Sports Business and Wagering This Week

This will keep you current with the industry. These post will include trends about the sports betting market and information about what state is planning to offer it next. This will be a winning situation for a sophisticated operator and his constituents. 

The Washington Wizards and NBC Sports Washington started a gambling focused telecast that gives the viewer the ability to make a bet in real time while watching the game at home. "If this performs well, we would seriously contemplate a larger rollout of similarly programmed events and potentially tie to an actual betting experience," said  Zach Leonsis, senior vice president for the ownership group, Monumental Sports and Entertainment.

In New Jersey, approximately 75% of the sports betting wagers were made online during the month of December. That percentage has increased every month since the start of legal wagering and the introduction of  mobile apps. This trend should not be overlooked. The numbers reported by New Jersey Division of Gaming Enforcement give the first sign of  market saturation. There is a correlation between a decrease in the amount wagered in New Jersey in December and the opening of sportsbooks in Pennsylvania.

In Pennsylvania, Harrah's Philadelphia and Valley Forge Resort will enter the sports betting retail market in 2019. The date has not been determined for either at the time of this post.

All of the home teams won during the Divisional round of the NFL Playoffs. Three of the 4 covered the point spread. While the Eagles were eliminated they went down fighting and covered as a 7 point underdog.

Each of the increasing popular Sports Betting 101 Series will be part of this so you can have each post together. Since we add a new post to that series every week you will always see the previous 3 with this feature. We encourage you to follow and stay relevant.  

The Las Vegas Experience

Straight Bets and Parlays

Point Spread and the Money Line

                                                      

                                                             Enjoy the NFL games!

If any organization wants to innovate your Sports Betting operation from your competitors then watch what we post in 2019.

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