“Formula One, for the most part, isn’t a heavily bet sport. Chuck Esposito, Red Rock Resort's Sportsbook Director, emphasized the event's magnitude, describing the packed sportsbook and likening the atmosphere to a typical football Sunday. The hefty bets rolled in, notably a $200,000 wager placed at BetMGM on Max Verstappen at -200 odds, reaping a $100,000 return when Verstappen surged to his 18th F1 win this season.Īs excitement peaked, Charles Leclerc's surprising finish and the strategic odds shifts led sportsbooks to emerge as winners. 'The sportsbook took three times the number of bets on the race than any previous contest,' affirmed Seamus Magee, BetMGM's Trading Manager. 'It was well over seven figures,' Craig Mucklow, Caesars' VP of Trading, told Las Vegas Review-Journal, noting the event's staggering betting activity tripled the renowned Daytona 500.īetMGM echoed this enthusiasm, declaring the Las Vegas Grand Prix as their most-bet F1 event. The race became a magnet for wagering, with Caesars Sportsbook showcasing its highest betting handle ever on any auto race.
The Las Vegas Grand Prix set the wheels in motion for a betting frenzy across multiple Vegas sportsbooks, including Caesars, BetMGM, Station Casinos, and the Westgate SuperBook, as record-breaking betting handles were reported for auto racing, reflecting the popularity of the Formula One event held on the Strip.
