While most sports leagues are reluctant to sign deals with betting companies, the NFL has been active in the area. The NFL announced that Caesars, DraftKings, and FanDuel are now official sports-betting partners. They will gain exclusive access to league-owned statistics and can use this information to promote their relationship with the league and tie their brand names to game stats. If the five-year agreement is a success, the league will receive almost $1 billion in revenue. The NFL also retains the right to opt-out of the deal after the first three years.
For example, when the NFL draft went into effect in February 2017, many sportsbooks did not offer official betting for games. However, there are a few notable exceptions. Sportsbooks may void your bet if a game is canceled and the new date is not announced for another 36 hours. In addition, sportsbooks may have different rules regarding the time it takes for a bet to become official. For example, DraftKings would void your bet if the game was postponed or was cancelled, while BetMGM requires the game to be completed within five innings, if the home team is leading.
The PGA TOUR and bet365 are continuing their partnership. In March, the two companies announced a marketing and content partnership for the next three years. Bet365 will become the exclusive overseas betting operator for the PGA Tour, and will provide odds to the PGA Tour website in the UK, Ireland, and Australia. The agreement also includes the exclusive use of the TOURCast shot tracking tool. For more information, visit the PGA TOUR website.