The Rise of Official Betting
Official betting is a way for fans and sportsbooks to bet on sports. Many of the major professional and college sports are regulated and there are many ways to place wagers on them. Some sports, such as basketball and football, have more than one betting option available. There is also betting for NASCAR races, which creates custom head-to-head markets. Many different sportsbooks have partnered with NASCAR to offer these services, including BetMGM, WynnBET, Penn National, Fubo, and DraftKings.
In-play betting without official league data
In-play betting without official league data is a controversial topic that’s gained attention since the US Supreme Court struck down PASPA in May 2018. In-play betting without official data is a form of wagering on sporting events without a prior knowledge of the outcomes of the game. It is prohibited in several states, including Connecticut, Tennessee, and Illinois. However, a team of poker writers and players called Deck Prism has created a system to simulate in-play wagering without using official data.
While there are advantages to in-play betting, there are also disadvantages. It puts pressure on bettors and requires quick decisions. The reason for this is that in-play betting lines constantly change as the game progresses. For example, a given moneyline, spread, or total may only be available for a short period of time. Additionally, the betting lines change as a scoring play or change of possession occurs.
DraftKings partnership with PGA TOUR
DraftKings, a leading online sportsbook, has recently announced a multi-year partnership with the PGA TOUR. This relationship will include a variety of marketing and content initiatives. Beginning in July 2019, DraftKings will be the official betting operator for PGA TOUR tournaments.
In addition to this new partnership, the PGA TOUR is collaborating with bet365, one of the world’s largest sports betting companies. The partnership will see the PGA Tour’s official live betting product integrated with bet365’s front-end betting platform.
NFL’s involvement in sports betting
The NFL is getting involved in sports betting. The NFL recently announced its partnership with several gambling operators to incorporate gambling content into its broadcasts. In addition, the league has licensed official data and video to sportsbooks around the world. The NFL plans to generate $270 million in revenue through its involvement in sports betting this year.
The NFL wants to hire a general manager to oversee its sports betting operations. The search began before the Pandemic 2020, but stalled for a while. A month ago, a job posting surfaced, but there’s no concrete timeline on when the process will be concluded. While the NFL has a lot of interests in sports betting, they also want to ensure that it doesn’t tarnish the game. The NFL’s new position will be responsible for identifying potential business opportunities and monitoring the integrity of the games.
NBA’s partnership with MGM Resorts International
The NBA recently announced a new multiyear partnership with gaming company MGM Resorts International. The partnership will be worth $25 million and will see the NBA offer its official brands and data feed to MGM’s casino operators. The partnership is part of a trend toward incorporating sports into entertainment and gaming products. It also represents a new way to promote basketball’s entertainment value. However, the specifics of the partnership have yet to be revealed.
The NBA and MGM Resorts will be able to use official data from NBA and WNBA games to enhance the sports betting experience. They will also work together to protect the integrity of sports, including anonymizing data collected in real-time. The partnership is the first of its kind by a major league following the US Supreme Court’s relaxation of sports betting laws in May.