Official betting partnerships are a great way to join forces with the industry’s movers and shakers. Not only can you get the best possible odds, you can also have the chance to claim risk-free bet deals. These relationships can stretch far beyond the traditional sportsbook, though.

A few sportsbooks have announced official betting partnerships, and these companies are gaining traction in many states. In Michigan, for example, the Oakland University Golden Grizzlies are based in Rochester and play in the Horizon League conference.

BetMGM has partnerships with several popular teams, including the New York Knicks, the Chicago Bulls, and the Nets. This company has also been an official partner of Madison Square Garden since November 2021.

Another brand, DraftKings, announced a groundbreaking partnership with the Ultimate Fighting Championship. This agreement will give the company the right to use the UFC’s trademarks. It will also allow the two partners to create in-game promotions and odds generation.

The NFL has also announced an exclusive partnership with DraftKings. The daily fantasy sports site will automatically enter users into 100K free bet sweepstakes, and will provide customers with a $200 bonus when they sign up for a new account.

With the passing of a bill in the state of Ohio, the sports betting market will soon be open for business. However, before the market can really take off, the state must ensure it’s up to snuff. Luckily, the state has a “penalty box” period in place to help the local sportsbooks learn their craft.