NASCAR is pushing forward with plans to open a barstool sportsbook at Phoenix Raceway, which hosts two Cup Sequence occasions annually.
in an interview with sport of the day Brandt James, managing director of sports activities betting at NASCAR, mentioned Penn Leisure (NASDAQ:PENN), the guardian firm of Barstool Sportsbook, wants to know the economics of a brick-and-mortar sportsbook on the circuit. mentioned there’s.
At this level, it makes completely no sense to create a retail e book on a racetrack,” Soroski mentioned in an interview.
Different stadiums and arenas within the Phoenix space have retail sportsbooks. These embrace Chase Area, residence of the Arizona Diamondbacks, and State Farm Stadium, residence of the NFL’s Arizona Cardinals. He additionally has a FanDuel sportsbook on the residence arenas of the NBA’s Phoenix Suns and his WNBA’s Mercury, and a retail e book for the Draft Kings is ready to open later this 12 months at TPC Scottsdale. The stadium course there hosts the PGA Tour’s Phoenix Open.
Phoenix Raceway calendar in bother for Penn
Brick-and-mortar sportsbooks at stadiums and raceways range relying on the variety of occasions hosted by the venue.
As Soroski factors out, sport of the day Because it stands, Phoenix Raceway solely hosts two Cup Sequence occasions a 12 months, and Penn’s deal to host the championship race expires subsequent 12 months, in order that might be an issue for Penn Leisure. mentioned in an interview. The observe additionally hosts ARCA, Craftsman Monitor and Xfinity Sequence races, however these occasions do not draw as many crowds because the Cup Sequence.
This compares favorably with MLB stadiums and NBA arenas, which host 81 regular-season video games and 41 video games a 12 months.
Equally, Phoenix Raceway hosts live shows, however attendees of these occasions is probably not pondering of putting bets. No less than not on the stage the place the operator has to have the sportsbook open throughout the live performance. Barstool Sports activities presents cellular his sports activities betting in Arizona, and its footprint will not be threatened if Penn finally decides in opposition to constructing a bodily e book on the racetrack.
NASCAR Betting Connection
Over the previous few years, NASCAR has elevated its involvement within the on line casino gaming and sports activities betting business. His three races within the Cup sequence at the moment are sponsored by on line casino operators, together with Penn. The corporate sponsored “Hollywood On line casino 400, Offered by Barstool Sportsbook” in Kansas final September.
As well as, 19 of the points-paying Cup Sequence races, greater than half, will likely be held in states the place sports activities betting is authorized. This consists of 6 of the ten races that make up the NASCAR playoffs.
NASCAR nonetheless lags behind the likes of soccer and basketball, however motorsport is gaining recognition amongst some bettors. One cause is the number of bets a bettor can think about for his one NASCAR race. Bettors can guess on head-to-head props and producer odds, resembling whether or not a driver will end within the high 5 or high 10, along with choosing the race winner appropriately.
