BetMGM anticipates record-breaking handle for historic Las Vegas race

(PRESS RELEASE) -- BetMGM is gearing up for a historic race week in Las Vegas and looking forward to what could become the largest handle for a formula racing event in company history. In addition to its mobile app available in 26 markets, BetMGM’s nine retail sportsbooks within MGM Resorts International’s Las Vegas properties are a short walk from the electricity that will unfold on The Strip as 20 drivers vie for a podium spot.

“Race weekend in Las Vegas has the potential to shatter every company record for the sport,” said BetMGM Chief Revenue Officer Matt Prevost. “Popularity for automotive sports in the U.S. continues to grow and the activity we’re already seeing around this event is remarkable.”

Below is the most notable BetMGM wagering activity for the 2023 Las Vegas Grand Prix:

Line movement (Open to Now)
- Max Verstappen -350 to -275
- Charles Leclerc +2200 to +1600
- Fernando Alonso +4000 to +2500

Highest Ticket%
- Lando Norris 15.8%
- Max Verstappen 12.7%
- Sergio Perez 10.9%

Highest Handle%
- Max Verstappen 58.6%
- Lando Norris 12.6%
- Sergio Perez 6.8%

Biggest Liability
- Logan Sargeant
- Alex Albon
- Nico Hulkenburg

Most bet (tickets) props
- Sergio Perez to finish top 3 (+160)
- Any other driver to win race vs. Verstappen (+200)
- Merecdes car to win the race (+1200)