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Sports bettors are undeniably captivated by the NFL Draft, as it serves as a significant attraction.
The previous year was significant as it introduced online sports betting for the three-day event for the first time.
There was some confusion regarding the timing of when bets can be placed prior to the commencement of the NFL Draft.
The Michigan Gaming Control Board has made adjustments to its rules for the 2022 NFL Draft, which is great news.
Wagering legal up until start of NFL Draft
The MGCB sports wagering catalog for the NFL Draft last year specified the following rule: “In the case of an authorized player draft, betting on the draft will cease at the end of business hours (11:59pm) on the day preceding the draft.”
This indicated that bets had to be ceased by 11:59 p.m. on the day before the NFL Draft.
Despite it being Day 1 of the 2021 NFL Draft on Thursday, April 29, 2021, Fox Bet Sportsbook and PointsBet Sportsbook continued to accept bets.
Starting this year, a modification has been made to permit betting until the commencement of the NFL Draft on Thursday at 8 p.m. ET.
Mary Kay Bean, the Communications Specialist for the MGCB, states that betting on the player draft must cease at the designated start time of the draft, as per the approved guidelines.
Each day of the draft allows for second and third-round betting until Friday at 7 p.m. ET. Betting on the final four rounds can be done until Saturday at Noon ET.
NFL Draft Live Betting Still Prohibited
Although it is possible to place bets on the day of the NFL Draft, it is advisable not to get too excited about making live bets.
Sports bettors are unable to take advantage of potential trades or surprising draft picks that might alter the projected outcomes.
In the future, there is a possibility for change as it is highly likely to attract sports bettors who closely follow the entire draft.
The occurrence of these challenges can be attributed to factors such as the NFL Draft timing and the availability of information to teams and players before it becomes public knowledge accessible to the public and sportsbooks.
The NFL Draft is characterized by numerous intricate components once it is underway, making it a highly complex process.
Make sure to check out our Detroit Lions Draft Guide for the latest odds on top picks in the NFL Draft and mock projections specifically for the Detroit Lions.
