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Tag: CAESARS SPORTSBOOK

  • Caesars Sets the Betting Pace for F1 Las Vegas • This Week in Gambling

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    F1 Las Vegas returns this weekend, and Caesars Sportsbook with its William Hill brand are emerging as dominant forces in the betting scene. The sportsbooks have posted aggressive odds, particularly favoring top drivers Max Verstappen, Lando Norris, George Russell and Oscar Piastri.

    Caesars’ fast-moving offers reflect growing engagement from bettors around the Nevada race. Verstappen is listed at +175, while Norris trails close behind at +230, according to the current odds. George Russell is at +450, with Piastri not far back, underscoring how the sportsbooks anticipate a tight battle at the Circuit of the Strip.

    Market watchers say the odds spread highlights how confident Caesars and William Hill are in their racing pools—and their ability to drive F1-focused wagering in a high-stakes market. The Las Vegas race, with its dramatic night-time setting along the Strip, lends itself to increased betting volume and a broader mix of wagering types.

    This activity comes amid broader developments in Caesars’ betting strategy. Caesars recently enhanced its mobile app in Nevada by launching a universal digital wallet that consolidates both funds and loyalty credits to streamline the customer experience. This upgrade helps F1 Las Vegas bettors move seamlessly between Caesars Rewards and active wagers.

    Meanwhile, Caesars Entertainment has renewed its multi-year partnership with the Las Vegas Grand Prix through 2030, reinforcing its commitment to high-profile racing weekends in the city. The deal aligns with Caesars’ ongoing property investments, including upgrades to Caesars Palace.

    Analysts note that Caesars and William Hill’s bold odds for F1 Las Vegas reflect not just regulatory confidence, but an expectation that the race will continue to generate heavy betting inflows. Their pricing suggests they’re eyeing both casual fans placing speculative bets and serious punters backing big names.

    As Formula 1 cars roar through Sin City, Caesars Sportsbook and William Hill are positioning themselves not just as betting providers, but as central players in F1 Las Vegas’s growing economic and entertainment engine.

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  • Prediction Markets, Sportsbooks Don’t Jibe, Massachusetts Says

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    Posted on: November 13, 2025, 04:28h. 

    Last updated on: November 13, 2025, 04:28h.

    • Sportsbooks in Massachusetts cannot offer prediction market sports contracts in the state
    • DraftKings and FanDuel are launching prediction markets next month

    Following a similar ruling in Nevada, gaming regulators in Massachusetts are telling their licensed sportsbooks to refrain from engaging in prediction markets involving sports contracts.

    prediction markets sports betting Massachusetts
    FanDuel Predicts, a prediction market, is set to launch in December 2025. Gaming regulators in Massachusetts say such online wagering products are prohibited by state law. (Image: FanDuel)

    On Thursday, the Massachusetts Gaming Commission (MGC) warned the state’s seven sportsbook operators that they cannot partner with prediction markets or offer sports-related event contracts within the commonwealth. The MGC letter comes after several licensed sportsbooks in the Bay State revealed their intentions to enter the prediction market space.

    In the event you offer sports-related event contracts in Massachusetts or direct patrons to such event contracts being offered in Massachusetts, the Commission may take steps up to and including revocation of your license. In addition, to the extent any other regulator takes action against your license due to your operation in the prediction market space, such action may inform decisions related to your suitability in Massachusetts,” MGC Executive Director Dean Serpa wrote.

    Massachusetts sports betting license holders include Bally Bet, BetMGM, Caesars Sportsbook, DraftKings, Fanatics, FanDuel, and Penn Sports.

    Prediction Market Crackdown 

    The Massachusetts gaming regulators agree with the Nevada Gaming Control Board (NGCB) that prediction markets offering event contracts on sports outcomes constitute sports gambling.

    “Wagering on sporting events in Massachusetts is strictly governed by M.G.L. c. 23N, which defines ‘sports event’ or ‘sporting event’ as ‘a professional sport or athletic event, collegiate sport or athletic event, a collegiate tournament, motor race event, electronic sports event, or other event authorized by the Commission under [Chapter 23N]…’ As such, wagering on sporting events may only be offered on authorized sports wagering platforms licensed by the Commission,” Serpa explained.

    The MGC notice comes only hours after DraftKings and FanDuel exited Nevada’s sports betting industry to focus on their prediction market efforts. FanDuel’s parent, Flutter Entertainment, surrendered its sports wagering license, while DraftKings folded on its pursuit to enter the state.

    Last month, the NGCB concluded that sports event contracts are wagers. The board, often cited as the “gold standard” of gaming regulation, added that most prediction market contracts violate Nevada’s betting laws.

    The Board considers offering sports event contracts, or certain other event contracts, as constituting wagering activity under NRS 463.0193 and 463.01962. Wagering occurs whether the contract is listed on an exchange regulated by the Commodity Futures Trading Commission or elsewhere,” the NGCB wrote.

