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Las Vegas sportsbooks offer blueprint on how to be successful

05.16.2018     08:58 AM     Printer Friendly

SportsMemo.com blog entry.
For states looking to open sportsbooks, the logical blueprint is that of Las Vegas. William Hill is already positioned to operate at Monmouth Park. MGM and Caesars have casinos all across the country. Westgate SuperBook manager Jay Kornegay points out that sportsbooks have a very small margin, meaning in order to turn a profit, they need to be run correctly.


“Most of those that are operating in Las Vegas today are operating in other markets around the country,’’ he said. “I can assure you that those companies are excited about the possibility of bringing their expertise into these other markets as they consider sports betting."

“A Las Vegas sports book works on a very slim margin and its the lowest hold percentage of any casino game offered,’’ he said. “Not to mention it’s very expensive to operate.

“The potential operators out there really need to understand not only how a book operates, but also the financials of a book before they put any kind of legislation together.’’



 

Tags: Las Vegas




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