Official betting deals are becoming a staple of the sports betting industry. They give the movers and shakers of the industry an opportunity to work together. These partnerships aren’t one-off deals, but vast portfolios of long-standing relationships. DraftKings is one such company, which recently signed a wide variety of deals to expand its online and on-air presence.
This partnership between professional sports leagues and sportsbooks is expected to be in place for at least three more years. It will allow bookmakers to use official league data to generate live betting odds. This will provide more accurate information to bookmakers and increase the shelf life of live odds. Bookmakers have been using commercial data feeds for decades, but this new deal will give them a more reliable and accurate source of information.
PointsBet has a unique product called PointsBetting, which allows wagerers to either win or lose more than they bet on a given team. The company is also known for its Good Karma Payouts promotion, which refunded thousands of Yankees bets after the sign-stealing scandal broke. The company is an Authorized Gaming Operator (AGO) of Major League Baseball. This means it has access to official MLB data and the rights to use team marks.
The PGA Tour has also taken steps to ensure the integrity of its betting events. It has a comprehensive integrity program in place and has partnered with Genius Sports and IMG ARENA to license live scoring data. In addition, it’s a platinum member of the National Council on Problem Gambling and is aligned with the American Gaming Association’s Have A Game Plan campaign. This program is designed to protect the integrity of the sport and ensure that fans are not harmed by the betting options offered.