Golden Nugget’s Frown May Turn Upside Down If NBA Betting Ban Lifts

The NJ sports betting bill would change the policy that prohibits bets on a league if the casino held a 10% stake in a team, as Golden Nugget’s owner does.

Golden Nugget could soon have NBA betting at its sportsbooks and those of its online sports partners in New Jersey.

The state’s Assembly Appropriations Committee on Tuesday approved a proposed bill that allows any casino owner who holds a stake of 10% or more in any sports franchise to accept wagers on events within those leagues.

Simplified, Golden Nugget, whose owner Tilman Fertitta runs the  Houston Rockets, would be allowed to add NBA wagering to its NJ sports betting portfolio.

On Thursday, the bill passed the NJ Assembly. A companion bill in the Senate awaits action.

More on the proposed bill

Previously, the state did not allow casinos to offer betting on leagues in which owners held at least 10% of a stake in franchises competing in said leagues.

From the regulations:

“The direct or indirect legal or beneficial owner of 10 percent or more of a sports governing body or any of its member teams shall not place or accept any wager on a sports event in which any member team of that sports governing body participates.”

This new bill makes a subtle change. It simply deleted “or any of its member teams.”

Rather than casting a wide net and banning regulated betting on entire leagues in which casino owners have ownership interests, this bill narrows the focus.

A long-awaited NJ sports betting amendment

As a result of state restrictions, Golden Nugget, and its online sports betting partner BetAmerica, have gone without NBA action in its operation.

Interestingly, in Nevada, Golden Nugget is only prohibited from accepting wagers on games in which the Rockets play.

When New Jersey neared, and ultimately launched, regulated sports betting last summer, Golden Nugget hoped to convince legislators to craft similar rules.

Obviously, that did not happen.

Now, a year later, a proposed bill — which has mirroring legislation referred to the state Senate’s Wagering, Tourism & Historic Preservation Committee — would do just that.

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Restriction already played a role in the market

Fertitta’s property went without NBA wagering since its retail sportsbook opened in August 2018. Additionally, Golden Nugget’s online sportsbook, which launched earlier this year, falls under the same restriction.

The regulatory reach extends to partner brands, as well, which includes BetAmerica Sportsbook.

As such, for the entirety of the 2018-2019 NBA season, Golden Nugget’s NJ online gambling revenue did not include NBA betting. Golden Nugget’s sports betting revenue was less than $30,000 in May 2019 when the NBA post-season was in full play.

Recall that an original online sports betting partner of Golden Nugget, SugarHouse Sportsbook, jumped ship and teamed with Monmouth Park last fall.

According to reports, such a decision came down due to the state’s prohibition of NBA wagering imposed on Golden Nugget and its partners.

New Jersey Sports Betting Has Strong May Courtesy Of A Growing Online Takeover

Sports betting handle in New Jersey hit $318.9 million in May with revenue of $15.5 million. But online sportsbooks like FanDuel are the real hot spot.

Nearly one year ago to the day, sports betting in New Jersey began. Already, the industry has turned heads, particularly when it comes to online wagering.

And once again, the state’s online sportsbooks continued to carry the sports betting load in May.

According to financials released by the NJ Division of Gaming Enforcement on Wednesday, retail and online operators in New Jersey accepted $318,940,677 in wagers last month, translating to $15,536,384 in revenue.

To put it another way, the May handle in NJ was bigger than Nevada’s May 2018 handle.

And of that handle, more than $263.5 million came via online sportsbooks.

Accounting for 82.6% of the industry’s overall handle, and 88% of overall revenue, online wagering inched closer to total control of the NJ sports betting industry.

Online sports betting taking over in NJ

In a month featuring chalky NBA playoffs and NHL postseason games, overall sports betting revenue took a hit in New Jersey.

Last month’s $15.5 million in revenue reflects a nearly $6 million drop-off from April. Of course, compared to online casinos, sports betting is a much more volatile industry. Month-to-month comparisons are not as effective at telling a story.

The wagers, however, continue to come pouring in. Particularly via online sportsbooks.

For the fourth-straight month, online operators accounted for more than 80% of the overall handle in New Jersey. At 82.6% of the total handle, May featured the highest percentage of bets made with NJ online sportsbooks.

To boot, the $263.5 million in mobile wagers stands as the third-most made since online betting began in August 2018.

If this trend stays on track, it would not be surprising to see online sports betting in New Jersey account for more than 85% of the monthly handle by football season.

But what about retail revenue?

Brick-and-mortar sportsbooks have struggled to keep pace with their online counterparts.

May proved no different.

At $1,816,825, last month’s retail revenue sits as the second-lowest total since NJ sports betting launched in June 2018.

Even handle has taken a dive at retail sportsbooks. The $55,388,358 in bets made at land-based properties is the state’s lowest since July 2018.

