Please ensure Javascript is enabled for purposes of website accessibility
Virus Shutdowns Will Likely Make NFL Draft Most Bet on Ever
gvw_ap_news
By Associated Press
Published 5 years ago on
April 22, 2020

Share

ATLANTIC CITY, N.J. — For those who haven’t mastered the odds of Belarussian soccer or Russian table tennis, this week’s NFL draft gives U.S. gamblers their first opportunity in weeks to bet on an event about which they actually know something.

With major sports shut down for more than a month because of the coronavirus outbreak, American sportsbooks say they expect football’s annual draft to be the most bet on ever.

With major sports shut down for more than a month because of the coronavirus outbreak, American sportsbooks say they expect football’s annual draft to be the most bet on ever.

Desperate to offer a familiar event, online sportsbooks say they are seeing a much greater volume of bets on the draft this year.

Several sportsbooks estimated the gambling industry as a whole could see $5 million wagered on the draft in the U.S. this year; FOX Bet estimated the market at $20 million, up from a typical draft of about $1 million.

“There’s no doubt this will be the biggest-bet draft ever,” said Joe Asher, CEO of William Hill U.S. “The draft is a time of renewal, and I think people are looking forward to a bit of fun after all of the tough news we’ve had recently. Betting on the draft is small in context, so this is no silver bullet, but it’s something positive for sure.”

He said he expected his company to see twice the amount of bets it usually does on the draft.

The draft beginning Thursday will not be a financial windfall for sportsbooks, though. The amount bet is small compared with other well-known events.

And the level of action would be even greater if in-person sportsbooks were open (they’re not). About 80% of sports betting is done online in New Jersey, with similarly high rates in other states.

But for gamblers who have no idea whether Aleksandr Kolbasenko or Egor Kovpak is more likely to prevail in a game of table tennis, the draft is something familiar to bet on.

Taking in Three Times the Amount of Bets and Total Money

Will Karins, a college student in Syracuse, New York, bet $15 that the Kansas City Chiefs will select Alabama wide receiver Henry Ruggs III. If Karins is right, he’ll win $525.

“We’re seeing a hell of a lot of interest, but at a lower average bet amount than we would see for a Super Bowl.” — Jason Scott, Roar Digital’s head of trading

“I’m not an expert on pingpong,” he said. “As soon as I saw this, I jumped on it.”

In New Jersey, FanDuel says it is taking in three times the amount of bets and total money on this year’s draft compared with a year ago.

Roar Digital, a partnership between MGM Resorts and GVC Holdings, predicts $5 million will be wagered nationwide.

“We’re seeing a hell of a lot of interest, but at a lower average bet amount than we would see for a Super Bowl,” said Jason Scott, the company’s head of trading. Its biggest markets surround Alabama quarterback Tua Tagovailoa and whether he will be taken before or after the fifth overall pick, and which team will draft him.

Rush Street Interactive, which operates the PlaySugarHouse site, had already taken in more bets on this year’s draft as of Monday than it did on last year’s draft — and most of the site’s draft bets are made on the day of the event, chief operating officer Mattias Stetz said. Last year’s NFL draft drew about the same level of bets as a typical NFL regular-season game, he added.

Customers of numerous online sportsbooks are predicting the following draft order for the first three picks, based on their bets: LSU quarterback Joe Burrow, Ohio State defensive end Chase Young and his Buckeyes teammate cornerback Jeffrey Okudah.

“A few weeks ago you could have had a massive payout on (Oregon quarterback) Justin Hebert being the second quarterback taken in the draft after Burrow,” said Todd Fuhrman, an anchor and analyst for FOX Bet. “Now it’s virtually a coin flip.”

RELATED TOPICS:

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

Israel Releases 10 Palestinians Detained From Gaza. They Say They Suffered Abuse

DON'T MISS

Merced Revises Flag Policy After Debate. ‘I Just Don’t See That as the Role of Government’

DON'T MISS

International Students at UC Merced, CSU Among Those Seeing Visas Revoked

DON'T MISS

Fresno Two-Vehicle Crash Causes Power Outage, Traffic Backup Near Fruit and Herndon

DON'T MISS

House Narrowly Passes GOP Budget Plan With Trump Tax Cuts

DON'T MISS

Valley Crime Stoppers’ Most Wanted Person of the Day: Leal Ray Simmons

DON'T MISS

Fresno Police Will Conduct DUI Patrols on Saturday

DON'T MISS

Visalia Motorcyclist Ejected in Early Morning Crash

DON'T MISS

Luka Doncic Scores 45 Points in Dallas Return as Lakers Clinch Playoff Spot

DON'T MISS

Teoscar Hernández Homers and Drives in 3 as Dodgers Defeat Nationals to Avoid Sweep

