Cookies on the PokerWorks Website

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the PokerWorks website. However, if you would like to, you can change your cookie settings at any time.

Continue using cookies

Poker News | World Poker News

Tiger Woods Declines Multi-Million Dollar PaddyPower Sponsorship

Share this
It was a bold move by but one that promised much more publicity than probability.

PaddyPower is an online gaming site based in Europe that boasts of a sportsbook, casino, bingo section, and poker room. Though it is a successful company, the $75 million endorsement offer it made to Tiger Woods came as a surprise to most in the gaming industry. An acceptance would have paid off in publicity alone, most likely, but the possibility that Woods would take the site up on its offer was highly unlikely.

One of the first media outlets to report the offer was TMZ, a tabloid news site that focuses on celebrities and spent much web space covering the Tiger Woods adultery scandal from the moment the story broke. The most well-known golf pro in the world has since been connected to numerous women with whom he had affairs, which ultimately caused him to lose many of his most lucrative multi-million dollar sponsorship and endorsement deals in the past few months.

The $75 million offer to Woods from PaddyPower was to be a five-year deal, and it was reportedly sent to Woods’ representatives, at which point the offer was refused. But according to TMZ, “Paddy claims it’s planning to come back with an even sweeter offer in the near future.”

No official word has been released by PaddyPower regarding the deal, and no information can be found on its website regarding the declined offer to Woods or any possibility of a second offer.

PaddyPower likely anticipated the wealth of publicity from an endorsement deal with Tiger but knew that as he tries to rebuild his reputation, personally and professionally, entering an agreement with an overseas online gaming site would not be a positive step in his career restructuring process. The gaming industry as a whole knows that most mainstream athletes, especially those embroiled in scandals, will not want to be associated with online gaming, an industry that finds itself in a gray area regarding legality in the United States.

News Flash

The IRS Scores Big at 2015 WSOP ME Final Table

The IRS managed to snag 34.13 percent from the payouts of the 2015 November Nine, totaling $8,467,091.

Read more

Quick Room Review

Bonus Room review

Subscribe to the Nightly Turbo

Be the first to know all the latest poker news, tournament results, gossip and learn all about the best online poker deals straight from your inbox.

RSS Feed