BetMGM Anticipates Record-Breaking Handle for Historic Las Vegas Race

min read
(MGM Resorts International)
BetMGM @BETMGM Nov 16, 2023, 12:09 PM

LAS VEGAS (November 15, 2023) – BetMGM is gearing up for a historic race week in Las Vegas and looking forward to what could become the largest handle for a formula racing event in company history. In addition to its mobile app available in 26 markets, BetMGM’s nine retail sportsbooks within MGM Resorts International’s Las Vegas properties are a short walk from the electricity that will unfold on The Strip as 20 drivers vie for a podium spot.

 

“Race weekend in Las Vegas has the potential to shatter every company record for the sport. Popularity for automotive sports in the U.S. continues to grow and the activity we’re already seeing around this event is remarkable.”

Matt Prevost - Chief Revenue Officer, BetMGM

Below is the most notable BetMGM wagering activity for the 2023 Las Vegas Grand Prix:

Line movement (Open to Now)

  • Max Verstappen -350 to -275
  • Charles Leclerc +2200 to +1600
  • Fernando Alonso +4000 to +2500

Highest Ticket%

  • Lando Norris 15.8%
  • Max Verstappen 12.7%
  • Sergio Perez 10.9%

Highest Handle%

  • Max Verstappen 58.6%
  • Lando Norris 12.6%
  • Sergio Perez 6.8%

Biggest Liability

  • Logan Sargeant
  • Lando Norris
  • Sergio Perez

Most bet (tickets) props

  • Sergio Perez to finish top 3 (+160)
  • Any other driver to win race vs. Verstappen (+200)
  • Merecdes car to win the race (+1200)

BetMGM currently operates in 26 markets with mobile and retail offerings. The BetMGM Sportsbook app is accessible on both iOS and Android, as well as via desktop at www.betmgm.com.
For more information, follow @BetMGM on X (formerly Twitter).

BetMGM is proud to provide resources to help customers play responsibly including GameSense, an industry leading program, developed and licensed to MGM Resorts by the British Columbia Lottery Corporation. Through the integration within BetMGM’s mobile and desktop platforms, customers can receive the same GameSense experience they have grown to count on at MGM Resorts properties nationwide. This complements BetMGM’s already existing responsible gambling tools which serve to provide customers with an entertaining and safe digital experience.

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Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.

Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.