Caesars Sportsbook reported a strong handle for the weekend as it capitalized on a niche sports betting market. Other operators also reaped the benefits of F1’s ascendance in Las Vegas.
The most bet prop at BetMGM was on any other driver to win the race at +160 odds. And while Verstappen opened as a heavy -350 favorite, BetMGM took a $200,000 bet on Verstappen to win the race at -200, netting the bettor a $100,000 payout. The race, which was won by Red Bull driver Max Verstappen, caught the attention of sports fans as the popularity of motorsports grows. 'The sportsbook took three times the number of bets on the race than any previous contest.' 'The Las Vegas Grand Prix was the most bet F1 event in BetMGM's history,' Seamus Magee, BetMGM's trading manager, told Covers. The Las Vegas Grand Prix marked an historic moment for some of America’s largest sportsbooks.