    “Examples of event contracts that the Board specifically considers to be wagering subject to its jurisdiction include event contracts based on the outcome or partial outcome of any sporting or athletic event, or other selected events such as the World Series of Poker, the Oscars, Esports, and political elections (“Sports and Other Event Contracts”),” the notice continued. 

    Boston-Based DraftKings

    For DraftKings, the company that calls Massachusetts’ capital city its headquarters, the MGC notice is of utmost concern. Though the state gaming agency said its directive regarding prediction markets only applies to such operations within the commonwealth, the MGC said it reserves the right to address its licensees operating PMs outside the state in the future.

    The letters do not speak to sports-related event contracts offered outside of Massachusetts or event contracts in general, though the Commission reserves the right to address those topics in the future,” the MGC wrote on its website.

    DraftKings is set to debut DraftKings Predicts next month. FanDuel is, too.

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    Devin O’Connor

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  • Louisiana Sports Bettor Turns $50 Into $574,925 on Six-Leg Parlay

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    Posted on: October 18, 2025, 01:53h. 

    Last updated on: October 18, 2025, 01:53h.

    • A bettor in Louisiana won $574,925 on a $50 bet
    • The six-leg parlay was made with Caesars Sportsbook

    A sports bettor in Louisiana had himself a Thursday when his six-leg “Super Parlay” hit for almost $575K.

    Caesars Sportsbook Louisiana sports betting
    Caesars New Orleans is pictured. A sports bettor in Louisiana using the Caesars Sportsbook hit a $50 six-leg parlay that won $574,925. Parlays are typically very profitable for sportsbooks, with this win being one major exception. (Image: Shutterstock)

    Caesars Sportsbook shared the news on Friday morning that a bettor in Louisiana turned $50 into $574,925 on a six-leg parlay.

    Caesars Sportsbook Louisiana sports betting
    (Image: X)

    The ticket slip had four players competing in the MLB American and National League Championship Series’ going yard — Max Muncy (+500), Teoscar Hernandez (+475), Randy Arozarena (+525), and Vladimir Guerrero Jr. (+390).

    When all hit homers, the bettor still needed touchdowns from Jonnu Smith (+340) and Tee Higgins (+215) during Thursday Night Football. Smith and Higgins came through, each scoring TDs before the first half concluded.

    Caesars Sportsbook says the six-leg parlay’s odds were around 11,498 to 1, meaning the bettor turned every $1 bet on the ticket into nearly $11,498.

    “Pretty remarkable win,” said a Caesars Sportsbook spokesperson.

    Remote Bet Had Remote Odds

    In relaying the news to Casino.org, a Caesars Sportsbook rep said the bettor made the wager remotely via the online sportsbook’s mobile app. A “Super Parlay,” as Caesars Sportsbook billed the bet, is when the ticket combines multiple same-game parlays, same-game parlays to a traditional parlay, or same-game parlays to a straight wager selection.

    Caesars Entertainment manages three casinos in Louisiana — Caesars New Orleans, Horseshoe Lake Charles, and Horseshoe Bossier City. Each Caesars property in the Bayou State has a Caesars Sportsbook.

    Sportsbooks typically enjoy it when customers build parlays, as the combining of bets compounds the book’s edge over the bettor. The lengthier odds come with larger payouts, which attract bettors to keep trying them despite rarely winning.

    Small wagers with the possibility of a big payout are seen as a form of fun entertainment. Some say it’s akin to playing the lottery — a low probability of winning but the slim chance of winning big keeps players coming back.

    A parlay elevates the sportsbook’s “vig,” or commission/fee implemented into the odds, that ensures the book will make a profit regardless of the outcome of the game. Vig, which stands for “vigorish,” or the book’s “juice,” is compounded as a bettor assembles a parlay. 

    Louisiana Sports Betting

    Oddsmakers in Louisiana continue to see growth in both handle and revenue. Mobile sportsbooks have grown their net win from $209.2 million in the 2023 fiscal year to more than $443.4 million in the 2025 fiscal campaign.  

    Online bets have grown from $2.2 billion in 2023 to over $3.7 billion last year.

    Basketball — not football — is the most bet sport in Louisiana. Oddsmakers won $41.6 million last year on hoops, and $27.2 million on football. Revenue from parlays totaled $296.7 million, accounting for a staggering 67% of the Louisiana sports betting revenue in the 2025 fiscal year.

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    Devin O’Connor

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  • Caesars Sportsbook promo code NEWSWK20X: Claim top NFL Week 5 sign-up bonus

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    New customers who use the Caesars Sportsbook promo code NEWSWK20X can double their winnings for NFL Week 5. Learn how to gain profit boosts for your parlays on Sunday.

    Register with the Caesars Sportsbook promo code and place your first $1 bet on any game. Win or lose, you’ll receive (20) 100% profit boosts. These boosts can be used toward parlays up to $25.

