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To that purpose, at the end of August, the NFL changed its rules on relationships with gambling operators. Under the new rules, teams will be allowed: To receive advertising from any casinos and fantasy sites, giving them permission to broadcast adverts during preview and post-match programs, as well as during preseason games Teams and casinos can use each other’s brand logos in any advertising Stadiums can now be named after casino partners Teams are specifically barred from any form of revenue share based on referring fans to casinos or online gambling sites, including sports betting sites The rule change does not mark the NFL’s first authorization of team relationships with gambling. Notably, MGM Resorts International and the Detroit Lions had a deal that was not as all-encompassing as the Cowboys’ deal. Back in 2009, the NFL began to allow teams to strike deals with state lotteries . At the time NFL Commissioner Roger Goodell distinguished between lottery games and sports betting: “This would purely be scratch-off and chance games. They are not in any way connected to the outcome of our games. That is a critical feature for us.” That’s now all in the past. The American Gaming Association (AGA) put out some research that estimated the NFL would see around $2.3 billion of extra revenue as the result of legalized sports betting. That estimate includes revenues that teams would be able to obtain under deals such as the one just signed by the Dallas Cowboys. The NBA was first to create a casino partnership On July 31, MGM and the NBA put together the first post-PASPA deal between a sports league and casino group .
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The second is that the operations earned just $7.3 million of that in revenue. The state’s land-based sports betting revenue tax rate sits at 8.5 percent. Therefore, New Jersey’s piece of the pie has amounted to approximately $620,500 so far. It’s a number that isn’t going to make a significant dent in New Jersey’s $37.4 billion budget. It’s true the state’s legal sports betting industry is just getting off the ground, and doing so in a traditionally dead time for sports.
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