There are several advantages to official betting deals for teams and leagues. In addition to getting official league data, these partnerships give companies a chance to promote their relationship with the NFL and their products and services. In addition to this, the partnerships will tie brands to on-air and online statistics, allowing companies to increase brand awareness. However, it’s important to note that the NFL can still opt out after the first two years. Therefore, it’s important to keep these factors in mind when choosing a partner.
While most states allow online sports betting, some require in-person registration. The Ohio Lottery must first approve any application from a sports team. Once the sports betting license is approved, the teams and leagues can launch an online sportsbook. The state will then tax sports betting at a 10% rate. However, this tax is not a major barrier. The sports betting industry has grown in Ohio, so it’s important to make sure that you choose a site that is licensed in your state.
In addition, sports betting is typically slower during the summer months. As of June 2015, the total sports betting handle in Illinois was $628.5 million. The state collected $40.9 million in tax revenue. While this is down from May’s numbers, the numbers will likely continue to rise as the NBA and NFL seasons approach. In the meantime, the state’s legal sportsbooks will continue to grow. So, if you’re looking to make a big money betting on sports, you’ll want to check out the official betting sites.