Tag: Month

Colorado Sports Betting Enjoys Profitable First Month

[ad_1]

As summer draws nearer, major sports are putting into place plans to return to action.

The NBA is ready to resume play July 31 in OrlandoFlorida. While still needing final approval for it, the NHL appears to have the intention to get players back on the ice around the same time.

Golf is back, while NASCAR and UFC are well underway.

In what would normally be a down time of the calendar year, summer 2020 holds the potential to be significant for legalized sports betting.

On to the Rewind:

Colorado sports betting starts hot in first month

When Colorado sports betting went live May 1, many expected a slow start. After all, the world was in the middle of the coronavirus pandemic, sidelining most sports and closing casinos and retail sportsbooks.

Regardless, online books launched in the Centennial State. And the result is an opening month that is nothing to scoff at.

With six operators live in May, legal wagering in Colorado totaled $25.5 million in handle with an official release from regulators expected June 15.

Several major players helped kick off the state’s regulated industry:

  • BetMGM
  • BetMonarch
  • BetRivers
  • DraftKings Sportsbook
  • FanDuel Sportsbook
  • Fox Bet

While paling in comparison with the likes of New Jersey and Pennsylvania, Colorado’s first month is not at all terrible. As Legal Sports Report noted, Oregon reported $7.3 million in handle during May, though it only features one online operator.

Still, Colorado enjoyed a solid first step, as semi-major events such as The Match 2, UFC, NASCAR, Bundesliga and Korean baseball carried the load.

Certainly, Colorado, as well as other states with legal sports betting, will benefit from the return of major sports. The NBA plans on returning July 31, and the NHL is closing in on a resuming play around the same time.

Is online sports betting on the way in Illinois?

Like many states without legal online gambling offerings, the gaming industry in Illinois has suffered amid the pandemic.

The Land of Lincoln already had plans to integrate online betting, which we expected by 2021. However, Gov. J.B. Pritzker recently issued an executive order that struck down the state’s requirement for in-person registration for mobile wagering.

This means that once operators are approved to operate online, those interested in betting via a mobile device can sign up from the comfort of their own homes.

The state requires in-person registration until the Illinois Gaming Board issues the first of three standalone online-only licenses, which, according to law, cannot be issued until 540 days after brick-and-mortar sportsbooks opened April 9. Pritzker’s latest order does not void the in-person requirement but rather suspends its enforcement.

That said, Illinois does not feature any operators licensed to operate online. Naturally, then, many wonder if Pritzker’s order will expire before the first mobile products go live. In this case, in-person registration returns as a requirement.

Regardless, the governor’s latest move could entice stakeholders to accelerate their negotiations to enter the Illinois online market, thus creating a more aggressive timeline for launching online products.

Potentially, if all things go right, Illinois could begin recouping lost revenue by launching the first legal online sportsbooks.

Welcome back, Las Vegas casinos

At long last, following weeks of closure, casinos in Nevada began reopening on June 4. By sunrise, the Vegas Strip was back open for business.

As a result, the first casinos in the mecca of American gambling made their reintroduction.

The likes of Caesars Palace, the Flamingo, the Cosmopolitan, BellagioMGM Grand and New York-New York, among others, welcomed enthusiastic guests.

The state requires all casino employees to wear protective masks while only recommending the attire for patrons. Many properties conducted temperature checks before admitting guests while also supplying touch-free sanitizing stations and even providing single-use masks.

Even with socially distant slots and limited seating at table games, Vegas made its return and seemingly started its way back to normalcy.

What matters is this becomes another sign that we are closer to reaching the end of the tunnel.

[ad_2]

Source link

Golf Futures And FanDuel’s Masters Fantasy Game Tiding Over Fans This Month

[ad_1]

This time of year was supposed to be mecca for sports bettors and fans alike: the NCAA tournament leading into the Masters, officially teeing off the string of golf’s four majors. Alas, the coronavirus pandemic struck. And our thirst for spring golf went unquenched.

