BetMGM and Madison Square Garden Reach Sports Betting Agreement

BetMGM and Madison Square Garden Reach Sports Betting Agreement

New York is on the verge of launching mobile sports betting, marking a huge advancement for the legal industry in the United States. Sports betting has proven to be big business in the United States, and this is why many corporations are preparing for the launch in the Empire State.

Madison Square Garden, the most prestigious area in the world, is officially diving into legal sports betting. MSG Executives recently announced a partnership with BetMGM Sportsbook, which will be one of the mobile sportsbooks available in the state.

The partnership will make BetMGM the official sportsbook of the New York Knicks, New York Rangers, and Madison Square Garden.

Excitement Regarding the Partnership

Madison Square Garden is the mecca of professional sports venues, making this BetMGM partnership significant. Sports betting is sweeping the nation, and deals like this make it apparent how far the legal industry has come since the Professional and Amateur Sports Protection Act was deemed unconstitutional.

The deal is a multi-year partnership that will give BetMGM significant marketing opportunities at Madison Square Garden. They will also be featured during the Knicks, Rangers, New Jersey Devils, and New York Islanders broadcasts on MSG Network.

MSG Executive Vice President Ron Skotarczak, Marketing, and Partnerships was quoted in the media release following the announcement.

He said, “We’re excited to be partnering with BetMGM — a leader in the sports betting and gaming entertainment industry — to bring them an unparalleled platform in sports and entertainment. MSG Sports and MSG Entertainment are made up of world-renowned brands that set industry standards for excellence, exposure, and engagement — making us ideal partners to help drive sports betting’s continued growth.”

He was joined in the press release by Matt Prevost, Chief Revenue Officer at BetMGM.

Prevost stated, “We’re thrilled to see the BetMGM brand connected to a space as iconic as Madison Square Garden. New York is a critical state for BetMGM’s continued growth, and I can’t think of a better way to begin our relationship with The Empire State than partnering with The World’s Most Famous Arena and their legendary team franchises.”

Specifics of the Partnerships

BetMGM wanted this partnership for the exposure they will receive at the world’s most prestigious arena. Based on the press release, the sports betting operator will get a lot of marketing opportunities at the Garden.

The brand will be integrated into the arena through courtside signage. This will be a mix between LED advertisements and permanent signs that will be visible on the television broadcasts. For Rangers hockey games, there will be BetMGM branding on the Zamboni.

Social media is also a major target for the sports betting operator with the partnership. There will be a lot of BetMGM themed content on the Knicks and Rangers social. These will range from betting previews for the games to exclusive giveaways sponsored by BetMGM.

New York is going to be one of the most lucrative sports betting states in America. BetMGM signing with MSG is setting the sportsbook up to be a statewide leader. MSG hosts a variety of sporting events every year outside of the Knicks and Rangers.

This will give the sportsbook numerous opportunities to get involved in the action for college events played at MSG. The Knicks and Rangers will also be sporting BetMGM throughout their social media and games.

New York fans are diehard, so this will help the book attract a large portion of the sports betting market in the Empire State. BetMGM is planning on offering a lot of promotions around both clubs.

Mobile Sports Betting Sends Florida into Launch Mode

Mobile Sports Betting Sends Florida into Launch Mode

The long-awaited launch of the Hard Rock Sportsbook has finally happened in Florida on Monday, signaling the start of online sports betting in the Sunshine State. Although a huge milestone, the launch of Hard Rock Sportsbook is now just one of many exciting gambling news in the United States in 2021.

Game On

It took a while, but Florida residents can now start wagering via their mobile devices, thanks to no other than Hard Rock Sportsbook. The prominent betting provider went live in the state on Monday, two weeks earlier than initially planned.

“Game on, Florida,” read the announcement on the sportsbook’s page, inviting FLoria residents to start betting on their favorite sports.

Florida’s Seminole Tribe went live with online sports betting five days before a hearing in court, seeking an injunction. Intersesnitly, the tribe has the right to go live with sports betting as early as October 15 under a compact it negotiated last spring.

According to the Hard Rock Casino website, the mobile sports betting application is available to download for both iOS and Android devices for free on App Store and Google Play, with enticing bonuses. For example, any new account on Hard Rock Casino will get awarded a $100 risk-free bet to use on any sport.

A Step In The Right Direction

The launch of sports betting in the state is huge news not only for Florida but the U.S. betting industry as well. Florida is viewed as one of the nation’s most fertile states for digital wagering, so the recent news is a massive move towards the more significant cause of legalizing sports betting across the U.S.

A total of five pari-mutuel sites have joined with the Seminole tribe to bring sports betting to Florida, under the agreement (compact) Gov. Ron DeSantis signed with the tribe’s chairman, Marcellus Osceola Jr, in April.

The plan in the compact allows gamblers from Florida to place bets online, with the best run through the tribe’s computer servers. This essentially means that any bet made anywhere in Florida via a mobile app or any electronic device will be deemed to be exclusively conducted by the Seminole tribe.

This will, in turn, mean that the tribe is expected to pay billions of dollars to the state annually for offering sports betting, as well as craps and roulette at their casinos. Additionally, the tribe also need to enter an agreement to market sports betting with pari-mutuels, who will receive a 60% cut of profits.

As revealed by the Seminole tribe, their five partners in online sports wagering are: Palm Beach Kennel Club, Hialeah Park Casino, Ocala Gainesville Poker and Ocala Breeders’ Sales Co., Tampa Bay Downs, TGT Poker & Racebook in Tampa.

Lawsuits In the Wings

As revealed, a pair of pari-mutuels have filed lawsuits against the Seminole tribe, disputing the legality of the compact while claiming that such a set-up will inevitably damage their business.

One of the lawsuits was filed on October 19 in the U.S. District Court in Florida, while the other was filed in the U.S. District Court in Washington D.C., and is set for a hearing on Friday.

In the lawsuit, Bonita Springs Poker Room and Magic City Casino asked for a decision before November 15, which is the date that Plaintiffs contend that “Plaintiffs contend that the relevant provisions of the tribal-state compact at issue, in this case, are scheduled to be implemented,” according to the paperwork.

However, the Seminole tribe stated that they never set a specific date.

It remains to be seen what the implication of a two-week earlier launch is in terms of the lawsuit. However, it does not seem like the Seminoles have opened any sportsbooks at any of their properties.

More information about the lawsuit and the verdict should become available by the end of the month.