With a plethora of big sporting events and the legalization of sports betting spreading across the United States, it’s safe to say this past weekend was one of the largest gambling weekends ever.
Michigan and Virginia both launched sports betting last week. BetMGM, one of 10 mobile sportsbooks in the state, had more than 200,000 log-ins in the first seven hours of being live in Michigan, according to multiple reports.
Customers in the state of Michigan and across the United States were eager to bet on the first big event of the weekend — a UFC 257 bout between Conor McGregor and Dustin Poirier. McGregor closed around -340 to win the rematch.
However, it was Poirier who knocked out McGregor in the second round, cashing tickets as a big underdog. FanDuel took a $188,800 wager on McGregor to win the bout. They also had bets of $80,000, $65,000 and $55,000 on the Irishman. PointsBet took a $100,000 wager on McGregor.
A William Hill customer bet $200,000 on Poirier at +270, while BetMGM took a $100,000 wager on the underdog at +270 as well. Borgata Sports accepted a five-leg parlay that included McGregor at -340. The ticket was $59,900 to win more than $362,000.
It’s pretty clear that Poirier’s upset was a good result for most sportsbooks. The majority of the tickets were on McGregor and there was plenty of parlay liability tied to Sunday’s NFL games.
DraftKings launched in Virginia on Sunday morning, allowing customers to place bets on the NFL Championship games later in the day.
There were big bets placed throughout the day. BetMGM took a $550,000 wager on Tampa Bay +3.5 and William Hill had a $500,000 bet on the Buccaneers at +3.5.
The Buccaneers upset the Packers at Lambeau Field in the NFC Championship. It was “the best result BetMGM has had on a single event in twelve months,” according to ESPN’s David Purdum.
The biggest reported bet of the weekend came later in the day, where a BetMGM customer put down $800,000 on the Kansas City money line (-160), according to Fawkes. There was also a $705,000 bet on the Chiefs at -155 that paid a net $454,839 at William Hill.
Kansas City opened as a 3.5-point Super Bowl favorite at the Westgate SuperBook. The Chiefs opened at -3 (-120) at William Hill. There has not been much overnight movement on that line, with the number still sitting around -3 (-120).