• About Us / Contact
  • Responsible Gambling
This site contains commercial content
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
No Result
View All Result

Get A Grip: The Week In Sports Betting: NFL Draft Betting, Fluttering Fox, Maryland, Missouri And More

A lot of the sports betting industry news fit to link

Brett Smiley by Brett Smiley
April 30, 2021
in Industry
mac jones nfl draft goodell

(Kirby Lee-USA TODAY Sports)

Share on FacebookShare on Twitter

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad). Here’s the weekend (or fashionably late) Sports Handle item, β€œGet a Grip,” recapping the week’s topΒ US sports bettingΒ stories, highlighting some fresh news, and rounding up key stories. Also check outΒ this week’sΒ Wild World of Gambling at US Bets.

NFL Draft betting, surprises

No U.S. sports betting story stood out this week as the most unexpected, impressive, momentous, mind-boggling, or otherwise superlative. (Braces for Friday evening news dump.) So let’s talk a little NFL Draft wagering!

After the first not-a-near-certainty chip fell with the San Francisco 49ers selecting North Dakota State quarterback Trey Lance at third overall (+340 leading up to draft, the favorite before the draft began), the most excitement surrounded the tango between quarterback-desperate Chicago Bears and a majority of the NFC East.

The Dallas Cowboys swapped the No. 12 pick to the Philadelphia Eagles for the No. 10 pick (in exchange for the 84th pick overall), leapfrogging the New York Giants at No. 11. The Eagles’ prize? Alabama wide receiver and reigning Heisman Trophy winner DeVonta Smith, who saw another member of his collegiate wideout corps Jaylen Waddle land with the Miami Dolphins at No. 7 overall.

Chicago Bears brass determined at that point they couldn’t wait any longer to move into position to get their guy, Ohio State QB Justin Fields, paying the Giants handsomely to jump up from No. 20 to No. 11 for their quarterback of the future. (In addition to the 20th pick, Giants got the Bears’ first overall pick in ’22, plus a fifth rounder in ’21 and a fourth in ’22)Β Β  Here’s how that played behind the counter, with our man Dan Back taking a deserved victory lap:

Justin Fields had 10-1 odds to be drafted by Chicago Bears at @DKSportsbook.

Seven teams had better odds, with Patriots as +250 favorites.

Bears had MOST bets (17%), but only 10% of handle.

— Ben Fawkes (@BFawkes22) April 30, 2021

Bang. πŸ’°πŸ’°πŸ’° pic.twitter.com/mKui5atmH5

— Dan Back (@dan_back) April 30, 2021

Now, the young man supplying the football to the pair of top-10 picks was Crimson Tide QB Mac Jones, at one time expected to go to the 49ers at No. 3. But he’s headed to the other coast in New England, which did not need to trade out of its position at No. 15 to get its presumptive quarterback of the future.Β  I didn’t catch any pre-event or in-game odds on Jones to the Patriots, but whatever they were had to be middle-to-long. The Pats haven’t had occasion to draft a quarterback in the first round since nabbing Drew Bledsoe at No. 1 overall in the 1993 draft. If Jones lasts as long as Tom Brady did in New England (approximately 7 million to one), he’ll ride off in roughly 2041, when Bill Belichick will be 90 years old.

Jones was also the fifth and final QB taken in the first round. DraftKings had β€œExactly 5” QBs priced at -275 (73% implied probability) pre-draft, and plus money at four or fewer, and six or more. Order of selection didn’t matter so the chalk wins.

Like father, like son. pic.twitter.com/kPkC6hYo27

— Bobby Belt (@BobbyBeltTX) April 30, 2021

Top stories this week around our network

Calls To Michigan’s Gambling Hotline Spiked After Online Betting Came Online

One Arizona Tribe Has Big Plans For Sports Betting, Other Gaming Expansion

Remote Registration, Wagering On Colleges Key To Illinois Sports Betting Talks

Colorado Appears To Be β€˜Punching Above Its Weight’ On Betting Anniversary

Can Hollywood Casino In Aurora Get A Barstool Bounce?

Connecticut Lottery Gets 15 Bids For Sports Betting

NYGC Clears Up Some Complexities In Mobile Sports Wagering Process

Spotlight on Churchill Downs, horse racing industry

Is Horse Racing’s Biggest Brand Trampling The Sport?

