Official betting is the term for a mutually beneficial partnership between sports betting operators and sports leagues. These partnerships give movers and shakers in the industry the opportunity to join forces. They can be as one-off partnerships or as a long-term partnership with a common vision.
The Michigan Legislature passed a bill for legalized sports betting in the state in 2019. The governor signed the bill into law in June of this year. It allows for the legalization of sports betting and online gambling. In addition, it allows for the development of a mobile betting platform.
Licensed gambling operators are required to ensure that customers’ funds are safe and that games are fair. The operators also provide their patrons with resources such as links to support services. There are 15 licensed online sportsbooks in the state.
Some sports leagues have already welcomed the rise of official betting in Michigan. For example, the NFL has a partnership with Caesars and FanDuel. The National Hockey League (NHL) has a partnership with Betway. Meanwhile, the PGA has an exclusive deal with FanDuel.
Despite the uncertainty regarding the launch date of mobile betting, sports fans can register for a new betting site. This site will allow users to bet on their favorite teams on the go. To begin, users must deposit funds into a sports betting account.
Illinois has a sports betting market that has been live for a while now. Although it is still a work in progress, the market is growing fast.