While The R&A has decided to cancel rather than postpone The Open, the other three majors have found new dates. The first will get going in early August. Bookmakers still have open golf sports betting markets for those tourneys’ winners. But major championship golf still remains four months away.

Fear not, however. Not all is lost.

FanDuel offering Masters simulation pool

We won’t have the Masters in April for the first time since the tournament’s inception in 1934. Astounding.

But FanDuel is keeping alive the tradition unlike any other.

Through the Masters fantasy golf game, participants can select a lineup of current golfers, past legends and even movie characters. The $10K PGA Sims Free Play Contest will then involve a simulation of the 2020 Masters tournament.

Each hole for every golfer will run through the numberFire simulator, which factors in distance and player skill, among other variables.

Players will have a $60,000 salary cap at their disposal and will use that money to fill out a six-golfer lineup. Lineups lock on Thursday, April 9 at noon ET. Winners of this free-to-play game will receive site credit.

So finally, debates can be settled: Could Happy Gilmore go toe-to-toe with Jack Nicklaus? Could Tiger Woods outlast Roy McAvoy? And how long could Judge Smails last in the same group as John Daly?

Three of four golf majors rescheduled

Organizers have already rescheduled three of golf’s four majors, setting up a monstrous fall lineup:

  • PGA Championship: Aug. 6-9
  • US Open: Sept. 17-20
  • Masters: Nov. 12-15

As it stands, each tournament will admit fans. Similarly, the FedEx Cup will run from Aug. 10 to Sept. 7. To boot, the Ryder Cup expects to take place a week after the US Open.

Combine this with football season, and we are in for one heck of a fall season.

Checking in on golf futures

Many books list Rory McIlory as the favorite in all three majors, a common trend over the past few years. After all, McIlroy remains a prolific player and needs only the Masters green jacket to complete the career grand slam. That said, he has not won a major tournament since 2014.

Other favorites include:

  • Brooks Koepka: four major titles since 2017
  • Dustin Johnson: US Open winner in 2016
  • Justin Thomas: claimed PGA Championship in 2017
  • Jon Rahm: four top-10 finishes at major tournaments over the past two years (no wins)
  • Tiger Woods: 15-time major champion, three shy of all-time record held by Jack Nicklaus

PGA Championship

DraftKings Sportsbook FanDuel Sportsbook Fox Bet
Brooks Koepka +800 Rory McIlroy +600 Rory McIlroy +800
Rory McIlroy +800 Brooks Koepka+1200 Dustin Johnson +1100
Jon Rahm +900 Dustin Johnson+1200 Brooks Koepka +1200
Dustin Johnson +1100 Justin Thomas+1200 Jon Rahm +1200
Tiger Woods +1200 Jon Rahm +1600 Justin Thomas +1400

US Open

DraftKings Sportsbook FanDuel Sportsbook Fox Bet
Brooks Koepka +800 Rory McIlroy +900 Rory McIlroy +900
Dustin Johnson +1000 Brooks Koepka +1000 Brooks Koepka +1100
Rory McIlroy +1000 Dustin Johnson +1000 Dustin Johnson +1100
Jon Rahm +1000 Tiger Woods +1400 Jon Rahm +1200
Tiger Woods +1400 Jon Rahm +1600 Tiger Woods +1600

Masters

DraftKings Sportsbook FanDuel Sportsbook Fox Bet
Rory McIlroy +650 Rory McIlroy +600 Rory McIlroy +600
Jon Rahm +1000 Jon Rahm +1100 Jon Rahm +1100
Justin Thomas +1100 Brooks Koepka +1200 Brooks Koepka +1400
Brooks Koepka +1200 Tiger Woods +1200 Justin Thomas +14000
Tiger Woods +1400 Dustin Johnson +1400 Tiger Woods +1400

[ad_2]

Source link