There is no doubt that the online casino industry has been blossoming in recent years thanks to the massive influx of new players that are enjoyed by these institutions each and every year.
As tremendous growth is imminent, online casino companies are not shy of spending a lot of money to sponsor sports teams to further their advances.
For instance, 17 of the total 24 football championship teams in Europe are sponsored by online casinos and there are some that are blatant when it comes to their coverage. For instance, Sky Bet is all over the sports news in recent memory no matter how you look at it.
People are quite confused as to why online casino companies are looking into sponsoring different professional sports teams but the reason is actually not that difficult.
Football, for example, is a pretty popular sport in almost all regions in the world. The Europeans are pretty passionate about their favorite sports teams, prompting gambling companies to take advantage of this popularity in the hopes of getting more and more popular in the online casino industry.
What’s interesting is that it is not only football that is popular in the world. In Australia, for example, almost all of the sports there have been sponsored one way or another by different online casinos. As to why that is the case, it can be attributed to the fact that Australians are probably one of the most eager bunch to engage in online gambling than any other people on the planet.
Although the American government had a stricter stance when it comes to all forms of gambling, the said government has since repealed the Professional and Amateur Sports Protection Act of 1992, thus effectively giving gambling institutions a means of operating within the space as well.
This means that sports-betting has been legalized, at least, in some states in the US which is quite amazing for online gambling companies.
Why This Bodes Well for Both Parties
Now, you would instantly assume that it is only the online casino companies that are getting the bulk of the money that can be had from this endeavor, but that is actually not the case. The move to sponsor popular sports teams is, in fact, a genius plan since both parties can actually get the bulk of the money.
As more and more people are engaging in these sports, more and more people will catch wind of certain online casinos which would then increase their profits manifold as a result.
Some Governments Aren’t There Yet
For instance, the English FA has cut ties with Ladbrokes back in 2017 simply because it just didn’t make sense that they are trying to prevent their players from engaging in gambling activities and having these institutions sponsor some teams is counterintuitive to what they are fighting for.