The Rise of 24betting: How IPL Owners Make Money

The Betting World and 24betting

In the world of sports, betting has become a huge industry. With millions of fans worldwide and various tournaments taking place throughout the year, it is no surprise that many people are drawn to placing bets on their favorite teams and players. And one of the biggest players in the betting world is none other than 24betting.

Established in 2000 by Denise Coates, 24betting has become one of the leading online betting companies in the world. The company offers a variety of sports betting options, including popular leagues such as the Indian Premier League (IPL) and the Big Bash League (BBL). But how does 24betting influence other aspects of these leagues, such as team ownership and tournament revenues? Let’s take a closer look.

BBL Champions List and 24betting

The BBL, Australia’s top-tier domestic twenty20 cricket competition, has been growing in popularity over the years. With more viewers and fans, it has also attracted the attention of companies like 24betting. The online betting giant has been the official naming rights sponsor of the BBL since 2012, which has resulted in a significant increase in the league’s revenue.

In fact, according to the BBL’s financial reports, the league’s revenue has grown from $21.3 million in its inaugural season to an astounding $60.7 million in the 2019-2020 season. And with 24betting‘s partnership and marketing strategies, the league’s popularity and revenue are only expected to increase in the years to come.

24betting‘s partnership with the BBL has not only financially benefited the league but has also brought a new level of excitement for fans. With in-play betting options, fans can now place bets during the game, adding to the overall viewing experience. And as the league’s popularity continues to grow, more and more fans are expected to join in on the action.

Ind 24 Bet and IPL Team Ownership

Similarly, in the IPL world, 24betting has quickly become one of the top online platforms for betting on cricket matches. As the official betting partner of the IPL since 2018, 24betting‘s presence has been felt throughout the league, especially in regards to team ownership.

The IPL’s team ownership structure has always been a lucrative investment for many individuals and companies, with each team costing millions of dollars to acquire. And with the rise of online betting, many team owners have also taken advantage of this opportunity. In fact, one of the most notable team owners in the IPL, Kishore Biyani, has also ventured into the world of online betting with his company, Ind 24 Bet.

Ind 24 Bet, a subsidiary of Biyani’s Future Group, offers online betting services for various sports, including cricket. With the partnership between the IPL and 24betting, it is no surprise that Biyani saw the potential for a successful online betting business in India.

Vijay Hazare Trophy 2023 Winner and 24betting

The Vijay Hazare Trophy, India’s domestic one-day cricket competition, has also caught the attention of 24betting. The company has been the title sponsor of the tournament since 2017. And with the rise of the tournament’s popularity, 24betting‘s presence has only grown stronger.

With 24betting‘s online platform, fans can now not only watch their favorite teams compete but also place bets on the outcomes of the matches. This has not only brought in more viewership for the tournament but has also been beneficial for the teams and the cricket board financially.

And with the next edition of the tournament set to take place in 2023, it is expected to draw even more attention from sports fans and betting enthusiasts. With new teams joining the tournament and stars from the Indian national team participating, it is sure to provide an exciting platform for bettors and a chance for 24betting to further showcase its services.

How IPL Owners Make Money?

So how exactly do IPL owners make money? With the help of companies like 24betting, team owners have been able to increase their revenue streams significantly.

First and foremost, the IPL’s broadcasting rights are one of the major sources of revenue for all the team owners. With broadcast deals worth billions of dollars, the teams receive a considerable share of this revenue, which forms a significant part of their income.

Secondly, through various brand sponsorships and partnerships, team owners are able to earn big bucks. Whether it is through jersey sponsorships or naming rights for their home grounds, these deals have been proven to be highly lucrative for the teams and their owners.

But with the rise of online betting, team owners have also been able to tap into a new source of income. With 24betting‘s partnership with the IPL, team owners receive a percentage of the revenue generated from betting on their matches. This has not only provided them with a substantial financial boost but has also brought in more viewership for their teams in the league.

In Conclusion

The rise of 24betting in the world of sports betting has not only changed the way fans engage with their favorite teams and players but has also had a significant influence on other aspects of the sports industry. With partnerships with major leagues and tournaments like the IPL and BBL, 24betting has become a household name for betting enthusiasts.

In turn, this has also led to a significant increase in revenue for these leagues and the team owners, who have also taken advantage of the online betting craze. And with more and more followers jumping onto the betting bandwagon, it is safe to say that 24betting‘s influence in the sporting world is only going to continue to grow.