Two entertainment and sports attorneys discuss sports, sportsbetting, sports business, fantasy sports and entertainment each week.
Tuesday, February 5, 2019
Patriots Cost FanDuel Sportsbook In New Jersey $5 Million On Super Bowl Betting by Adam Candee
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If you feel like the Patriots ruined all the fun of Super Bowl Sunday, try being FanDuel Sportsbook today.
The Patriots 13-3 victory over the Rams easily covered the spread and helped deal an “estimated net loss” of $5 million to FanDuel Sportsbook in New Jersey, according to a FanDuel spokesman. That estimated net loss includes free bets, as well as payouts on the game.
Sources indicate to Legal Sports Report that such free bets represent a significant portion of that $5 million hit.