Across the US, sports betting apps are becoming more popular by the day. It’s no secret that betting on sports can be profitable, but many people don’t realize just how easy it is to lose money as well. That’s why it is so important to track your bets and follow these tips when betting on sports.
Official betting is when a sportsbook accepts bets on games that are officially scheduled or televised. It’s a form of legal sports wagering that is supported by the governing body of each league and offers players a wide range of protections.
As sports betting grows in popularity, more and more states are adopting regulations to govern it. In 2021, sportsbooks launched in Illinois and Florida, and a year later Arizona joined the list of legal online betting sites. It’s also available at several retail establishments in Kentucky, with DraftKings, FanDuel and MGM joining the ranks of operators.
In the quest to profit from US sports betting, leagues have focused on gaining a role as primary stakeholders and a means of controlling data flow. They’ve been pushing for official data mandates, which have supplanted integrity fees as their preferred method of getting a cut from the industry. The battles over these issues have become front and center in the debate over US sports gambling. The term ‘official league data’ has emerged as a key phrase in this dialogue, although its true meaning is still largely a mystery.