Barstool Sports founder Dave Portnoy is cashing in $2.76 million on UConn’s huge earn around Purdue on Monday night time in the NCAA men’s championship recreation.
Portnoy tweeted the huge rating off a March 20 $600,000 wager on the Huskies winning the national championship. DraftKings confirmed the wager to CNBC.
“The best guess of my life,” Portnoy said in the put up on social media web page X. “The greatest get of my life by a mile.”
Barstool signed a multiyear deal with DraftKings in February. The athletics media enterprise was earlier owned by Penn Entertainment.
DraftKings reported a record NCAA tournament, with athletics betting now lawful in 38 states additionally Washington, D.C. — 5 supplemental states considering the fact that this time past 12 months.
The American Gaming Affiliation estimated Americans would legally wager $2.72 billion on the March Madness tournaments this yr. That’s equal to 2.2% of the full cope with wagered on any sporting situations previous calendar year.
Geolocation monitoring corporation GeoComply, which operators use to law enforcement bettors’ places, informed CNBC it noticed a 42% raise in checks around the 2023 tournament.
DraftKings mentioned Monday’s recreation was the most wager-on university basketball activity of all time for the sportsbook.
FanDuel said the men’s championship video game observed a 52% year-above-year increase in guess rely and a 42% 12 months-around-year maximize in manage.
At Caesars Sportsbook, Monday’s championship match accounted for the most similar-video game parlays ever placed on a college basketball sport.
“It was a match for the consumers as favorites coated the spread 61% of the time,” Craig Mucklow, Caesars Sportsbook’s vice president of investing, claimed in an electronic mail.
Betting on the women’s match was specially worthwhile for the sportsbooks.
South Carolina’s undefeated season and the heroics of superstar Caitlin Clark fueled a enormous influx of bets. FanDuel, BetMGM and Fanatics say the championship game was their solitary most significant betting party on women’s sports activities. Caesars stated the women’s championship observed double the preceding take care of history for a women’s higher education basketball recreation.
“We could only think about the take care of if the activity was supplied a suitable primetime slot,” Mucklow mentioned of the women’s ultimate.
