{"id":28862,"date":"2020-12-01T09:20:58","date_gmt":"2020-12-01T17:20:58","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=28862"},"modified":"2020-12-08T07:01:26","modified_gmt":"2020-12-08T15:01:26","slug":"sports-betting-accelerates-but-nfl-oddsmakers-baffled","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/sports-betting-accelerates-but-nfl-oddsmakers-baffled\/","title":{"rendered":"Sports betting accelerates but NFL oddsmakers baffled"},"content":{"rendered":"\n
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If it weren’t for Coronavirus<\/strong>, this year’s top story in gaming would undoubtedly be the rapid spread and runaway popularity of sports betting. Case in point, Colorado<\/strong>‘s $211 million October handle. The continuing climb in wagering is notable in that it occurred post-NBA<\/strong> and with a normal (more or less) sports schedule on the books. Even the tragicomic struggles of the Denver Broncos<\/strong> (who fielded a wide receiver at QB last Sunday) haven’t dimmed bettors’ ardor. They’re taking most of their action, almost predictably, to DraftKings<\/strong> and FanDuel<\/strong>, although some new entrants hope to make up for lost time. The two leaders have 84% of market share at present, a dominance that will be difficult to dent. DraftKings has a 46% market share and $18 million revenue since May. FanDuel has 38% and $15 million. PointsBet<\/strong> is arriving this month, with Barstool Sports<\/strong> close behind.<\/p>\n\n\n\n

Since casino gambling is clustered in three small Colorado cities, action is almost exclusively online: 98%. After losing $3.5 million in September, sports books showed $9.5 million in win. As for the handle, $68 million of it was on the NFL<\/strong>, way up from September, with baseball contributing $23 million and the return of college football $16.5 million. \u201cThe jump in interest in college football shows how local interest can affect betting, and a bigger jump should be expected after the return of the Buffs,\u201d said analyst Ian St. Clair<\/strong>. As for the NFL fans, they’ll probably keep betting more and more\u2014just not on the Broncos. Meanwhile, Michigan<\/strong>‘s Lege is considering enacting a waiver that would allow mobile sports betting to go live by month’s end. Not missing a trick, DraftKings signed a partnership with the Detroit Pistons<\/strong> yesterday.<\/p>\n\n\n\n\n\n\n\n

Meanwhile, Covid-19<\/strong> havoc in the NFL is giving oddsmakers a fit. The NBA did a perfect job of Covid containment, MLB<\/strong> a pretty good one but the NFL’s has been a dumpster fire<\/a>. The constant revision of rosters and postponement of games (the much-anticipated Pittsburgh Steelers<\/strong>\/Baltimore Ravens<\/strong> tilt has been pushed back for the third time) is the sports book’s despair. Aggregation service TheLines.com<\/strong> aired some of the questions that are affecting the major books’ thinking: “What quarterbacks, and how many, will be available for the Denver Broncos? Where will the San Francisco 49ers<\/strong> play their home game against the Buffalo Bills<\/strong>? Will the rescheduled Baltimore Ravens-Pittsburgh Steelers game be played at all?” Odds couldn’t be fully posted on four Week 13 games at this time.<\/p>\n\n\n\n

\u201cOddsmakers knew before the season that playing a full schedule in a pandemic would bring unprecedented challenges,\u201d said Brett Collson<\/strong>, lead analyst for TheLines.com. \u201cDuring the last week, though, we have seen just how pronounced those questions can be. This is a week when odds could shift significantly, and that will likely be a fact of life for the rest of the season.\u201d With Lamar Jackson<\/strong> under quarantine, the odds in favor of that oft-delayed Steelers\/Ravens game have shifted to 10 points in Pittsburgh’s favor. The Broncos are lambs to the slaughter by the Kansas City Chiefs<\/strong>, 13.5-point favorites. In a must-win game over the 0-11 New York Jets<\/strong>, the Las Vegas Raiders<\/strong> are preferred by only 7.5 points, with an over\/under of 46.5. Whatever happens with Pittsburgh\/Baltimore, the Steelers are 10-point favorites over the “Washington<\/strong> football team,” while Baltimore is expected decline further, losing to the Dallas Cowboys<\/strong> by a touchdown. One thing going for the Raiders is that the Jets have nothing to play for except the No. 1 draft pick that an 0-16 record would ensure.<\/p>\n\n\n\n

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In the nine years since it opened in 2011, Resorts World New York<\/strong> has raised $3 billion in for the New York State<\/strong> education fund, says the casino. It even hinted that it would be open to paying higher<\/em> taxes, with Genting Americas East<\/strong> President Robert DeSalvio<\/strong> saying, \u201cAs New York now begins its recovery, we are proud to continue to provide critical support so that kids across the state have access to a higher-quality education, and we are ready to step up and elevate that support in both the short- and long-term for the state.\u201d What does $3 billion buy? Maybe 12 million laptops for students or school lunch for a year for 6,082,725 students or maybe 37,500 public school teacher salaries. Whichever it is, it’s a good thing that gaming is doing for the Empire State. Genting continues to invest in the money-spinner, which generated $348 million for the state last year. It’s spent $400 million to upgrade the Aqueduct<\/strong> grandstand and will put another $700 million into 400-room Hyatt Regency JFK<\/strong>, scheduled to open in a year. Just imagine how much revenue Resorts World NY will be throwing off once it qualifies for table games.<\/p>\n","protected":false},"excerpt":{"rendered":"

If it weren’t for Coronavirus, this year’s top story in gaming would undoubtedly be the rapid spread and runaway popularity of sports betting. Case in point, Colorado‘s $211 million October handle. The continuing climb in wagering is notable in that … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[291,27,277,278,120,283,255,259,101,74,243,31],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/28862"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=28862"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/28862\/revisions"}],"predecessor-version":[{"id":28863,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/28862\/revisions\/28863"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=28862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=28862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=28862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}