The Las Vegas Grand Prix is back in Sin City, bringing excitement and large bets to the Strip. BetMGM, the third-largest US internet sportsbook operator, expects the event to generate the largest handle for a formula racing event in the company’s history. With the race generating remarkable activity, BetMGM is anticipating record-breaking betting tallies for the F1 race.
BetMGM’s Chief Revenue Officer, Matt Prevost, expressed his optimism, stating that the race weekend in Las Vegas has the potential to break every company record for the sport. MGM Resorts International’s nine Strip retail sportsbooks are also expected to see significant activity, with most of them within walking distance of the race festivities.
Amidst the excitement, Dutch driver Max Verstappen, who recently wrapped up the 2023 series championship, commands the biggest chunk of a handle on the race at BetMGM. Despite the speculation that fans may not be thrilled about the race due to Verstappen’s recent dominance, his odds to win the Las Vegas Grand Prix have shortened, showcasing his prowess on the track.
While Verstappen is a strong favorite, BetMGM is also seeing significant activity on other drivers, with Williams Racing’s Logan Sargeant, teammate Alex Albon, and German driver Nicolas Hülkenberg attracting attention from bettors. McLaren’s Lando Norris and Red Bull Racing also combine for a notable percentage of the handle at the gaming company.
For those looking for potential value and money beyond the race winner, BetMGM offers popular prop bets for the Las Vegas Grand Prix. These include bets on Verstappen’s teammate Perez to finish in the top three, the possibility of any other driver winning the race, and the chance of a Mercedes car winning the race.
As excitement builds for the return of Formula One to Las Vegas, BetMGM is gearing up to handle the massive betting activity and record-breaking tallies, turning the event into a potential landmark for the company’s sports betting history.