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Will NFL Betting Save Sportsbooks In 2020? We ask DraftKings

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With Week 1 of NFL betting on the books, we spoke with Johnny Avello, Head of Sportsbook at DraftKings, about the impact NFL betting will have on the industry.

  • Despite the NBA and NHL playoffs taking place, NFL betting made up the bulk of the betting over the weekend.
  • The American Gaming Association estimates that the number of NFL bets will increase by 29% this year.
  • The Sunday list of NFL games alone was able to generate a bet on DraftKings that matched that of the Super Bowl.

NEW YORK With Week 1 of the NFL in the books, bettors and sportsbooks can now look at the weekend before NFL betting bonanza that it was.

On Saturday, college football teams across the country kicked off their 2020 season Final US Open men’s singles took place. And on both days the NBA and NHL play-offs took place. But these sporting events, along with UFC, NASCAR, and other sports, couldn’t take the spotlight away from the NFL.

To get a better grip on the NFL betting grab, LegalSportsBetting got the chance to talk DraftKings Head Sportsbook, Johnny Avello.

Betting handle for NFL Week 1

It was no secret that sports fans across the country were anticipating the return of football. But other sports were going on before it started.

When the MLB back it was the first of the four major American sports to do this. But how did it Opening day for baseball compared to week 1 for soccer?

MLB start was really good. I believe those two games broke all records for every baseball game we’ve ever played, including World Series. But they cannot be compared to NFL. Our NFL opening day on Thursday was excellent, and on Sunday all those games combined were on par with Super Bowl handles. In fact, it exceeded my expectations, Avello said.

But Avello was quick to point out that there are certain factors that could bias the data as we look from year to year. The most striking of those differences is that DraftKings Sportsbook currently operates in more states than ever before.

Insights into NFL Betting After Week 1

As should have been expected by fans and gamblers across the country, Week 1 brought many surprises and disruptions across the board.

Betting on the NFL this year brought an extra challenge because of the preseason COVID-19 concerns. Week 1 was the first look at these teams for sportsbooks and sports bettors and the results showed.

Tampa Bay took a lot of money. They were played heavily, as were the Colts. I think what happened in week 1 is that the Jaguars and the Washington Redskins were viewed as the worst teams in the NFL. Now, with that being said, what I’m aware now for the start of the season is that the home edge might be a little bit stronger than I think even without fans in the stands. I also noticed that there are teams that don’t skip a beat. They didn’t have to play pre-season as they are already in mid-season form as usual. The Packers and the Vikings scored a lot of points. The Saints and the Raven Also the teams with skillful fouls didn’t need practice, but there are many teams that do, Avello said.

Tampa Bay Buccaneers especially acquired quarterback Tom Brady out of season and the Indianapolis Colts picked up quarterback Philip Rivers. Both NFL veterans had less than stellar performances on their debut, which seemed to work in favor of sportsbooks.

NFL and Its Effect on NHL, NBA Betting, etc.

With so much emphasis on NFL betting from the perspective of sportsbooks and the perspective of bettors, this begs the question. Will the NFL bet it on other events such as the NBA Finals or the Stanley Cup Final?

I don’t think so, I don’t think college or pro want to because college is played on Saturday and NFL is played on Sunday for the most part. Yes, there is a game on Thursday night and yes, there is a game on Monday night, but professional basketball and hockey will be played on non-NFL days. And the NBA and the NHL have a way of moving those games to a primetime venue where they don’t compete, Avello said.

It sounds like the other sports get their share of the bet, as long as they don’t try to air their games against the NFL.

NFL Betting Vs. Fantasy football

Fantasy football is the only form of legal sports betting for many states across the country. But, as noted by Avello, DraftKings Sportsbook is now live in more states than ever before.

In particular, DraftKings’ online sportsbook works in New Jersey, Indiana, Iowa, Pennsylvania, New Hampshire, Illinois, West Virginia, and Colorado.

But with the option of single bets available, the involvement would be Fantasy football and daily fantasy sports go down as a whole?

Absolutely not, it hasn’t gone down. Daily fantasy is doing it as well as ever. Daily fantasy and sports are two different types of gambling entities and they have viewed it that way by the gamblers. So since the sport came on board, the everyday fantasy has just gone north. I am very happy to report that both are going well.

Will Betting on the NFL Save Sports Books in 2020?

During the first wave of the COVID-19 pandemic across the country, nearly all sporting events were postponed or outright canceled.

The most notable of these events was March Madness. In 2019 it has American Gaming Association (AGA) An estimated $ 8.5 billion would be deployed on the event. The numbers were expected to be even higher in 2020, but the event never got the chance.

But the AGA estimates an increase of 29% in the number of NFL bets placed last year this year. But is it enough to cover the losses from earlier in 2020? That never seemed to be a problem for DraftKings.

First of all, we didn’t get a hit at Draftkings, Avello said. We hit the content, but we were able to turn and do other things. You know table tennis and epsorts and simulated NASCAR and we did a very good job of that. So if you look at the numbers in general, it was not as big a loss for us as there was already. So we felt very well positioned when we came to the NFL. We learned a lot from that. That there are some sports our customers want to continue to bet on. We’ve added those sports to our menu and everything else is back to full throttle. So it’s not the NFL that’s going to carry us; it’s just all we’ve done for that.

News Tags: American Gaming Association | DFS | DraftKings | Fantasy football | Indianapolis Colts | Jacksonville Jaguars | Johnny Alvello | MLB | NBA | NFL | NFL Betting | Tampa Bay Buccaneers

Hasan Nabulsi

In his career, Hasan has worked in both local and state government, including the Attorney Generals Office in Florida. In addition to being familiar with the legislative process, he has also researched and written about the legality of sports betting in the US. Outside of work, you will likely find him producing or playing music, playing sports, or working on creative writing projects. You will also see him at Doak Campbell Stadium cheering for the Noles.

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