The Growing Trend of Official Betting

Official betting helps sports fans understand the odds of a game. Odds are not always easy to understand, and there are many variables to consider. The NFL, which announced its first official betting partnership in April, is hoping to generate $270 million in revenue from this deal this year. Other sportsbooks can sign similar deals with NFL teams to offer official betting data for the games.

The growth of official betting partnerships in the US has been rapid, with nearly two dozen states now accepting wagers on sporting events. In recent years, the sports betting industry has embraced this new revenue stream. It has benefited operators, platform providers, and sports leagues, and the regulated states have welcomed the growth. But there are challenges involved in establishing and maintaining these partnerships.

Not all sportsbooks offer a mobile betting option. If you want to place bets on your favorite sports, consider an app designed specifically for the purpose. Some mobile applications may not be as user-friendly as a website that is more traditional. Nevertheless, there are plenty of mobile apps that can help you place your bets.

In addition to official betting, there are also plenty of other sports leagues looking to monetize fans’ attention with advertising. The Australian Football League, for example, has signed a sponsorship deal with Crownbet, and the NFL has signed a deal with and Paddy Power Bet. Those partnerships may lead to other sports leagues pursuing similar deals. In the meantime, despite the controversy surrounding betting, sports betting remains legal in Arizona and the Arizona Department of Gaming allows the use of sports betting websites. The Arizona Department of Gaming regulates the sports betting industry and permits advance deposits.