Horse Racing Paying Price For The Way Churchill Downs Inc. Does Business

Maryland Live! opens sportsbook

Sports betting isn’t yet live in Maryland, but one casino opened the space that will become its sportsbook this week, according to WTOP. Maryland Live! opened the Sports and Social in Arundel Mills, featuring at 100 x 47-foot video wall, odds boards, bar seating, recliners for high rollers, and a dining area.

Legal wagering isn’t expected to go live until the fall at retail venues after Maryland voters legalized sports betting via referendum last November and the General Assembly passed a bill with framework April 12.Β  The new law allows for up to 60 digital platforms and retail wagering at professional sports venues, horse racetracks, existing casinos, and many small businesses. The Maryland Gaming Commission is currently working on regulations.

— Jill R. Dorson

Nasty battle looms between Flutter and FOX Bet

If Flutter Entertainment spins off its U.S. assets in an initial public offer, the multinational conglomerate announced Thursday that it will not include FOX Bet in the potential listing.

The two sides are embroiled in a legal battle over the price of Fox’s option to purchase a stake in FanDuel. As part of a 2019 deal with The Stars Group (TSG), Fox received an option to purchase 50% of TSG’s U.S. assets, which later became the option to buy an 18.5% stake in FanDuel Group under Flutter’s acquisition of The Stars Group.

Fox, which filed a lawsuit earlier this month before New York’s Judicial Arbitration and Mediation Services, can exercise the option in July. Under the suit, Fox asserts that it can acquire the stake at the same price Flutter paid for that ownership interest in December 2020, a company spokesperson told CNBC. Flutter, however, has argued that Fox must pay β€œfair market value,” to acquire the stake upon expiration later this year. The valuation is largely expected to be above DraftKings’ market capitalization on Friday around $22.5 billion.

During the first quarter of 2021, Flutter had revenue from its U.S. businesses of about $396 million, an increase of 135%. Of that amount, FanDuel generated about 91.6% of the division’s quarterly revenue with FOX Bet accounting for the remaining 8.4%.

In other business news Super Group, the parent company of European-based online sports betting brand Betway, is going public through special purpose acquisition company Sports Entertainment Acquisition Corp. in a deal that values the company at $5.1 billion. Under the deal, Super Group has agreed to the proposed acquisition of Digital Gaming Corp. The deal provides the combined company with sports betting and online gaming market access in 10 states.

Sports Entertainment Acquisition Chairman Eric Grubman formerly served as executive vice president of Business Operations at the NFL. The new company will be listed on the New York Stock Exchange, under the new ticker “SGHC.”

On Thursday, MGM Resorts reported 2021 first-quarter Consolidated Adjusted EBITDAR (earnings before interest, taxes, depreciation, amortization and restructuring or rent costs)Β of $218 million amid stronger than expected margin expansion, Macquarie said in a research note. In February, BetMGM said its U.S. market share for online sports betting and iGaming reached 22% in the states it operates in. Macquarie reiterated its outperform rating on MGM, while raising its price target to $54 a share.

— Matt Rybaltowski

Missouri sports betting looks dead … again

Missouri’s SB 98, which would have legalized sports betting, failed to get voted off the Senate floor on April 27, killing its chances for approval. The bill would have allowed for statewide retail and mobile wagering via digital platforms tethered to existing casinos, but it also approving 10,000 video gaming terminals at truck stops, bars, and fraternal organizations.

According to the Missouri Independent, the bill would also have β€œrevised laws on illegal gambling to remove any uncertainty about the legality of what are called β€˜gray market’ machines.”

Bill sponsor Denny Hoskins said he was β€œdisappointed” by the impasse, which leaves open the door for the bill to be revisited before the May 14 adjournment date. The bill was not voted on. Missouri lawmakers have been trying to legalize sports betting for several years, but have been unable to come to a consensus.

— Jill R. Dorson

More of the most important, interesting stories

Bill #C218 has been introduced at first reading in the Senate: https://t.co/G5goym5sXI#SenCA #cdnpoli pic.twitter.com/ENBiCS30Qr

— Senate of Canada (@SenateCA) April 30, 2021

$50M MARRIAGE: Are Dan Le Batard and DraftKings a good fit? [BSM]

ALABAMA: Gambling, betting legalization vote could come pretty soon [WTVY]

NETWORK: Sinclair on hook for $1.82 billion in Bally’s regional sports net deals [Awful Ann.]

