The NFL Signs Official Betting Deals With Three Sportsbooks

As the last major American sports league to sign an official betting deal, the NFL is also one of the most sought-after. The league announced that it would sign deals with three sportsbooks, providing them with official league data, enabling them to tie their brands to statistics. If the five-year deal is successful, the league will receive nearly $1 billion. If it does not, the league can opt out at any time. However, that seems unlikely.

In an attempt to improve the experience of golf fans, betPARX plans to offer branded fan experiences at the Memorial Tournament. The company first entered the sports industry with the Memorial Tournament and parlayed that influence into becoming the official betting partner of the PGA Tour. The agreement includes the use of PGA Tour marks and intellectual property as well as the ability to access video highlights of tournaments. For a complete list of events, see below.

The NFL has concluded that the ideal sports gambling legislation would include substantive licensing requirements, clear markets, and protection for consumers. The league also wants to ban betting by insiders and make it the responsibility of the operators to ensure that no one is betting on a game with a conflict of interest. The NFL’s plan requires the backing of all 32 owners of NFL teams, which fall into four distinct groups. These owners have various competing interests, so it is essential that the NFL and the NFLPA work together to make the best possible deal for fans.