Sports Betting Industry Could See Boom Period As Soon As This Summer

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Although the current situation with the novel coronavirus has severely impacted the sports calendar, Michigan bettors can take solace in the fact that there is a silver lining waiting for them in the distant future.

Michigan gamblers have an optimistic prospect to look forward to: an array of betting options during the summer season when sports resume. The NHL and NBA playoffs could coincide with the commencement of Major League Baseball, serving as a delightful summer buffet for betting enthusiasts.

Michigan’s new sportsbooks could experience a bonanza this summer, as the typically slow sports calendar might become a reality.

In March, Greektown Hotel-Casino, MGM Grand Detroit, and MotorCity Casino debuted their sportsbooks in downtown Detroit, just before the outbreak of COVID-19 brought the sports industry to a halt. Additionally, a significant number of the state’s 23 tribal casinos plan to launch their own sportsbooks later this year.

Sportsbooks have the opportunity to thrive this summer as leagues may kick off without spectators. Therefore, placing bets at a sportsbook could be the ideal choice for sports enthusiasts.

US sports betting: Is there hope for hockey?

Canada’s largest city, Toronto, declared on Tuesday that all public events will be shut down until June 30. This announcement has further disrupted the country’s most beloved sport.

The NHL season is officially on a “pause,” with the league recently extending its advice for players to self-quarantine until April 15.

As per ESPN.com, the NHL had initially aimed to commence training camps in late April or early May. However, recent developments this week may potentially delay the expected timeline.

ESPN reports that the league is hopeful to complete its regular season in the event of a return.

FanDuel Sportsbook presents the Boston Bruins as the top contenders to win the Stanley Cup with odds of +600. They are closely followed by Tampa Bay (+700) and Colorado (+850).

The Detroit Red Wings are the sole NHL team eliminated from postseason contention among the locals. Currently, they have 39 points, which places them 23 points behind Ottawa, the second-worst team in the league.

US sports betting: What about hoops?

There are whispers circulating that certain individuals within the NBA are considering the calendar change as a favorable opportunity, potentially leading to a rearrangement of the league’s schedule in the future.

The proposal suggests a permanent change to begin Christmas events early, primarily to minimize competition from the NFL and to dominate the summer sports scene during playoffs.

In terms of resuming the suspended season, potential approaches include playing the games without spectators, hosting the league’s remaining matches in a neutral location like Las Vegas, and extending the NBA Finals into September.

According to Marc Stein of the New York Times on Chad Ford’s NBA Big Board podcast, there may be traces of optimism to be found if one searches diligently enough. However, alongside that, there exists a considerable amount of frustration and confusion.

DraftKings Sportsbook reveals that both the Milwaukee Bucks and Los Angeles Lakers share the status of being top favorites for the title, with odds of +250. Following closely behind is the LA Clippers, rated at +333.

With the fifth-best lottery odds, the Pistons are directing their attention towards the forthcoming NBA Draft amidst the suspension.

Back to baseball?

Baseball fans are experiencing a somber period as numerous cities would have otherwise commemorated Opening Day this past week, which traditionally signals the unofficial arrival of spring in many locations.

According to ESPN.com, the current projection suggests that players could potentially go to camp by mid-May, aiming for a comeback in early June. However, it is important to note that this optimistic outlook might be overly hopeful.

DraftKings predicts that the Los Angeles Dodgers hold the highest odds at +375 to win the World Series, followed by the New York Yankees at +400, and the Houston Astros at +550.

The Tigers, who held the title of MLB’s worst team in the previous season, currently share the longest odds in baseball (+75000) alongside Baltimore and Miami.

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