Las Vegas’ Sportsbook Scene Continues to Undergo Changes
On Monday, the BettorIQ Podcast ranked the top five sportsbooks in Las Vegas. Included in the discussion was the changing of the town’s sports betting landscape. In the past, bettors could wander around the various sportsbooks and secure the “best of the line” due to varying opinions. Like -3 or +3.5 on an NFL game? There was a good chance you’d be able to find both prices. Nowadays, the number of individual properties is dwindling with William Hill recently taking over at the Cosmopolitan, Palazzo and Venetian. There were also rumors that William Hill would take over Caesars as well but now it looks like DraftKings may do so. Once legalized sports betting started to take off, so did the presence of DraftKings and FanDuel, particularity on the East Coast. It was thought that Las Vegas would try to “keep it in the family” and avoid allowing out-of-town groups to set up shop. But William Hill managed to do it and it looks as if DraftKings now has boots on the ground as it recently opened a Las Vegas office. Circa is also looking to make its presence felt. Currently operating at The D and Golden Gate, Circa is slated to open what is being billed as the biggest sportsbook in the world in their new downtown property slated to open in late 2020. The sportsbook will feature three levels. Unlike William Hill, Circa has earned positive feedback from bettors with early lines, opinionated lines, and a willingness to take bets from sharper players. Financially, sports betting is at its peak in Las Vegas. Sportsbooks are raking in the cash as they upgrade and/or open new properties as well as accommodate the online player with apps. There’s no doubt a lot to be excited about if you’re a sports bettor in Nevada. But there are concerns, most notably from those who approach sports betting from a more serious angle. What we do know is the Las Vegas scene is changing and will continue to do so with the rise of sports betting in the United States.