official league data
If you’re an avid golf fan, you’ve probably wondered how in-play betting works. It’s not like betting before an event, though. In-play betting is based on actual live action, and a threesome coming through the last three holes might have their sights set on Jon Rahm with 250 yards to the pin. Using in-play betting, however, offers an advantage over traditional betting.
Official data generated during a game is not free, and bookmakers have argued that this information is not commercially reasonable. Several sources in the industry estimate the cost of providing such data at less than 0.25% of the wagers. The truth is, however, that the cost is so low that the unofficial data has been able to grade in-play wagers in the US market for years.
Legalized markets for sports betting in some states
While the U.S. has seen steady growth in the number of legalized markets for sports betting, a few states remain on the fence. Some states have made strides toward legalization, while others have struggled to pass legislation or to negotiate with various stakeholders, including card rooms and tribal governments. The state of California, for example, is facing a showdown between tribal leaders and card rooms. Lawmakers see $500 million in revenue as a compelling reason to legalize sports betting.
With a high rate of states passing enabling laws to allow sports betting, it’s likely that more will follow suit in the future. While there aren’t federal standards for legalized markets, the states can use examples of what is working in each state to guide those new to the industry. As a generalized model, allowing mobile sports betting across all states in a competitive marketplace seems to be the most promising. However, states should be aware that state-run monopolies are not permitted to offer sports betting in their states.
PGA TOUR’s official betting operator
FanDuel, a New York-based sports book, has been named the official betting operator of the PGA TOUR. As the Official Betting Operator of the PGA TOUR, FanDuel will have a variety of rights that allow it to offer fans pre-event betting programming and distribute highlights through TOUR social media accounts. The company has previously partnered with the PGA TOUR on various initiatives, including the introduction of new betting products.
BetMGM, the Official Betting Operator of the PGA TOUR, will expand its digital sports wagering presence in key markets across the United States. BetMGM will also have access to the TourCast digital platform, which offers live odds for tournament holes shot-by-shot. The partnership also includes the rights to use the PGA TOUR’s marks, video highlights and other intellectual property.