Sports Betting News: Pirates, Tigers Among Faves For MLB Futures FanDuel, DraftKings Stocks Takes a Hit and More

Sports Betting News: Pirates, Tigers Among Faves For MLB Futures FanDuel, DraftKings Stocks Takes a Hit and More

The slow summer months for sports betting have us to look into some MLB futures bets. Who would’ve thought that the Detroit Tigers and Pittsburgh Pirates would be among the public favorites for awards? The summer months will make us all crazy. Sportsbook stocks recently took a hit when Illinois announced a steep tax hike, but that hasn’t changed the fact that FanDuel and DraftKings continue to own a lion’s share of the market, according to an analyst at Truist.

Underdog Sportsbook, one of the newest sportsbooks on the market, might be positioned to enter Arizona after the state opens up applications for available licenses. States continue to reap the rewards of a competitive market. North Carolina, one of the newest sports betting states, is no different.

CHECK OUT THE SPORTS GAMBLING PODCAST’S DAILY BEST BETS

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Sports Betting News: Pirates, Tigers Among Faves For MLB Futures FanDuel, DraftKings Stocks Takes a Hit and More

The summer months tend to be slow for the sports betting public. MLB futures are one way to have fun. BetMGM has released some updated odds and stats for MLB Future bets. Here’s a quick look in case you are thinking of following or fading the public.

AL MVP
Highest Ticket%: Julio Rodriguez & Juan Soto 13.0%
Highest Handle%: Aaron Judge 15.2%
Biggest Liability: Bobby Witt Jr.
Odds leader: Aaron Judge -105

AL Cy Young
Highest Ticket%: Tarik Skubal 16.8%
Highest Handle%: Tarik Skubal 20.1%
Biggest Liability: Tarik Skubal
Odds leader: Tarik Skubal +130

AL Rookie of the Year
Highest Ticket%: Jackson Holliday 23.6%
Highest Handle%: Jackson Holliday 22.6%
Biggest Liability: Jackson Holliday
Odds leader: Luis Gil -135

NL MVP
Highest Ticket%: Mookie Betts 14.8%
Highest Handle%: Mookie Betts 25.6%
Biggest Liability: Elly De La Cruz
Odds leader: Mookie Betts +140

NL Cy Young
Highest Ticket%: Ranger Suarez 14.0%
Highest Handle%: Zack Wheeler 13.3%
Biggest Liability: Ranger Suarez
Odds leader: Zach Wheeler +225

NL Rookie of the Year
Highest Ticket%: Paul Skenes 20.1%
Highest Handle%: Paul Skenes 23.1%
Biggest Liability: Paul Skenes
Odds leader: Shota Imanaga +140

Truist Calls It A Two-Book Race on Wall Street

The race for the top sportsbook in the U.S. continues between FanDuel and DraftKings. With both companies now trading on Wall Street, it’s opened up new doors for the competition among stock analysts.

Barry Jonas of Truist said on Tuesday that FanDuel and DraftKings combine to own the monster’s share of the market at about 73 percent. This is an increase of about 1% from 2023. Jonas estimates that FanDuel edges DraftKings by a margin of 38 percent to 36 percent.

Jonas later adds that BetMGM, Caesars, and ESPN Bet (Penn Entertainment) are tier three operators, as he skipped tier two.

FanDuel’s parent company, Flutter, ended trading on Tuesday on the New York Stock Exchange trading at $183.15/share, while DraftKings stock was at $38.24/share at the end of trading the same day. FanDuel and DraftKings stocks recently took a hit when it was announced that Illinois would increase its tax on sports betting.

Is Underdog Going to Arizona?

The Arizona Department of Gaming is seeking new sportsbooks to enter the state. According to Legal Sports Report, the state has four open licenses, and Underdog Sportsbook, one of the newest sportsbooks on the market, could be in a position to snag one of them.

Even though FanDuel, DraftKings, BetMGM, and Caesars own 90 percent of the market, there are still licenses open in the state.

Underdog Sportsbook, a partner of SGPN, is the fastest-growing paid fantasy sports company. It was founded in 2020 to build games for American sports fans to increase their enjoyment of sports.

Underdog Sportsbook and Fantasy delivers an industry-leading platform that gives sports lovers the best way to safely and responsibly enjoy fun, approachable contests and games. With a unique blend of innovative fantasy and sports betting games, Underdog is able to appeal to the most experienced as well as casual sports fans.

Underdog provides a wide array of content from former professional athletes and thought leaders to provide expertise and a fun user experience for all fans.

North Carolina Sports Betting Benefitting The State

North Carolina sports betting launched in March, and the state is reportedly reaping the benefits. After three months of operation, the Tar Heel state has earned over $42 million.

The sportsbooks are also doing well, bringing in nearly $235 million in gross wagering revenue.

North Carolina sports betting launched on March 11, just in time for the NCAA men’s basketball tournament. This led to a large amount of money bet during March and April. Without many major sporting events in May, wagering has declined a bit, but that is normal for this time of year.

There are many North Carolinians who benefit from the state’s take on sports wagers. The Department of Health and Human Services for gambling addiction education and treatment programs gets $2 million annually, and another million yearly goes to North Carolina Amateur Sports to expand youth sports opportunities.

The 13 state universities get $300,000 for their athletic departments, and another million goes to the N.C. Youth Outdoor Engagement Commission. The remaining gets distributed to the state/s general fund, a new events center for the state, and again back to the college athletic departments.

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