NFL and Sportsbooks to Boost Revenues Through Draft, Schedule Expansion
The National Football League has consciously – and successfully – evolved into a year-round sport that has found a burgeoning relationship with sports betting, including its annual player draft.
The futures market, the preseason, the regular season and playoffs have helped to drive sports-betting expansion in the U.S. and all over the world.
But wait, as the commercial says, there’s more!
Millions of fans now immerse themselves in the NFL Draft, finding appropriate prices to fit their opinions.
Bettors wagered $20 million legally on the 2020 draft, but offshore companies and other unlicensed bookmakers may have pushed the number as high as $50 million.
This draft is expected to draw even more. And there are so many ways to proceed.
If you’re the chalk-loving type, you probably should have bet on Trevor Lawrence a few months ago. The Clemson quarterback targeted as the No. 1 pick in the April 29-May 1 draft is now virtually unbettable.
DraftKings had Lawrence at -305 last May, but took enough money to move him all the way out to -10000. Sure, the Jacksonville Jaguars will take Lawrence No. 1, but most people don’t have the appetite to risk five figures for a $100 bump.
FanDuel has him at -9000.
The gambling waters are pretty clear at No. 2, with the Jets seemingly set on BYU QB Zach Wilson.
A Sports Illustrated breakdown of the second overall selection says a big trade solidified Wilson’s status:
This market witnessed a substantial move following the New York Jets trade of starting quarterback Sam Darnold to the Carolina Panthers. Rumors and speculation linking the Jets to BYU quarterback Zach Wilson intensified after the star quarterback’s televised private workout for scouts.
Previously, there was always wonder if the Jets would trade the No. 2 overall pick for a plethora of picks and/or players. In addition, Ohio State quarterback Justin Fields was projected by several draft analysts to be the second overall player chosen in the 2021 NFL Draft. Following his impressive workout on March 26, the oddsmakers made Wilson a sizable favorite over Fields. However, the odds doubled on Monday after the Darnold trade seeing Wilson’s odds go from -1000 to -2000 in minutes.
As a result of another trade – the 49ers acquiring the No. 3 pick – the rest of the first round is wide open.
San Francisco is reportedly interested in Alabama’s Mac Jones, but sportsbooks have action all over the place.
PointsBet had Jones at +110 late last week, but DraftKings and BetRivers rated him behind Ohio State’s Justin Fields for the third selection. Each of those operators listed Jones at +150 while Fields was the +125 favorite to go No. 3.
FanDuel had Jones and Fields co-favorites at +150.
The other menu options include where a particular player will be picked.
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