While many sports leagues allow sports betting, the NFL has been slow to jump on the bandwagon. As a result, the NFL has sought out partnerships with companies for betting options. As the last major league to sign an official betting deal, the NFL can expect a $1 billion revenue boost from the new partnership. The NFL also retains the right to revoke the partnership if the new deal doesn’t meet its expectations. Here are some benefits of signing an official betting deal with the NFL:
The NFL has been aggressive in pursuing partnerships with sportsbooks, infusing their broadcasts with gambling content, and integrating betting into the stadium experience. In April, the NFL announced it would be partnering with DraftKings, FanDuel, and Caesars as official sports-betting partners. It expects to generate $270 million in revenue this year from these partnerships. But there is one problem with NFL betting deals: the networks are wary of alienating casual fans.
The point spreads on the betting line can be subject to change, and the one listed on your ticket may not be the same as the one listed when the game starts. That’s because point spreads are constantly changing, and what you see on your ticket could change significantly before the game starts. If you’re betting on the total number of points scored in a game, the official betting odds are the ones listed on the ticket. But if a team covers the spread, the payout will be based on the number of runs scored.