Biggest Sponsors for Basketball Teams
Basketball is one of the most popular sports in the world. It's a business that involves deals, agreements for teams and sponsorships. The National Basketball Association has generated $10 billion in revenue in 2021.
Gambling businesses support sports leagues and athletes. Online casino sites are getting more involved in sports such as basketball. They are interested in growing their customer base. Biggest sponsors for basketball teams are betting companies. They want to prove their reputability. With time, the online gambling industry will keep expanding and helping clubs to make progress.
Nike has a sponsorship deal with the NBA until 2026. Michael Jordan has earned more than $100 million through his collaboration with Nike. Adidas and Reebook were the previous NBA sponsors. They were replaced by Nike in 2007. The deal is similar to other jersey sponsorship agreements.
2K Sports is the official gaming partner of the National Basketball Association. NBA 2K League was created as a result of their partnership. The game is a basketball-based simulation video game released in 2017. It is available in an eSport section with its own team. NBA games are popular in the gaming and gambling industry.
American Express has been the official card of NBA since 1995. It sponsors teams such as Los Angeles Lakers, Boston Celtics, Chicago Bulls, Brooklyn Nets, and Miami Heat.
Nike, American Express, 2K Sports, and a variety of betting companies have lucrative deals with basketball clubs. Both parties benefit from this partnership.
