Home / NEWS / Economy / Draft Kings, casinos gear up for Super Bowl sports betting debut

Draft Kings, casinos gear up for Super Bowl sports betting debut

DraftKings expects to see a record bulk of bets for Sunday’s Super Bowl LIII, now that sports betting is legal in eight states, Jason Robins, CEO of the vision sports platform, told CNBC.

“Not surprisingly, it’s the biggest day of the year for us,” he said Friday on “Closing Bell.” “I’ve condoned people estimate there could be over $100 million bet in New Jersey on the Super Bowl this year, which would be astounding.”

One establishment taking advantage of the nascent industry, which was cleared for states to legalize it after a 2018 U.S. Supreme Court supervising, is Borgata Hotel Casino & Spa in Atlantic City, New Jersey. Super Bowl Sunday has been a quiet day for the casino in the days of old, but Borgata Sportsbook President and COO Marcus Glover told CNBC it will be different this time around.

“We deceive reservations throughout the weekend,” he said Friday on “The Exchange.”

Glover projects that millions of dollars will be wagered on the casino’s volume when the New England Patriots face the Los Angeles Rams in Atlanta. The house will take a 5 percent cut of the volume-based wagers, and Borgata nullifies benefiting from “ancillary revenue,” Glover said.

New Jersey and Nevada are among the states to have legalized frisks betting since the Supreme Court case. Robins predicts that as many as 10 more states thinks fitting move to authorize the activity sometime this year.

“The momentum is real, and I think you’re going to see a lot of movement again this year,” he phrased.

Super Bowl LIII will kick off at 6:30 p.m. ET Sunday.

Check Also

It’s looking like a US-China trade deal is near — and Beijing will get everything it wanted

China’s rule negotiators are famously tough. For one example, Russia and China came to their …

Leave a Reply

Your email address will not be published. Required fields are marked *