UP NEXT

Teoscar Hernández Homers and Drives in 3 as Dodgers Defeat Nationals to Avoid Sweep

UP NEXT

Yastrzemski Hits a 2-Run Homer in the 10th Inning and Giants Top Reds

UP NEXT

Warriors Stunned by Spurs on Harrison Barnes’ Late 3-Pointer

UP NEXT

This Flour Makes Gluten-Free Baking So Good

UP NEXT

Nuggets Fire Coach Malone and Won’t Extend GM Booth in Stunning Move

UP NEXT

Former MLB Pitcher Octavio Dotel Dies in Dominican Republic Nightclub Collapse

UP NEXT

Luka Doncic Gets Ejected the Night Before His Return to Dallas

UP NEXT

Wood Has 2 Homers as Nats Win For First Home Series Victory Over Dodgers Since 2014

UP NEXT

Giants Suffer Second Straight Shutout Loss to Reds

UP NEXT

Curry Scores 25 as the Warriors Cruise Past the Suns in West Playoff Race

Fresno Two-Vehicle Crash Causes Power Outage, Traffic Backup Near Fruit and Herndon

1 hour ago

House Narrowly Passes GOP Budget Plan With Trump Tax Cuts

1 hour ago

Valley Crime Stoppers’ Most Wanted Person of the Day: Leal Ray Simmons

1 hour ago

Fresno Police Will Conduct DUI Patrols on Saturday

1 hour ago

Visalia Motorcyclist Ejected in Early Morning Crash

2 hours ago

Luka Doncic Scores 45 Points in Dallas Return as Lakers Clinch Playoff Spot

2 hours ago

Teoscar Hernández Homers and Drives in 3 as Dodgers Defeat Nationals to Avoid Sweep

2 hours ago

Yastrzemski Hits a 2-Run Homer in the 10th Inning and Giants Top Reds

2 hours ago

Trump Administration Appeals Court Ruling on AP Journalists’ Re-Admission

2 hours ago

Warriors Stunned by Spurs on Harrison Barnes’ Late 3-Pointer

2 hours ago

Israel Releases 10 Palestinians Detained From Gaza. They Say They Suffered Abuse

DEIR AL-BALAH, Gaza Strip — Ten Palestinians detained from Gaza by Israeli troops were freed and returned to the territory on Thursday, sayi...

15 minutes ago

Palestinians receive humanitarian aid distributed by UNRWA, the U.N. agency helping Palestinian refugees in Jabaliya, Gaza Strip on Wednesday, April 9, 2025. (AP/Jehad Alshrafi)
15 minutes ago

Israel Releases 10 Palestinians Detained From Gaza. They Say They Suffered Abuse

Merced's Bob Hart Square in the city's downtown is shown on April 9, 2025 (The Merced FOCUS)
32 minutes ago

Merced Revises Flag Policy After Debate. ‘I Just Don’t See That as the Role of Government’

UC Merced, CSU confirm student visa revocations amid national crackdown tied to pro-Palestinian protests. (The Merced Focus/UC Merced)
57 minutes ago

International Students at UC Merced, CSU Among Those Seeing Visas Revoked

Fresno police are seeking two suspects who stole several boxes of shoes from the WSS store on East Cesar Chavez Boulevard on February 20, 2025.
1 hour ago

Fresno Two-Vehicle Crash Causes Power Outage, Traffic Backup Near Fruit and Herndon

Speaker of the House Mike Johnson, R-La., takes questions on tariffs while meeting with reporters at a news conference, at the Capitol, in Washington, Tuesday, April 1, 2025. (AP/J. Scott Applewhite)
1 hour ago

House Narrowly Passes GOP Budget Plan With Trump Tax Cuts

Leal Ray Simmons is Valley Crime Stoppers' Most Wanted Person of the Day for April 10, 2025. (Valley Crimes Stoppers)
1 hour ago

Valley Crime Stoppers’ Most Wanted Person of the Day: Leal Ray Simmons

1 hour ago

Fresno Police Will Conduct DUI Patrols on Saturday

A motorcyclist was in a solo vehicle crash on Thursday, April 10, 2025, that sent him to the hospital with serious injuries. (Visalia PD)
2 hours ago

Visalia Motorcyclist Ejected in Early Morning Crash

Help continue the work that gets you the news that matters most.

Search

Send this to a friend