Despite the growth of commercial sports betting in the wake of the Supreme Court¡¯s 2018 ruling, the most common way that Americans bet on sports is with friends or family, according to the Center¡¯s survey, which was fielded July 5-17 among 6,034 adults. Some 15% of adults say they have bet money on sports with friends or family in the last 12 months, such as in a private betting pool, fantasy league or casual bet. Smaller shares say they have bet money on sports in person at a casino, racetrack or betting kiosk in the past year (8%) or that they have done so online with a betting app, sportsbook or casino (6%). All told, 19% of adults have bet money on sports in at least one of these ways in the past year.
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Sports teams benefit greatly from sponsorships; these connections between sports franchises and sportsbooks help both parties. Smaller athletic teams can also benefit significantly from larger betting sites. These sites provide platforms for teams to use contract funds provided by betters. Sports teams and brands can profit from paid field ads during athletic events. This allows them to generate revenue through sponsorships, which is most teams¡¯ primary income source. These funds are then used to improve overall performance and pay for equipment and facilities. Many believe that sports teams would struggle if their sponsors ended their funding. Sports teams have more potential investors and advertising opportunities, which is believed to make them more stable. Supposedly, small businesses struggling with huge sponsorship contracts would be commonplace. Smaller companies occasionally look for athletes in lower athletic leagues. Doing this allows them to profit from lucrative endorsement deals in the long term. These deals are a great opportunity for great marketing for larger sports leagues¡ª such as football. Since billions of football fans are worldwide, these sponsorships are even more valuable.
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