    Caesars Sportsbook Promo Code NEWSWK20X Unlocks 20 Boosts

    Caesars Sportsbook Promo Code NEWSWK20X
    New User Offer Bet $1, Get (20) 100% Profit Boost Tokens (Max, $25 Bets)
    In-App Promos NFL Flips, Odds Boosts, NFL Million Dollar Payday, etc.
    Terms and Conditions New Customers – 21+ in Eligible States
    Bonus Last Verified On October 5, 2025
    Information Confirmed By Newsweek

    Action starts early with another international game between the Vikings and Browns. Then, it’ll be the Raiders vs. Colts, Giants vs. Saints, Cowboys vs. Jets, Broncos vs. Eagles, Dolphins vs. Panthers and Texans vs. Ravens in the 1 pm ET.

    It is the first bye week, so it’s a lighter schedule compared to the previous weeks. We have the Titans vs. Cardinals, Buccaneers vs. Seahawks, Lions vs. Bengals and Commanders vs. Chargers in the late afternoon. The day ends in Buffalo as the undefeated Bills take on the Patriots.

    Apply these boosts to your parlays and increase your winnings for each bet up to $2,500. Browse through a variety of props, moneylines, totals and spreads.

    There are several different NFL promotions on the Caesars Sportsbook app, including Million Dollar Parlay Payday. Win a parlay with odds of +5000 or longer to win a share of $50,000 in bonus bets. And try playing the NFL Flips game to win daily prizes.

    Odds Boosts For NFL Week 5, MLB Postseason

    Caesars also releases new odds boosts each week for the NFL. Select markets have increased odds, giving customers the chance at more winnings. These are just some of the options you can find on Sunday:

    • Saquon Barkley over 99.5 rush + receiving yards and a TD (+180)
    • Eagles, Colts, Ravens and Jets all win (+725)
    • George Pickens and Garrett Wilson each over 79.5 receiving yards (+400)
    • Jayden Daniels over 1.5 pass TDs and over 29.5 rush yards (+175)
    • Josh Allen over 199.5 pass yards and a rushing TD (+190)

    Similar boosts are available for the MLB postseason. It’ll be the Yankees vs. Blue Jays and Tigers vs. Mariners on Sunday, with the Dodgers vs. Phillies and Cubs vs. Brewers on Monday. The Dodgers got the win in Game 1 with Shohei Ohtani on the mound, so they have the best odds to win the World Series.

    How To Register With Caesars Sportsbook Promo Code

    Take these easy steps to create an account and double your winnings for NFL and MLB bets. It only takes a few minutes to get started.

    • Follow the links on this page to apply the Caesars Sportsbook promo code NEWSWK20X.
    • Enter your date of birth, email address, residential address and phone number to verify your identity.
    • Make a deposit with an accepted payment method, like online banking or a debit card.
    • Place a $1 bet on an NFL game to release 20 profit boosts.

    Be sure to use all the profit boosts before they expire in 14 days.

    Participating states only. 21+ . Know When To Stop Before You Start.® Gambling problem? Call 1-800-GAMBLER.

    Newsweek may earn an affiliate commission if you sign up through the links in this article. See the sportsbook operator’s terms and conditions for important details. Sports betting operators have no influence over newsroom coverage.

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  • Caesars Sportsbook Expands in Washington DC • This Week in Gambling

    Caesars Sportsbook Expands in Washington DC • This Week in Gambling

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     September 19, 2024



    It has been announced that Caesars Sportsbook will soon expand in Washington, DC, bringing self-service kiosks to 53 small businesses. These wagering kiosks will replace the GambetDC sports wagering kiosks currently in place at OLG-licensed sports betting retail locations. In addition to wagering, the kiosks will accept cash deposits to Caesars mobile accounts.

    With thousands of markets and lightning-fast functionality, Caesars Sportsbook betting kiosks will provide the gold-standard sports wagering experience sports fans are familiar with on the mobile app. Every wager placed with their sportsbook, whether at a kiosk, in-person at Capital One Arena, or on the mobile app, earns Reward Credits.

    Caesars has offered in-person sports betting at Capital One Arena since 2021 through its landmark partnership with Monumental Sports & Entertainment. Their Sportsbook at Capital One Arena made history as the first sportsbook in a U.S. professional sports venue. Their Reward Credits are redeemable for unforgettable experiences made possible through the industry-leading loyalty program. Sports fans 21 and older can download the Caesars Sportsbook app on iOS and Android or access it via desktop.

    Caesars Entertainment remains committed to promoting Responsible Gaming awareness and education as they expand into more jurisdictions. Their 21 and older policy applies to all sports wagering operations conducted by Caesars Sportsbook in Washington, D.C., including on the Caesars Sportsbook app and at all in-person sports betting locations.

    Caesars Sportsbook self-service betting kiosks throughout Washington, D.C. will enforce Caesars Entertainment’s enhanced 21 and older gaming policy. This policy applies to all in-person and online operations conducted by the Company and underscores Caesars’ commitment to Responsible Gaming and its established reputation as a leader in the industry.