Close Menu
  • Home
  • UNSUBSCRIBE
  • News
  • Lifestyle
  • Tech
  • Entertainment
  • Sports
  • Travel
Facebook X (Twitter) WhatsApp
Trending
  • How It Started at the 2009 MTV VMAs
  • Space travel may accelerate the aging of stem cells by as much as 10 fold, study says
  • Scientists find ‘something extraordinary’ in famous supernova’s troubled heart
  • Steve Buscemi admits confusion over how to pronounce his own name
  • Don’t expect AI Siri to debut at Sept. 9 Apple event
  • League One and Two: Every game LIVE on Sky!
  • Kylie Jenner, Madison LeCroy & Expert-Loved
  • Humans are being hired to clean up AI’s mistakes
Facebook X (Twitter) WhatsApp
Baynard Media
  • Home
  • UNSUBSCRIBE
  • News
  • Lifestyle
  • Tech
  • Entertainment
  • Sports
  • Travel
Baynard Media
Home»News»Caesars Sportsbook senior trader talks F1’s explosion in United States
News

Caesars Sportsbook senior trader talks F1’s explosion in United States

EditorBy EditorNovember 23, 2024No Comments4 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email

LAS VEGAS – It’s nearly time for the Las Vegas Grand Prix.

Formula 1’s impact in the United States has increased significantly. 

If the fanfare in Las Vegas didn’t prove it, then three races and the possibility of an American race team joining the fold does. 

And so do the betting markets.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

Max Verstappen in his vehicle

Red Bull driver Max Verstappen of the Netherlands gets into his car in the garage area during a practice session for the Formula One U.S. Grand Prix Thursday, Nov. 21, 2024, in Las Vegas.  (AP Photo/Matt York)

“I think it was a slow burner initially,” Caesars Sportsbook Senior Trader Chris Pearce told Fox News Digital. “I think recently, because there’s more and more Grands Prix in the Northern Hemisphere, and in the U.S., especially with the Austin Grand Prix as well as Vegas, it is picking up.

“And there’s definitely more interest. It’s one of those things that if you spend the time on the products, you offer more markets, you give it the showcase that it deserves, then the punters will latch onto that.”

Pearce said the growth in F1 bets exploded over the last few years with the Las Vegas Grand Prix helping in 2023.

“The growth is definitely at least three times higher than when I first took the product over two years ago. And the Vegas Grand Prix has again really helped to grow the products,” he said. “Last year, it was the glitz and the sparkle. You don’t really get that from the more established grand prix. Obviously, the British Grand Prix at Silverstone was key globally and was the signature grand prix of the year.

“I think, last year, everybody was looking forward to Vegas more than the British Grand Prix and followed on into this year. So, yes, it’s growing, and I expect it to grow more as well. I think that year the turnout for the Vegas Grand Prix was three times that of Daytona, which obviously is an established U.S. race. If we offer the markets, it should grow even further.”

Lando Norris drives near the Sphere

McLaren driver Lando Norris of Britain drives past the Sphere during a practice session for the Formula One U.S. Grand Prix auto race Thursday, Nov. 21, 2024, in Las Vegas.  (AP Photo/Rick Scuteri)

MCLAREN’S ZAK BROWN TALKS MENTALITY IN TIGHT RACE FOR F1 CONSTRUCTORS’ CHAMPIONSHIP

There won’t be an American on the starting grid this year after Logan Sargeant’s time with Williams Racing abruptly came to an end this season.

But with the success and popularity of Netflix’s “Drive to Survive” docu-series, superstars like Max Verstappen and Lando Norris, who have international appeal in Europe and Asia, have helped become household names in the U.S.

“It’s a little bit of both, I think,” Pearce said of whether an American driver affects the betting market. “Last year, Logan Sargeant was on the grid. He was by far our biggest liability going into the race. He was a multimillion-dollar loser for us last year. So, when he was going into free practice and qualifying, there was a little bit of worry that something may fall into the race. Luckily, we dodged that bullet.

“Yes, the U.S. driver does help. And, that said, because of the recent Netflix series with F1, that’s helped to push the sport and the names within the sport. I think more people now do tend to know drivers outside of (Lewis) Hamilton, outside of, say, the past (Michael) Schumacher. They will know Lando Norris. They will know Carlos Sainz.”

Carlos Sainz drives

Ferrari driver Carlos Sainz of Spain drives during a practice session for the Formula One U.S. Grand Prix Thursday, Nov. 21, 2024, in Las Vegas.  (AP Photo/Rick Scuteri)

CLICK HERE TO GET THE FOX NEWS APP

The Las Vegas Grand Prix will begin at 1 a.m. ET Sunday for fans on the East Coast. Those on the West Coast and in the city for the race will see the race begin at 10 p.m. PT.

Follow Fox News Digital’s sports coverage on X and subscribe to the Fox News Sports Huddle newsletter.

Ryan Gaydos is a senior editor for Fox News Digital.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleAn extra sale on Microsoft Office
Next Article Texas AG sues Dallas for decriminalizing marijuana
Editor
  • Website

Related Posts

News

Space travel may accelerate the aging of stem cells by as much as 10 fold, study says

September 6, 2025
News

Steve Buscemi admits confusion over how to pronounce his own name

September 6, 2025
News

Humans are being hired to clean up AI’s mistakes

September 6, 2025
Add A Comment

Comments are closed.

Categories
  • Entertainment
  • Lifestyle
  • News
  • Sports
  • Tech
  • Travel
Recent Posts
  • How It Started at the 2009 MTV VMAs
  • Space travel may accelerate the aging of stem cells by as much as 10 fold, study says
  • Scientists find ‘something extraordinary’ in famous supernova’s troubled heart
  • Steve Buscemi admits confusion over how to pronounce his own name
  • Don’t expect AI Siri to debut at Sept. 9 Apple event
calendar
September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
Recent Posts
  • How It Started at the 2009 MTV VMAs
  • Space travel may accelerate the aging of stem cells by as much as 10 fold, study says
  • Scientists find ‘something extraordinary’ in famous supernova’s troubled heart
About

Welcome to Baynard Media, your trusted source for a diverse range of news and insights. We are committed to delivering timely, reliable, and thought-provoking content that keeps you informed
and inspired

Categories
  • Entertainment
  • Lifestyle
  • News
  • Sports
  • Tech
  • Travel
Facebook X (Twitter) Pinterest WhatsApp
  • Contact Us
  • About Us
  • Privacy Policy
  • Disclaimer
  • UNSUBSCRIBE
© 2025 copyrights reserved

Type above and press Enter to search. Press Esc to cancel.