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While Ebersol effusively talked about gambling, he did not reveal that his team was building a robust product that would immediately bolster interest in the league. That revelation, which comes this week, makes it more clear why certain investors wanted in, including the Chernin Group, which owns the sports betting site and app The Action Network; tech investor Keith Rabois; and Brian Singerman from the Founders Fund. Another investor on the gambling side is MGM, which will be the exclusive in-game gambling partner of the league for the next three seasons. MGM will host the gambling business on its app because it is the licensee. MGM recently signed a deal to be the official gaming partner of the NBA, but its only exclusivity is sponsor designation. The AAF deal marks the first time any sports organization has sold exclusive in-game betting rights to a sportsbook.
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