Michigan vs. Ohio State: Historic Highest-Wagered College Game

SportsGrid

Watch Michigan vs. Ohio State: Historic Highest-Wagered College Game - SportsGrid on Dailymotion

Transcript

00:00 (upbeat music)

00:02 - We got the word that the most bet college football game

00:07 of the season was Michigan, Ohio State.

00:10 This is according to DraftKings.

00:11 And it ranked up there as far as the most bet games

00:15 of all time since sports betting has been legal

00:18 over on DraftKings.

00:19 So I guess we should not be surprised

00:21 that this is probably a contributor to why Michigan

00:25 is doing so well in sports betting.

00:26 And it even goes back to October, Jim.

00:29 So all the success that the Wolverines have had

00:32 is clearly, you know, spurning some sports betting.

00:35 The Lions are doing very well.

00:37 And I think it's really easy to point to success

00:39 of the local teams that gets people online

00:41 that wanna back them.

00:42 - Yeah, for sure.

00:44 We've talked about that a handful of times

00:47 over the last couple of weeks,

00:48 where we're talking about states with teams

00:52 that are having a good run of success.

00:54 And, you know, as we know, it does help boost handle

00:59 as the fans are excited to find another way

01:03 to back their team.

01:05 And in Michigan in October,

01:08 we saw four of the online sports betting apps

01:13 post pretty solid months.

01:15 And all of that combined contributed

01:17 to a record setting month of handle overall

01:22 in Michigan at $533 million.

01:28 FanDuel, they topped the list,

01:30 173.4 million bet through the FanDuel app

01:34 in Michigan in October.

01:36 That's a record for any individual operator

01:40 in Michigan sports betting history.

01:42 DraftKings, they set their own individual,

01:45 you know, personal best with $147.4 million

01:50 bet through their app in October.

01:53 Caesars posted nice gains in October, as did BetRivers.

01:58 The little caveat for those last two, though,

02:01 they did end up losing money.

02:03 The bettors got the best of Caesars and BetRivers

02:08 in Michigan in October.

02:10 They ended up losing money there.

02:13 And as we've known, and as we've touched on

02:16 in a variety of markets,

02:19 October was the last full month

02:21 that sports bettors will see

02:24 the Barstool Sportsbook app in Michigan.

02:28 They are, as you know,

02:29 they were just rebranded to ESPN Bet.

02:34 They had $20.5 million in handle in October in Michigan,

02:38 pretty flat with September.

02:40 And as we know, the parent company, Penn Entertainment,

02:45 really stopped promoting the Barstool Sportsbook app

02:49 and that brand entirely once they cut ties

02:53 with Barstool over the summer.

02:55 So no real surprise there.

02:57 And, you know, we'll look to the future here in November

03:01 and beyond to see what sort of ground

03:05 the ESPN Bet app can stand on.

03:09 Also in Michigan in October,

03:11 we saw Fanatics bump their handle

03:13 as they continue to put more months under their belt

03:17 as they are open for all customers now

03:20 after a fairly extended beta testing period there.

03:24 (upbeat music)

03:27 (upbeat music)

Category

Transcript

Recommended