Every Monday our "What's On Tap" series shows a preview of the coming week in the world of sports betting. Come here for a recap of upcoming financial events, legislative and regulatory sessions, industry conferences, top games scheduled for the week, and more. Also check out our weekly Get A Grip and Wide World of Gambling review at US Bets for a look back at the relevant news over the past week.
Monday February 8th
Djokovic was used as the overwhelming favorite at the Aussie Open
Five months after an impressive disqualification at the US Open, Novak Djokovic gets his next chance for his 18th career Grand Slam. Djokovic, an eight-time Australian Open champion, has won the title three times in the past five years, including in 2020 when he overtook Dominic Thiem in a final by five sets. The first major of the year starts Monday morning in Melbourne. At FanDuel, Djokovic is a strong +130 favorite to win the title. The bookmakers largely expect Djokovic to sail through the draw. Daniil Medvedev, the tournament's second choice, has odds of +440 to win the Open, just before Thiem, the third choice at +550. The 2009 champion Rafael Nadal is the fourth choice in the 6/1. For the women, the Australian Ashleigh Barty and Naomi Osaka are the co-favorites at the 6/1. No. 13 Garbine Muguruza is the only third choice at 11/1, followed by Simona Halep and seven-time champion Serena Williams at 12/1. With a title Down Under, Williams would tie Margaret Court for the record of Grand Slam career wins at 24.
Tuesday February 9th
Arizona House hears bill about sports betting
Two sports betting bills will be heard this week in Arizona starting Tuesday at a House Commerce Committee hearing. A bill sponsored by Rep. Jeff Weninger, HB 2772, allows for up to 30 licenses to be granted – 10 for pro-sports franchises / venues, 10 for tribal gaming casinos and 10 "limited" retail licenses for thoroughbred racetracks . Weninger, a Republican, describes the opportunity as the best chance of legalizing sports betting in Arizona in "a very long time." A separate bill, sponsored by Sen. T.J. Shope will be heard at a meeting of the Senate Commerce Committee on Wednesday.
Lawmakers says Trunks, Teams on Board with Bill that would legalize statewide mobile sports betting in Arizona. https://t.co/XQQzLTmgp4
– Sporthandle (@sports_handle) February 4, 2021
Wednesday February 10th
MGM Resorts is expected to report quarterly annual results
Investors are expected to learn more about BetMGM's sports betting expansion plans on Wednesday when MGM Resorts reports fourth-quarter 2020 profits. MGM is expected to post a loss of 96 cents per share in the fourth quarter, compared to 8 cents per share earnings for the same period last year, according to Zack's consensus estimates. In October, MGM Resorts CEO Bill Hornbuckle was optimistic about the company's growth in sports betting and iGaming as volume spiked and new states legalized activities. A month earlier, MGM estimated that it had iGaming and sports betting market share of around 18% in the states it operated in. Investors may also receive information regarding the future of the Company's joint venture with Entain PLC. Last month, a proposed merger between MGM and Entain collapsed when MGM made a proposed takeover bid for £ 8 billion for all shares. The takeover of Entain would have given MGM full control over BetMGM.
Thursday February 11th
Washington State can introduce proposed rules
A number of proposed sports betting rules could be rolled out Thursday when the Washington State Gambling Commission holds its February session. Prior to the meeting, Maverick Gaming, a Nevada-based company, campaigned for the expansion of sports betting outside of the state's tribal casinos. A Washington bill SB 5212requires a 10% tax on gross gaming revenue and a license fee of $ 100,000.
Sabers are supposed to return on ice
On Thursday evening, the Buffalo Sabers will be back in action after a 10-day hiatus. The Sabers haven't played since January 31st after two players were added to the team's COVID-19 log list. The NHL schedule has been impacted by a number of delays due to the pandemic. This week alone, four games, including the Sabers-Boston Bruins on Monday, have been delayed due to the effects of COVID-19. As of February 6, the pandemic has forced the NHL to postpone 24 games to the 2021 schedule.
If you need help navigating the waiver wire with all these delays from Covid this week on #FantasyHockey, Ondrej Palat is my top add. The #NHL schedule is getting messy. 🤒😷
You can find more waiver goals #HockeyTwitter in my fantasy report for week 4: 📈https: //t.co/Vvx59t53Kz
– Hockey Economist (@Hockeconomics) February 7, 2021
Sunday February 14th
Hamlin is looking for the third Daytona 500 in a row
Joe Gibbs racing driver Denny Hamlin is aiming for his third win in a row and fourth overall victory at the Daytona 500 at the season opening on Sunday. Hamlin, who finished fourth in the 2020 NASCAR Cup Series standings, is the 8/1 favorite at FanDuel. The defending champion of the Cup series, Chase Elliott, is the second choice with +950, followed by Brad Keselowski (+1200), Joey Logano (+1200), Ryan Blaney (+1200) and Kevin Harvick (+1300). Last August, NASCAR signed a multi-year sports betting deal with BetMGM. As of Sunday, sports betting will be offering live in-game betting for NASCAR races for the first time in a partnership with Genius Sports. BetMGM also partnered with Richard Childress Racing last week, making it the first sports betting company to partner with a NASCAR team.
BetMGM has already signed a sports betting deal with Nascar and the company's new partnership with Richard Childress Racing begins this month at the Daytona 500 #Nascar #SportsBiz https://t.co/j340JFIccW
– SportsPro (@SportsPro) February 5, 2021