The NFL is the latest American sports league to sign an official betting deal with a sportsbook. The league recently announced that three sportsbooks have become its official betting partners. This partnership will allow sportsbooks to offer official data and statistics about the games. In addition, these betting partners will be able to use this information for marketing purposes. It is anticipated that the NFL will generate $270 million in revenue from official betting this year.
Many of these sports betting partnerships are a way for the industry’s movers and shakers to align their efforts. They are not merely one-off agreements, but rather vast portfolios of relationships that span decades. One such company is DraftKings, one of the sector’s market leaders. It has recently agreed to an extensive number of partnerships that will strengthen its presence in several states.
The state of Illinois recently passed a law that allows sports betting. The legislation also includes a controversial integrity fee. The bill requires states to tax 12.5% of gross sports wagering revenue to pay for the costs of ensuring integrity. While the law is not mandatory, the fees will help support the state’s sports wagering industry.
The Illinois Gaming Board must approve more sportsbooks in the state. However, it has given Master Sports Wagering licenses to seven different casinos in the state. Moreover, sports betting in Illinois is now possible through mobile devices such as smartphones. In addition, major sportsbooks like DraftKings and FanDuel have made their presence in the state official. In addition to this, mobile registration is also a major development in the state.