Meadowlands Racetrack, which had never before reported less than $1 million in monthly revenue, totaled $796,469 in May. Monmouth Park had the second-highest total: $537,593.

But it should be noted that retail sports betting revenue is not the same as online.

Simply having on-site sportsbooks allows for casinos and racetracks to attract more guests, who then spend more money on other games and on food and beverage.

FanDuel continues to crush

A new year means a new you, right? That certainly seems to be the case in the race between NJ sports betting leaders FanDuel Sportsbook and DraftKings Sportsbook.

In 2018, DraftKings reigned over the online industry, helping license holder Resorts Atlantic City total $30.4 million in revenue. Launched a month later, FanDuel’s partner Meadowlands ended the year with $15.2 million.

This calendar year, however, the tables have turned.

Over the first five months of 2019, Meadowlands (FanDuel) has accumulated $42,399,938 in revenue, nearly $16 million more than its chief online competitor.

However, the online revenue for Resorts includes DraftKings, Resorts Sportsbook, and BetStars. Meadowlands’ online revenue includes FanDuel and PointsBet. It is generally believed that DraftKings and FanDuel make up the lion’s share of their partner’s revenues.

In a statement, FanDuel did note that its retail revenue was down:

“The FanDuel Sportsbook remains the clear market leader. Our  numbers at retail are down a tick, due to many retail customers winning big this month. We encourage fans to come to our fantastic venue at the bew Meadowlands to see the champions crowned in the NBA, NHL and Women’s World Cup in June.”

DraftKings led the online industry in revenue for the first five months of its existence; FanDuel has taken over, doing the same in each of the past four months.

Interestingly, in terms of lifetime revenue, the race is tight:

  • Meadowlands (FanDuel, PointsBet): $57,651,167
  • Resorts (DraftKings, BetStars, Resorts Sports): $57,188,476

NJ sports betting revenue breakdown

Here’s a closer look at the New Jersey sports betting revenue numbers by retail operators and their online partners:

Property (Online)Online RevenueRetail RevenueMay Total
TOTAL$13,719,559$1,816,825$15,536,384‬
Bally's (Caesars, 888)$235,674$119,583$355,257‬
Borgata (playMGM, Borgata Sports)$119,054$50,768$169,822
Golden Nugget (BetAmerica, GN Online)-$16,957$46,688$29,731
Hard Rock (Hard Rock online)-$39,064$135,167$96,103‬
Harrah's-----$67,115$67,115
Meadowlands (FanDuel, PointsBet)$7,865,591$796,469$8,662,060‬
Monmouth (William Hill, SugarHouse)$817,499$537,593$1,355,092‬
Ocean Resort (William Hill)$625,785-$21,891$603,894‬
Resorts (DraftKings, BetStars, Resorts Online)$4,103,394-$12,138$4,091,256
Tropicana (William Hill)$8,583$97,471$106,054‬

Online dominates, and still more to come

As the story has gone since September 2018, online sports betting in New Jersey has carried the load for the state’s industry. In 2019 alone, mobile products have accounted for nearly 80% of all wagers made in the Garden State.

The state offers a wide array of online sportsbooks, as 14 platforms exist in New Jersey.

Yet that group will expand soon.

Joe Lupo, president of Hard Rock Atlantic City, told NJ Gambling Sites last week that two of his property’s online skins, Unibet and Bet365, could enter the scene in the near future.

“We hope to see Unibet here pretty soon,” Lupo said. “I will just say, in the next 30 days. And we hope to see Bet365  before football season.

Unibet has already opened up shop in New Jersey, launching its online casino earlier this month to become the 21st online casino in New Jersey.

Add in TheScore, which continues to note a pending launch for its sportsbook, and the online sports betting scene in the state should include three new skins before football season.

Clearly, there is no restraint on NJ sports betting.

Online Betting Finally Gives New Yorkers A Reason To Come To New Jersey

During a NY sports betting hearing, FanDuel noted that 25% of New Yorkers use their app and drive south for legal sports betting in New Jersey.

Over the past three months, around 80% of all New Jersey sports betting handle has come via online sportsbooks.

Such a meteoric rise took center stage at a public hearing to discuss the legalization of sports betting in New York on Wednesday. Particularly as it relates to New Yorkers’ participation in NJ sports betting.

FanDuel Sportsbook testified that a quarter of its online bettors in the Garden State registered with New York addresses.

Additionally, GeoComply Vice President of Regulatory Affairs Lindsay Slader noted that 44% of users attempting to log into a New Jersey app from outside the border hail from New York.

Essentially, these panelists explained, NJ sports betting has soared thanks in large part to out-of-state users — specifically those from the Empire State.

