The NFL is the last American sports league to sign official betting deals with sportsbooks. The NFL has named three sportsbooks as its official betting partners. As an official betting partner, the sportsbooks will receive official league data, promote their relationship with the league, and tie their brands to statistics and betting lines. If the five-year deal holds up, the NFL will receive nearly $1 billion in revenue from its betting partners. If the NFL isn’t satisfied with the deal after three years, it can opt out.
BetMGM
BetMGM has been named the official betting operator for the PGA TOUR. This relationship is aimed at increasing the visibility of sports betting for the tour and engaging golf betting enthusiasts. BetMGM will be allowed to use tour logos and distribute pre-game betting programming and highlights to its users. This partnership will help the casino operator expand its digital presence across key markets in the United States. It will also give it access to the PGA TOUR’s marks and video highlights.
As part of its new partnership, BetMGM will offer odds on LPGA games, as well as odds for other select sports events and leagues. BetMGM will also be allowed to use the LPGA logo in marketing materials. This partnership will help develop a new brand image for BetMGM. While betting on sports events will be allowed at the casino, be sure to check out the sportsbook app on your mobile device! And don’t forget to check out its sister sites!
WynnBET
When you first start to use the WynnBET official betting website, you will need to create an account. The registration process is similar to that of other vendors. Once you have filled out the required information, you will need to click the gold “Register” button at the top of the screen to confirm your identity. Afterwards, you will be asked to enter personal information such as your name, address, date of birth, and mobile phone number. Then, you will need to provide the last four digits of your social security number. When you’re done, you’ll be asked to verify your address information, including your address, street, city, and zip code.
The company launched its official betting website in November 2020 and has since quickly expanded its presence across the country. By April 2022, the site is live in nine states and is working to enter the market in more states. In addition, the company has announced partnerships with top sports teams including the NFL and the NBA. As of this writing, it has also secured deals with several sports teams, including the New York Jets and the Philadelphia 76ers.
BallyBet
The New York State Gaming Commission has approved the launch of Bally Bet, which will become one of the most popular sportsbooks in the country. The New York mobile app went live yesterday (7 July), making Bally the last of the nine licensed New York sportsbooks to launch this year. With FanDuel, DraftKings, Caesars Entertainment and other large players in the industry set to launch in New York on 8 January 2022, Bally will have a tough time keeping pace.
Bally Bet’s 2.0 sportsbook platform has just launched in Arizona and New York, where it is expanding its brand. The updated platform is designed for ease of use and offers quick access to live scoring updates, as well as visualization of data and popular betting options. Bally’s parent company, Sinclair Broadcast Group, has a naming rights agreement with the state’s major sports broadcaster, NBC. The company’s New York branch will feature the new platform.
Genius Sports
The growth of sports betting is a good business opportunity for Genius Sports, which is looking to tap into the fast-growing sports wagering market. While it may take a few years to de-regulate sports betting in the U.S., it could reach nearly $40 billion by 2025. Genius Sports has also secured a data rights deal with hundreds of leagues and sportsbooks. The stock is an attractive option for investors interested in the overall growth of the sports betting industry.
The stock has been on a downward spiral since Jan. 3, but analysts still have high hopes for the company. The company’s shares have dropped from nearly $30 on Jan. 3 to the mid-four-dollar range today. Last week, Credit Suisse analyst Benjamin Chaiken upgraded Genius’ stock to “outperform” with a $15 price target. The stock is still benefiting from favorable industry conditions, but there are a few risks involved.