Official betting aims to provide a clearer market for bettors. In order to do this, betting sites use data from the official website of the game. This allows bookmakers to provide better odds to bettors. In addition, official betting is easier to follow. There are many factors that go into the odds for any given game.
NFL teams have also entered into official betting agreements with sportsbook operators, including DraftKings and FanDuel. These partnerships will allow betting content to permeate the atmosphere of the stadium and broadcasts. This will give the NFL an added revenue stream. This revenue is expected to increase to $270 million this year, according to the league.
Another example of an official betting partnership is the partnership between Bet365 and the PGA TOUR. The two companies have entered into a three-year marketing agreement. The company will serve as the official betting operator for the series and will feature odds on leaderboards, player pages, and TOURCast – a 3d rendering of every shot. In addition to the US, the partnership will also include the UK, Ireland, and Australia.
While betting on sports is illegal in most states, Ohio’s legislation has explicitly legalized online sports betting. Several common sportsbook operators operating in Ohio are FanDuel, DraftKings, and UnderDog Fantasy. It is expected that sports betting will be legal in Ohio by the end of 2023. The Ohio Casino Control Commission confirmed the delay in December 2021, but the date was pushed back to make sure the new sportsbook operators would be ready.