New York’s delay is New Jersey’s gain

Early into the meeting of the Senate Standing Committee on Racing, Gaming and WageringSen. Joseph Addabbo shared a bold claim:

New York residents, he noted, deserve some credit for the massive success of NJ sports betting.

As the hearing went on, the testimony of panelists seemed to support Addabbo.

According to FanDuel, as much as 25% of its online NJ sports betting activity can be attributed to New Yorkers. (FanDuel Sportsbook, it should be noted, has become the NJ sports betting leader.)

Slader then testified that about 8% of unique user accounts across all NJ sportsbooks come from New York.

She added, though, that GeoComply, the geolocation company used to ensure gambling occurs within state lines, is “actively blocking play” from users attempting to wager outside New Jersey.

Out-of-staters swell in NJ sports betting

In late 2018, Slader said that about 80% of all geolocation hits in New Jersey come within 10 miles of the state border. To boot, about 44% of users appear within 2 miles of the state line.

At the time, FanDuel Sportsbook estimated that 10% of its online customers hailed from New York, a number similar to the total boasted by DraftKings Sportsbook.

According to the hearing, that number has climbed.

While that 44% estimate of New Yorkers attempting to wager outside NJ certainly opens eyes, Slader hinted that more NY residents utilize the burgeoning NJ sports betting industry in other ways.

“We don’t know who these players are. We don’t know where they live,” Slader said during Wednesday’s hearing. “I think FanDuel had mentioned that it was based on people’s registered addresses.

“So there’s plenty of people, I’m sure, that live in New York that are traveling over to New Jersey, but they just never tried to get in from New York. Therefore, we would not see that attempt from New York in our data.”

Will NY sports betting affect NJ industry?

Sports betting handle and revenue in New Jersey has continued to grow, even after nearby Pennsylvania debuted its legalized industry.

Within the next few weeks, PA online sports betting should launch, potentially further attracting business away from New Jersey.

So, how much of an effect on NJ sports betting will the legalization of the industry in New York have, if it happens?

Late last year, Slader expressed doubt that much would change in the Garden State.

“I don’t know if it’s going to change,” she said, “because we don’t know how the product will differ between the PA operators and the NJ operators and who the people are that we locate.”

Then again, Slader added, online wagering in nearby states could have an impact on NJ sports betting.

“Certainly, for some players in PA who currently shuttle to NJ to place their bets, they may do so less frequently when they have easier options from their side of the border. But it may well be that the products are differentiated enough between PA and NJ operators that there is still some ‘shopping and hopping’ from players wishing to get the best of both worlds.”

NJ Sports Betting Hauls In $106 Million Handle From 2019 March Madness

All told, after three weeks of betting action on the NCAA Tournament in 2019, New Jersey sportsbooks won $10 million in revenue on $106 million in bets.

The anticipation of March Madness betting began months ago for sports betting in New Jersey.

After all, last month, for the first time outside of Nevada post-PASPA, legalized wagering on the ever-popular NCAA Tournament began in earnest.

Now, those rewards have come to light.

The NJ Division of Gaming Enforcement released March Madness data at the Betting on Sports America conference.

According to the DGE, NJ sportsbooks took in more than $100 million in wagers during the tourney, resulting in more than $10 million in revenue.

Breaking down March Madness betting

For years, most college basketball fans had to settle for office pools or family bracket challenges.

In 2019, that began to change.

And New Jersey certainly reaped the benefits of legalized betting on the 2019 NCAA Tournament, despite prohibiting operators from accepting wagers on games involving state teams.

According to the DGE, land-based and online sportsbooks in the Garden State accepted some $106 million in wagers during March Madness, which spanned March and April.

Operators held about 10% of tournament bets, resulting in just a bit more than $10 million in revenue.

March Madness vs. other NJ sports betting seasons

The DGE also reported at the conference that bettors laid down $182 million during the 2018 college football season. That figure, to no surprise, was $130 million more than total handle during the college basketball regular season.

Certainly, football reigns supreme with sports betting. And the above overall handle for college football does not include the big stage of the final stretch of bowl games, including the national championship, which took place in January.

Regardless, the popularity of college basketball took off, as it should, during March Madness.

Consider, after all, that the public wagered more than $100 million across 67 games.

March Madness betting boosts March revenue

The NJ sports betting industry has yet to hit its first anniversary. Still, no other month in the industry’s nine-month history even came close to March.

Retail and online sportsbooks in the state combined for a whopping $31.7 million in NJ sports betting revenue from $372.5 million in wagers.

That revenue total nearly doubled the state’s next-highest monthly total of $18.8 million in January. (The March handle ranks second to January.)

As the 2019 March Madness event tipped off, NJ operators already began seeing the effect of March Madness.

