Barstool founder and CEO Dave Portnoy appears before the game between the Florida Atlantic Owls and Loyola Illinois Ramblers at the Barstool Invitational at Wintrust Arena on November 8, 2023 in Chicago, Illinois.
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Barstool Sports founder Dave Portnoy received a $2.76 million bonus for UConn’s rout of Purdue in the NCAA men’s tournament on Monday night.
Portnoy tweeted the massive $600,000 bet on the Huskies to win the national championship on March 20. DraftKings confirmed the bet to CNBC.
“This is the biggest bet of my life,” Portnoy said in a post on the social media site X. “This is the biggest victory of my life,” he added.
Barstool signed a multi-year deal with DraftKings in February.The sports media company’s previous owners were penn entertainment corp..
DraftKings is covering a record-breaking NCAA tournament, and sports betting is now legal in 38 states as well as Washington, D.C. — an additional five states since this time last year.
The American Gaming Association estimates that Americans will make $2.72 billion in legal bets on March Madness tournaments this year. This is equivalent to 2.2% of total betting on all sporting events last year.
DraftKings said Monday’s game was the most-bet college basketball game ever at the sportsbook.
fan duel It said that bets on the men’s championship game have increased by 52% over the past few years, and betting on handles has increased by 42% over the past few years.
exist caesarMonday’s championship game set a sportsbook record for the most same-game parlay bets ever placed on a college basketball game.
“This is a tournament for customers as the favorites cover the spread 61 percent of the time,” Craig Mucklow, Caesars vice president of sportsbook trading, said in an email.
For sportsbooks, betting on the women’s championship is particularly lucrative.
South Carolina’s undefeated season and the heroics of superstar Kaitlyn Clark have fueled the influx of bets. fan duel, Bette MGM Fanatics said the championship game is their largest single betting event in women’s sports. Kaiser said the number of receptions in the women’s championship game was twice the previous women’s college basketball record.
“We can only imagine how the game would have been handled if it had proper prime time,” Mucklow said of the women’s final.
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