Las Vegas Grand Prix Sets Betting Records and Thrills Fans
Date: 2023-11-21 Author: Dima Zakharov Categories: SPORTS BETTING, EVENTS
Record-breaking Bets at Caesars Sportsbook:
Caesars Sportsbook took the lead, surpassing even the Daytona 500 in total betting handle, setting a new company record for any motorsports event. Craig Mucklow, Caesars vice president of trading, highlighted the significance, stating that it tripled the numbers of Daytona and amounted to well over seven figures.
Impressive Numbers Across Sportsbooks:
BetMGM, Station Casinos, and the Westgate SuperBook also reported record handles for an F1 race, with BetMGM seeing a threefold increase in bets compared to any previous F1 event. The intensity of betting rivaled the speed and excitement of the Formula One race itself.
Noteworthy Wager and Verstappen's Victory:
A highlight was a $200,000 wager at BetMGM on Max Verstappen at -200 odds, resulting in a $100,000 payout. Verstappen secured his 18th win in 21 F1 races this season, solidifying his dominance on the track. Despite fluctuations in odds, the race concluded with Verstappen as the victor.
Red Rock Sportsbook Praises the Impact:
Charles Leclerc finishing second didn't diminish the success for sportsbooks, especially at Red Rock Resort. Chuck Esposito, the sportsbook director, emphasized the event's impact, generating the most substantial Formula One handle they had ever witnessed. The race created a vibrant atmosphere at the Red Rock sportsbook, reminiscent of a football Sunday.
Beyond Financial Triumph:
The success at sportsbooks wasn't just a financial triumph but also a testament to the event's ability to draw crowds. Despite initial challenges, including local opinions and legal complications, the race left an undeniable mark on the sports betting scene. The Nevada Gaming Control Board is expected to release a comprehensive report on the overall impact of the race next month.
Looking Ahead to Potential Improvements:
As the city reflects on the aftermath of the Las Vegas Grand Prix, discussions about potential improvements for next year's race are underway. Calls for an earlier start time are gaining traction, sparking debates among locals and racing enthusiasts. The aim is to accommodate a broader global audience and cater to the needs of drivers and teams traveling from different time zones.
