The Australian Rugby League wants to benefit from US sports betting

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he National Rugby League, the largest rugby league club competition in Australia and New Zealand, is considering a plan to capitalize on the growing legalized sports betting market in the United States.

The director of the Australian Rugby League Commission, Gary Weiss, has been tasked with developing betting products for the American market to entice foreign players to play on the NRL, reports The Sydney Morning Herald.

With domestic sports betting becoming an increasingly lucrative source of income for the game, especially during the blackout period, the NRL now believes there is potential in the US market.

The commission is likely to consult with Melbourne Storm chairman and co-owner Matt Tripp, former Sportsbet boss and BetEasy founder, who says the US market orientation has potential.

“Certainly, If they did it right, they could open up a very large and growing market that would generate additional income of bets that they did not expect at the time two or three years ago. Tripp said to the previously quoted news source.

Experts believe that the expanded legalization of betting in the US could lead to an increase in betting revenues of more than 50% within the next five years. Sports betting is now live and legal in 28 states plus DC

“Since everyone sees the USA as a gold rush with betting, There is certainly an opportunity for the NRL to use its assets, pool them and distribute them to US betting companies, ”said Tripp. Further. “There will certainly be a game to develop that. I just hope they do it well because it’s in the best interests of the game. “

Australian Rugby League Commission Chairman Peter V’landys agrees that the US betting market has potential as a real opportunity for the rugby league.

“When I first became chairman, I mentioned that we were looking at the US sports market,” he said, according to The Sydney Morning Herald. “We see tremendous potential in this.” He went on to say that the league is determined to enter the market and that there are “various options”.

V’landys updated the 16 clubs in the plan to enter the US sports market during a conference call with their chairmen and chief executives earlier this month.

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