Las Vegas Grand Prix Drives Huge Betting Volume for BetMGM


Posted on: November 15, 2023, 04:43h. 

Last updated on: November 15, 2023, 04:43h.

With the Las Vegas Grand Prix in full swing, anticipation is building for what is expected to be a record-breaking weekend of betting activity. Major sportsbooks, including BetMGM, are poised to capitalize on the excitement surrounding the event.

Las Vegas Grand Prix
F1 champion Max Verstappen. He’s commanding 58.6% of BetMGM for the Las Vegas Grand Prix. (Image: Sports Illustrated)

BetMGM is expecting the Las Vegas Grand Prix to garner the largest handle for a Formula One event in company history. The third-largest US internet sportsbook operator will offer betting opportunities to enthusiasts across 26 jurisdictions.

Race weekend in Las Vegas has the potential to shatter every company record for the sport,” said BetMGM Chief Revenue Officer Matt Prevost in a statement. “Popularity for automotive sports in the U.S. continues to grow and the activity we’re already seeing around this event is remarkable.”

Unsurprisingly, Max Verstappen is significantly favored to win the race. His odds have tightened to -275 (bet $275 to win $100) from an opening line of -350 due to his consistent success. Currently, Verstappen represents 58.6% of the handle on the race at BetMGM.

Additionally, other drivers generating considerable betting interest include Logan Sargeant, Alex Albon, and Nicolas Hülkenberg. Lando Norris and Red Bull Racing also maintain strong support among bettors.

Three Popular Prop Bets

For those seeking alternative wagers, prop bets are a great option. The most popular prop bets for the Las Vegas Grand Prix include bets on Perez to finish in the top three, any driver to win the race other than Verstappen, and a Mercedes car to win the race – all offering potential for big payouts.

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