NFL Signs Official Betting Deal With Wagr
The NFL is one of the last major American sports leagues to announce official betting deals with sportsbooks. The NFL announced three sportsbooks as its official betting partners this week. Among the benefits of an official betting deal are access to official league data, the ability to market their relationship with the league, and the ability to tie their brand to team statistics. If the five-year deal is successful, the NFL will receive nearly $1 billion, with the option to opt out after the first three years.
The new partnership with Wagr combines two of the biggest trends in the sports betting world. In addition to making verbal bets official, Wagr will calculate point spreads and allow customers to place wagers against their friends. The deal is also unique in that the new company will have exclusive access to the new stadium of the team, as well as activation tents in the stands. The partnership will also be an opportunity to boost the brand name of the Nashville SC while simultaneously giving fans a chance to place bets on their favorite players.
The NFL’s ideal sports gambling legislation would include substantive licensing requirements to protect consumers. It would also provide clear markets and protect consumers. The bill would prevent insider betting, and place the onus on operators to ensure this. The bill needs to be backed by all 32 owners of NFL teams, which fall into four groups. For it to become law, it needs to pass the state legislature in the US. The state that passed the bill should make sure it meets all the requirements and regulations.Read More