The ATP Tour has lifted the moratorium on its men’s tennis tournaments, allowing for deals to be made with sports betting and fantasy sports companies, according to Truist Atlanta Open director Eddie Gonzalez.
ATP banned its events from reaching deals with the gaming industry in 2018 amid a series of tennis match-fixing incidents.
Two years later, it appears that the International Tennis Integrity Agency (ITIA) and the organization have seen enough progress to allow championships to search for deals that could be worth up to “six figures per event,” according to Gonzalez.
It appears that sports and fantasy bets are now authorized for ATP Tour tournaments at levels 250 and 500, but there are some vagueness about the terms of the Masters 1000 event categories.
“We are very grateful for the support of the council. This happened with the arrival of Andrea [Gaudenzi] as our new president in a very difficult year, so we appreciate that. This is a big change for the ATP Tour events to be able to guarantee revenue in a new category, ”said Gonzalez.
Under the new regulations, title sponsorship or presentation of partnerships with sports betting or fantasy sports companies are not yet allowed. In addition, marks on the court cannot be placed too close to the players’ chair or bench umpire.
Gonzalez further stated that the seven tournaments organized by ATP in the United States at levels 250 and 500 have pooled their sponsorship rights, meaning that a new sports betting or fantasy daily sports partner is looking for a way to strike a deal with these events collectively.
About ATP Tour
With 64 tournaments in 31 countries, the ATP Tour features the best male athletes competing in the most exciting locations in the world. From Australia to Europe and the Americas to Asia, the stars fight for titles and points in the rankings with participation in the Masters 1000, 500 and 250 events, as well as in the Grand Slams.
