SuperBook Sports activities Newest Casualty in US Sports activities Betting Biz
SuperBook Sports activities, the sports activities wagering unit Westgate Resorts, stated Friday it’s leaving the net sports activities betting enterprise exterior of Nevada.
Bettors on the Westgate SuperBook in Las Vegas. The operator is the cellular sports activities betting business exterior of Nevada. (Picture: Getty)
In a publish on X, previously Twitter, the gaming firm stated that as of 8 pm Japanese time at this time, bettors with SuperBook cellular wagering accounts in eight states will now not be capable to place sports activities bets. These patrons are free to withdraw their funds instantly.
We remorse to tell you that SuperBook Sports activities will now not be accepting wagers, deposits or new accounts in Colorado, New Jersey, Arizona, Tennessee, Ohio, Iowa, Maryland and Virginia efficient July 19, 2024 at 8:00pm ET,” in response to the social media publish.
The SuperBook Nevada cellular betting app will stay operational and the famed SuperBook sportsbook on the Westgate Las Vegas Resort & On line casino will stay open. The publish didn’t point out the destiny of the SuperBook retail location at The Lodge On line casino in Black Hawk, Colo.
With SuperBook Out, One other One Bites the Mud
SuperBook Sports activities is the most recent on-line sportsbook operator to throw within the towel within the US and the information arrived lower than two weeks after Tremendous Group (NYSE: SGHC), the father or mother firm of Betway, made the identical announcement.
With addition of SuperBook, the US sports activities wagering graveyard is populated by not less than 10 firms and that doesn’t embrace operators reminiscent of PointsBet US and William Hill, which had been acquired. One other latest addition to that listing is SaharaBets Sportsbook, which stated final week it was ceasing its web sports activities betting operations in Arizona.
SuperBook Sports activities’ struggles to seize to ample market share are a well-recognized chorus within the business — one more and more dominated by DraftKings and FanDuel. In report revealed earlier this week, JMP Securities estimated that within the second quarter, these two operators mixed for 74.5% of US sports activities wagering deal with. BetMGM was third at a scant 7%.
That underscores the purpose that even gaming firms with robust model recognition are discovering it troublesome (and costly) to compete with the pair of aforementioned behemoths.
SuperBook Model Didn’t Catch On Outdoors of Vegas
For a lot of locals and guests to Las Vegas, the SuperBook on the Westgate is considered as a staple on the Sin Metropolis sports activities wagering scene. The sportsbook there was operational for greater than 35 years and at over 35,000 sq. ft, is without doubt one of the largest venues of its type on the planet.
The SuperContest and winner-take-all SuperContest Gold are among the many hottest annual soccer wagering contests and Jay Kornegay and John Murray are two of the largest names within the enterprise. Kornegay makes frequent media appearances and SuperBook odds are extensively cited in sports activities media circles confirming that the SuperBook model is acknowledged by these within the know within the sports activities betting area.
Even with these credentials, the operator wasn’t capable of adequately compete with the 2 massive names within the home on-line sports activities wagering business.
