Official betting is the process of placing a bet at an establishment that is licensed to accept bets. This can be either a physical sportsbook or an online/mobile platform. Sportsbooks are regulated by the state in which they operate and can be found in professional sports venues, casinos, racinos (combination race track and casino), or other gaming facilities.

The NFL has taken a more measured approach to sports betting, with commissioner Roger Goodell noting that the league has an obligation to protect its fans and players. Other professional leagues have similar policies in place, with the NHL partnering with both DraftKings and FanDuel to ensure best-in-class practices for betting integrity.

While the NBA has a position on responsible gambling, it also recognizes that sports betting is pervasive in its states and will continue to monitor player prop bets through the world’s largest global integrity monitoring program. In addition, the NBA will work with both DraftKings and FanDuel on best-in-class advertising standards to promote responsible gambling and educate fans about gambling addiction.

The NCAA has a comprehensive code of conduct for sports betting, including provisions for student-athletes and coaches to educate them on problem gambling harms and the risks that sports betting poses to the integrity of college athletics. Generally speaking, students at all levels of the men’s or women’s league systems and match officials at FA Level 4 or below are banned from betting on any competition the NCAA sponsors.