Falling without football would enable the industry of sports betting to get imaginative
The probability of dropping without football will be discussed by USA TODAY Sports during the week, and what that will mean in a nation where sport is king.All types of fans have been impacted by the disruption of the sports calendar, particularly those who like to take some action on the games.When the coronavirus spread and sports shut down in March, bettors and the gaming industry looked forward to the football season ‘s pledge as a reprieve. But now a fall without football, or with seasons being postponed or interrupted, is a possibility, and in an effort to keep bettors involved and the money going, sports books and states that benefit from tax revenue are getting imaginative.Sports books earned $329 million last year from $5.3 billion in wagers in Nevada, the birthplace of regulated sports betting in the U.S., both records, according to the state gaming control board. Football generated $122 million in sports book revenue between college and the NFL and accounted for $1.8 billion in wagers, both records, as well.
In this week’s Fall Without Football collection, USA TODAY Sports discusses the effects of our largest sport being sidelined because of the coronavirus.
There was no other sport that accounted for a greater share of winning and wagering than football. 31 percent of wagers and 28 percent of sports book winnings accounted for football, college and pro basketball. Gambling, plus football, fuels tourism.”While it can not be reliably quantified, clients who wager on sports such as football would also produce increased spending on gaming in slots and tables,” senior research analyst Michael Lawton of the Nevada gaming control board wrote in a statement to USA TODAY Sports. “Sports betting also benefits Nevada ‘s entire hospitality industry due to induced consumer spending on hotel rooms, restaurants , bars, UFABET night clubs, entertainment and shopping, to name a few.”The sports book for social distancing was developed at the Bellagio Resort and Casino in Las Vegas.Jay Kornegay, SuperbookUSA ‘s executive vice president of operations serving sports books such as the Westgate in Las Vegas casinos, said losing football could have an impact on gambling habits across the board, even if other major pro-sports save their seasons in 2020.Because of COVID-19, a dropping without football is a real possibility.Opinion: Europe tells us what may have been because football seems more and more unlikely.’There is no way’ to play without ‘high risk’ in the middle of the coronavirus pandemicColleges, NFL, TV networks, local economies, would cost billions to fall without footballFalling without football would enable the industry of sports betting to get imaginativeI don’t care what business you’re in, it’s a crushing blow to take away 38 percent of it, “he said.” “And it may have a rippling impact on other sports in this situation, as people might have become disinterested in other sports.”
The major sports books, however, should be able to survive the storm, said Dustin Gouker, PlayUSA.com’s sports betting analyst. In states with good access to mobile betting, including New Jersey, Pennsylvania, West Virginia, Rhode Island, Indiana and Nevada, the same applies to operations.New Jersey, for instance, had a $165 million contract with $1.6 million going to the state in June, all growing in June 2019. Part of it may be attributed to sports books being innovative in attracting bettors, such as FanDuel.”Mike Raffensperger, chief marketing officer of FanDuel, said,” Even if there’s no football, there’s a lot of fun things we can do and entertain people and help them give them diversion, particularly in a, frankly, challenging time. “Obviously, without major American sports on television, our revenue is not where we expected it to be, our active player base is not that far away, just because we’ve been offering these alternative game formats.”For politics, reality television shows and for esports, FanDuel rolled out betting lines. Over a 24-hour cycle, players can guess the over / under of the high temperature in Phoenix or the amount of times Kanye West tweets.In the sports book, as Raffensperger put it, “secondary and tertiary sports” have “really flourished in this era.” International table tennis is the most common sport to bet on the sports book since the pandemic started.
Other international sporting events have also proven popular, as has golf, such as European soccer and Korean baseball. For the 2019 U.S., both of the previous two PGA Tour stops doubled the amount of bets made on FanDuel ‘s online sportsbook. Available, said the company.On May 1, six weeks after the pandemic halted sports, Colorado introduced legal sports betting. Four operators were involved, and since then, five others have begun operations. Dan Hartman, director of the Colorado Gaming Division, said there were 26 operators lined up to go live in the state. Because of the lack of volume and sales, some businesses on the wait list have put back their launch efforts, Hartman said.”Our numbers are OK. I think they far-exceeded what we thought they would be without the big sports,’ he said. “Obviously, it’s definitely going to take its toll as time goes by without big sports.”In Colorado, lawmakers allowed sports gambling not long after it was approved by voters in November. The revenue generated by the 10 percent tax rate of the state on net sports betting revenues is expected to help finance the $40 billion Colorado Water Plan, a project to provide essential water needs throughout the state. The bill ‘s fiscal note projected revenue of $8.9-$10.4 million for fiscal year 2020-21, based on a predicted total amount wagered of $1.3-$1.5 billion.In December, the sales forecast was lowered to $1.5 million to $1.7 million, and with no football, the amount will likely have to be changed again, Hartman said.