PEBBLE BEACH, CALIFORNIA – FEBRUARY 02: Former NFL quarterback Tom Brady looks on during the second round of the AT&T Pebble Beach Pro-Am at Pebble Beach Golf Links on February 02, 2024 in Pebble Beach, California. (Photo by Ezra Shaw/Getty Images)
Ever since BetMGM unveiled its mobile sportsbook in 2020, it’s had Jamie Foxx as the face of its ad campaign.

During Super Bowl LVIII, the star power reached new heights after the betting app released its first-ever Super Bowl commercial, featuring Vince Vaughn, Tom Brady, and Wayne Gretzky.

Tom Brady has a deal with BetMGM, but it looks like it won’t last for too long.

Tom Brady’s pending investment in the Las Vegas Raiders is the reason that the deal will go away. The NFL has not yet approved the transaction for Brady to become a minority owner of the Raiders, but once they do, he has to make changes.

Via Pro Football Talk:

Per the NFL, the moment Brady’s acquisition of a portion of the Raiders is approved, he’ll have to cut ties with BetMGM.

“NFL personnel are prohibited from engaging in, using or permitting the use of one’s name or images in connection with activities or materials that depict, advertise, market or promote any form of gambling, including sports betting,” the league said in an email to PFT.
The seven-time Super Bowl champion was offered a sweetheart deal by Mark Davis at a discounted price to own the team.

Brady’s investment group in the Raiders also includes Knighthead Capital co-founder Tom Wagner. Brady’s group is aiming to buy a stake in the franchise worth a little more than 10 percent.

Brady and Raiders owner Mark Davis revealed last May that they had agreed to a deal for the former quarterback to become a minority owner in the team. The two had already worked together with Brady’s acquisition of a minority stake in the WNBA’s Las Vegas Aces, which Davis also owns.

Brady’s investment in the Raiders remains under review. A three-fourths majority vote from league owners is required for any deal to be approved.