FanDuel CEO Matthew King expects biggest gambling day in NBA history

The NBA is back.

After more than four months in hiatus, the league returns to the court from the bubble in Orlando tonight. New Orleans squares off against the Jazz as a 2.5-point favorite and the Lakers battle the Clippers as four-point ‘chalk’ in the nightcap.

Bettors have been eagerly awaiting the return of one of the most gambled-on sports in the world. In fact, FanDuel CEO Matthew King thinks the return could reach unthinkable heights.

“Our view is it is going to be the biggest day in NBA history from a sports betting perspective,” King said Thursday morning on Fox Business. “…there is a lot of pent up demand for the NBA and a lot of pent up demand for sports.”

FanDuel is one of several sportsbooks offering creative and enticing promotions for new bettors looking to get in on the action. Their promo offers customers the chance to bet on the Lakers at +16, which is an obviously massive value (Lakers are currently -5).

For every 2,500 bets made on the Lakers at FanDuel, the book will adjust the spread by one point. Between Tuesday night and Thursday morning, the line moved from -4 to +15, according to the Action Network. As of late this afternoon, the number was up to +25.

The max bet is $50, which should be an easy wager for any FanDuel customer. Importantly, all bets made using this promotion will be graded at whatever the line closes at, so bettors have no reason to wait until the last minute to place their wager.

“We ourselves are running a spread-the-love promotion, that will frankly probably be the biggest spread in history,” King said. “We are really excited to see the results tonight.”

DraftKings is giving new bettors 5-1 odds on any NBA moneyline, while PointsBet will give customers $125 on a $20 wager if the Lakers make a 3-pointer tonight. BetMGM is running a similar deal, allowing bettors to wager $1 and win $100 if there is a single 3-pointer made in the Los Angeles crosstown rivalry game.

FanDuel is the only book allowing returning customers to take advantage of the promotion. All other promos are specifically targeting new players. Todd Dewey of the Las Vegas Review-Journal noted several large future wagers on the NBA across multiple sportsbooks. A Westgate SuperBook bettor placed an $8,000 bet on the Nuggets at 25/1 to win the NBA Finals, which would win $200,000.

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