The NFL became the latest major American sports league to announce official betting deals. The NFL announced three sportsbooks as official betting partners, giving them access to official league statistics. The new partnerships allow sportsbooks to promote their relationship with the league and tie their brands to team statistics. The NFL will pay the sportsbooks nearly $1 billion over the next five years if the deal stands, but they can opt out after the first three years. Official betting deals are a big deal in the world of sports betting.
Sportsbooks are eager to make their odds more accurate. Some states have passed legislation requiring sportsbooks to use official league data. While this might seem like a daunting task for sports fans, it’s a great step in the right direction. While sportsbooks have always relied on commercial data feeds, these new agreements will streamline the entire betting process for the public. Official betting odds will be updated much quicker and have a longer shelf life.
There are many advantages to legal sports betting. The integrity of the NFL has remained unaffected. For example, the NFL’s integrity has endured the first season of sports betting. The NFL also works with the NFL’s officials to ensure the integrity of the league’s games. Besides providing betting data, DraftKings is also an official partner of the NBA and MLB. DraftKings also owns the Vegas Sports Information Network, a multiplatform sports betting network.