How the “Miami Dolphins” Made Football and Gambling Work Together?
Miami Dolphins are one of the most prestigious teams in the National Football League (NFL). The team has been to the Super Bowl multiple times, winning it more than once. The Dolphins have also had some of the most successful seasons in a very long and reputable NFL history. But football is not the only thing they do. On the contrary, online gambling sites started occupying the minds of club owners as well.
Why is that so? It looks like the virtual casino business is just too big to resist for the franchise. The “Dolphins” are not the first sports organization to be interested in building an online gambling platform. In recent years, we have seen many examples of such cooperation. NBA’s Sacramento Kings and MLB’s Oakland Athletics have already created their own casinos with real money pokies and many other games.
In this post, we will explain how the Miami Dolphins make football and gambling work together. Let’s take a look!
A few words about the owner
Before we move on to the gambling industry, it is important to know who owns the Miami Dolphins. Stephen Ross is an American businessman born in New York City. Ross is the chairman and majority owner of The Related Companies, a real estate firm. He also has a huge stake in Equinox fitness clubs and SoulCycle. These are just some of his businesses.
In 2009, Ross bought the Miami Dolphins for $1 billion. Needless to say, Ross has enough money to invest in other ventures as well, so it’s not a surprise to see him interested in the gambling business.
What’s the plan?
The Dolphins want to launch their own online casino in New Jersey. But they are not going to do it alone. The team has already partnered up with an experienced operator known as Gaming Innovation Group (GiG). This iGaming platform provider should be in charge of the technical side of the project, while the Dolphins should focus on promoting the casino to their fans.
The team plans to use its official website, social media channels, and even the stadium to attract gamblers. It is supposed to offer a wide range of real money casino games, including slots, table games, and live dealer tables. Players will also be able to take advantage of various bonuses and promotions.
However, Florida-based courts are not prone to sports betting and gambling expansion. The state has a very complicated relationship with the industry. There are some casinos and racetracks, but no online gambling platforms yet. This is why it is still unclear if the Miami Dolphins will be able to go through with their plans.
Why do they want to launch a casino business?
Now that we know about these plans, it is time to pose a question: Why do the Miami Dolphins want to get involved with the gambling industry? Here are only a few reasons:
1. It’s a big business
First of all, it is a very lucrative business. According to the report, the online gambling market is already worth nearly $60 billion, and it is projected to grow big time until 2030. Therefore, it is not surprising that the Florida-based club wants to get their piece of the pie.
It’s a huge opportunity for the owner to expand his business portfolio and make even more money. Surely, Stephen Ross is not planning to use all of his profits to improving the quality of play on the field. At the end of the day, he is a businessman first and foremost.
2. It will attract more fans
Even though it is not going to be easy to launch an online casino in Florida, it is definitely worth a try. Why? Because it can attract more fans to the Miami Dolphins.
Many gamblers are not really interested in watching football games. But if they know that they can place bets on their favorite team and win some money, they will be more likely to become fans. This is an opportunity for the team to increase its fan base.
3. The team could use some extra money
Even though the Dolphins are one of the most popular teams in the NFL, they haven’t been doing very well lately. In fact, they haven’t been to the playoffs since 2016. That’s why Stephen Ross and other team officials are looking for ways to improve the quality of play. And what better way to do it than to have an extra source of revenue?
The gambling industry is a very competitive one. But if the Miami Dolphins managed to launch their own online casino, they would definitely have an advantage over other teams. This could be a game-changer for the franchise.
All things considered, the Miami Dolphins want to launch their own online casino because it is a very lucrative business that can attract more fans to the team. However, it is still unclear if they will be able to go through with their plans due to the complicated relationship between Florida and the gambling industry.
Can other US teams invest in digital gambling?
Yes, other US teams have invested in digital gambling. For example, the Dallas Cowboys have their own official casino app. The franchise has partnered up with a company called WinStar World Casino and Resort to launch the Cowboys Casino. The app offers a wide range of casino games, including online pokies, blackjack, and roulette.
The same goes for Sacramento Kings. The NBA team has invested in an online gambling platform as well. It is a horse racing betting site that also offers casino games. It is worth noting that these are not the only examples. Many other US-based teams have invested in the gambling industry, including the New York Yankees, Pittsburgh Steelers, and Detroit Lions.
However, they reside in states where virtual gaming is legal.
The bottom line
The Miami Dolphins want to launch their own online casino because it is a very lucrative business that could also bring them many new fans. However, it is still unclear if they will be able to go through with their plans due to the complicated relationship between Florida and the gambling industry.
Do you think that other Florida-based teams should follow suit and invest in digital gambling? Let us know in the comments section below!
