The National Football League is allowing teams to sign sportsbook sponsorships starting this 2020 season. It is part of the league’s softening stance on gambling. The Sports Betting Committee of the NFL gave its approval after extensive study on the topic.
NFL teams with stadiums in states with legal sports betting can build bookie business. They can have betting lounges and offer mobile betting options. It is like the daily fantasy lounges you see in NFL arenas across the nation. However, teams can’t construct betting kiosk or windows at the sports venues.
The NFL relaxed its rules on gambling sponsorships. The league is excited about how sports betting is evolving. Also, it wants to be part of the development of the industry. With the new policy, NFL teams can have sportsbook sponsors. Also, they can display signs within the stadium.
However, there are some rules regarding sponsorship deals with sports betting companies. 9DollarPerHead found out that signs connected with the sponsorship must have the word “sponsor” visible on it. Also, sportsbook signs are not allowed in the lower sections of the stadium.
At present, five states with legal sports betting are home to NFL teams. They are Nevada, New York, New Jersey, Indiana, and Pennsylvania. Also, six states have approved bills for the legalization of sportsbooks. However, they haven’t launched sports betting in their jurisdictions. They are Illinois, North Carolina, District of Columbia, Tennessee, Michigan, and Colorado.
The new policy signals the league’s willingness to engage in sports betting. For decades, it treated sports betting like the plague. They considered it as a threat to the integrity of the game. However, things have changed. Major professional sports leagues see sports betting as a way to engage fans and increase their revenues.
Now is the best time to start a sportsbook in the United States. Sports betting has become one of the favorite hobbies of Americans. Make sure you follow the guide to being a bookie to ensure the success of your venture.