RISING TIDE: Rhode Island sports betting revenue way up in March [IGB]

BRAIN POWER: Genius Sports revenue jumps 31% in ’20 on ad sales [Sportico]

OH, OSCAR: Why is there no wagering on the Academy Awards in Nevada? [CDC Gaming]

SHARP MONEY: Inside NFL draft betting: Why bookmakers hate the props [Chalk]

EXPECTED VALUE: ‘Gamblr’ touted by USAT gets two years in slammer for $10m fraud [Sun-Times]

HIGH FIVE: It took too long, but columnist thrilled for possible legal FL betting. [Sentinel]

.@ParksideGroup wins a Gold National Pollie for Best TV Ad in the "Public Affairs/Issue Advocacy Division." Our spot "Game Time" was a critical part of the campaign to pass mobile sports betting in New York! @FanDuel @DraftKings Watch the winning ad here: https://t.co/4J8GQUuQBG

— The Parkside Group (@ParksideGroup) April 30, 2021

More @TheNVIndy news! We are thrilled to announce the hiring of @howardstutz to cover gaming. Howard is the most experienced and most respected gaming reporter in the country, and we can't wait for him to write deeply reported, contextual pieces about NV's No. 1 industry.
1/2 pic.twitter.com/BlB5jNhqLJ

— Jon Ralston (@RalstonReports) April 29, 2021

Listen to “3. ‘Get a Grip’: Florida sports betting? Not so fast; NFL Draft & Lightning(ish) Round” on Spreaker.

Have a good weekend, everyone.

ShareTweetShare
Brett Smiley

Brett Smiley

Brett Smiley is editor-in-chief and co-founder of Sports Handle, which joined forces with the US Bets team in November 2018. He focuses on the sports betting industry and legislation. He's a recreational sports bettor and DFS player himself, focusing on the NFL. In a past life, Smiley practiced commercial litigation in New York City and previously wrote for FOX Sports and SI.com. He lives in New Jersey with his family.

Related Posts

Arizona January 2023 revenue report
Analysis

Arizona Puts Bow On Record-Setting January For U.S. Sports Wagering

March 27, 2023
get a grip graphic
Industry

Get A Grip — The Week In Sports Betting: Talking Brackets In School

March 24, 2023
Load More

Top Stories

taylor mathis

Taylor Mathis Got Sacrificed At The Altar Of Responsible Gambling

March 20, 2023
fanduel baseball wall

Premade Same Game Parlays Are Sucker Bets

March 13, 2023
maginfier-over-small-print

Read The Fine Print: A Proposed Federal Rule Could Change Everything For Indian Gaming

March 6, 2023
roman reigns wwe

Colorado Denies Report Stating That It’s Considering WWE Wagering

March 8, 2023

State Sports Betting Guides

Ohio (U.S. state) flag waving against clear blue sky, close up, isolated with clipping path mask alpha channel transparency, perfect for film, news, composition

Ohio Sports Betting – Where To Play, Bonus Offers And Promo Codes

by Brian Pempus
March 31, 2023

Downtown Detroit at twilight (Shutterstock)

Michigan Sports Betting – Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
March 27, 2023

VA captial

Virginia Sports Betting – Where To Play, Online Sportsbooks And Bonus Offers

by Brett Smiley
January 17, 2023

nj flag

New Jersey Sports Betting — Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
March 22, 2023

pa online sportsbooks

Pennsylvania Sports Betting – Where To Play, Online Sportsbooks And Bonuses

by Brett Smiley
October 6, 2022

Canada Sports Betting Guides

Canada Sports Betting – Best Sportsbook Apps & Bonus Offers

British Columbia Sports Betting – Legal Update, Available Sportsbooks, and FAQ

Ontario Sports Betting – Legal Status And Where To Play

SportsHandle

  • Analysis
  • Casino
  • Features
  • Horse Racing
  • Industry
  • Legal
  • Legislation
  • Opinion
  • Podcasts
  • Poker
  • Politics
  • Promotions
  • Regulation
  • Sports
  • Uncategorized

Better Collective

This website is owned and operated by Better Collective USA. Trademarks and copyrights referenced on this website are and shall remain the exclusive property of their respective owners and/or licensors. Please be sure to visit the operator’s website(s) to review their terms & conditions. We advise you to read these carefully as they contain important information. Copyright Β© 2023 USBets.com | Better Collective USA
21 Play Responsibly
Gamble Aware West Virginia
Gambling Problem? Call 1-800-Gambler.
GameSense

Search Sports Handle

No Result
View All Result
  • About Us / Contact
  • Responsible Gambling

No Result
View All Result
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News