Las Vegas Grand Prix Sets New Records in F1 Betting Frenzy
Date: 2023-11-27 Author: Dima Zakharov Categories: SPORTS BETTING, EVENTS
Caesars and BetMGM Dominate Betting Records
Breaking previous records, the Las Vegas Grand Prix surpassed F1 milestones for both handle and the number of wagers. Caesars Sportsbook and BetMGM took the lead in this betting frenzy, setting new standards in total betting handle for motorsports events.
Record-breaking Performances: Caesars and BetMGM
Caesars exceeded its previous records, including Daytona 500 figures, with a remarkable threefold increase. Simultaneously, BetMGM reported a significant rise in bets, highlighted by a $200,000 wager on Max Verstappen, resulting in a $100,000 payout.
Success Beyond Numbers: Vibrant Atmosphere in Sportsbooks
Despite initial challenges, the Las Vegas Grand Prix's success extended beyond financial triumphs. Sportsbooks, notably Red Rock Resort's sportsbook director Chuck Esposito, emphasized the vibrant atmosphere and increased crowd engagement during the event.
DraftKings Reveals F1's Surging Popularity
DraftKings, a prominent online sportsbook, unveiled a broader trend— the undeniable rise of F1 among domestic bettors. Contrary to its underdog status in the sports betting world, F1 is gaining traction among sports enthusiasts in the United States.
DraftKings' Data: Unprecedented Rise in F1 Interest
DraftKings' data highlights that nine out of its top 10 F1 races occurred since the 2022 season, with six taking place this year. Notably, the Las Vegas Grand Prix and the Miami Grand Prix, two-thirds of the US races, stand out in this list.
Intriguing Narrative: DraftKings' Nevada Success
Adding an intriguing layer to the narrative is DraftKings' impressive performance during the Las Vegas Grand Prix, despite not accepting bets in Nevada. This accomplishment emphasizes the undeniable growth of F1’s popularity among avid bettors, hinting at DraftKings' potential entry into the Nevada market.