At FanDuel Sportsbook, for example, the opening weekend of the tourney included the property’s biggest Friday in terms of handle. And the weekend became FanDuel’s second-biggest ever, just behind the Super Bowl.

Additionally, PointsBet NJ needed little time to determine that “March Madness lived up to the hype,” according to Ron Shell, PointsBet’s vice president of customers and insights.

“In four days we turned over millions of dollars with thousands of unique customers and handle per game, only second to the Super Bowl.”

NJ Sports Betting Rules Do Not Allow Public To Enjoy All Of March Madness

It may not have mattered for March Madness 2019, but what if Seton Hall or FDU made it to the Final Four? Legal NJ sports betting would’ve been out of luck.

Editor’s note: This is an opinion article. 

New Jersey has a gambling problem. But not in the way you’re thinking.

It’s more about its approach to NJ sports betting and legal wagering on collegiate sports. More specifically, at least for this time of the sports calendar, as it relates to March Madness betting.

The NCAA Men’s Basketball Tournament has tipped off. Over the next three weeks, 67 games will decide the national champion.

Sportsbooks in Nevada and Pennsylvania, among other states, expect to draw ample business, hopefully, to make up for a down February courtesy of an underwhelming Super Bowl.

New Jersey, though, will not have the whole gamut of March Madness games.

The state’s 10 retail and 13 mobile sportsbooks are prohibited from offering betting markets involving NJ teams or games.

Here. Lies. The problem.

NJ sports betting prohibits betting on NJ

When Gov. Phil Murphy signed the bill into law legalizing wagering in the Garden State, he signed off on several provisions.

  • Bettors must be at least 21 years old.
  • Athletes, coaches, referees and “other persons with potential influence or access to non-public information regarding sporting events” are prohibited from placing wagers on events overseen by the leagues in which they participate.
  • Wagers on high school events or collegiate events held in New Jersey or involving New Jersey teams will not be accepted.

The last of the three stand out, specifically the collegiate aspect.

Sportsbook operators in the state cannot offer wagers on teams located in New Jersey. They also cannot take bets on events staged in the state. (To be fair, Nevada had a similar regulation years ago. That has since changed.)

Even when NJ sports betting became legal, that bit of regulation appeared, well, interesting. A purpose of legalizing wagering, after all, is to capture those who use illegal means of betting.

This regulation, however, still allows offshore operations to offer something New Jersey does not.

During March Madness, the spotlight shines brighter on this prohibition.

March Madness betting should be popular

This is not a hot take: March Madness is a big deal. Like, a big deal. Rivaled only by the Super Bowl, the NCAA Tournament stands as one of the most popular, most-watched and most-wagered-on events in America.

A recent survey from the American Gaming Association concluded that some 18 million adults would lay bets on the tournament. Of that total, a mere 4.1 million will use legal online or retail sportsbooks.

Bill Miller, AGA president and CEO, noted in a release that “sports fans are expected to bet 40 (percent) more than they did on this year’s Super Bowl.”

These figures, he adds, “indicate there’s still work to do to eradicate the vast illegal sports betting market in this country.”

New Jersey was, and still is, not doing its part.

NJ sports betting driving bets away

David Rebuck, director of the NJ Division of Gaming Enforcement, has long hunted the illegal sportsbooks.

“It’s not going to be easy, but you can never let (illegal sports betting websites) just get a pass,” he said. “In the future, I see that being a major initiative for the regulated markets to work to figure out the best ways to go after people.”

Well, here is that opportunity.

Because the non-NJ teams rule, at this time of year, is just driving bettors toward out-of-state — even offshore — sportsbooks.

This is not to say that No. 16-seeded Fairleigh Dickinson, a 28-point underdog, had any chance against top-seeded Gonzaga. (Although, No. 16 UMBC gave the country hope last year.)

But No. 10 Seton Hall, a runner-up in the Big East tournament, could’ve made a Cinderella run. (Neither team made it past the first round.)

Even so, NJ residents couldn’t take advantage.

Two days ahead of Selection Sunday, the DGE released a statement reiterating the state’s law.

“The NJ Constitution prohibits any sports wagering on New Jersey collegiate teams whatsoever. Sportsbook operators must advise customers of this prohibition when wagers are accepted on collegiate tournament events that include New Jersey teams.”

For the first time since legalized sports betting began in the Garden State, the exclusionary rule came into play in a real way.

How the regulation affects bracket contests

Start with traditional NJ sports betting. Sportsbooks outside New Jersey obviously listed Seton Hall and Fairleigh Dickinson as underdogs.

SugarHouse Sportsbook in nearby Philadelphia, for example, listed the Pirates at +118 to win outright against Wofford. In Las Vegas, William Hill paid +3000 for a Fairleigh Dickinson victory.

For the first time in history, some bettors might’ve actually considered more strongly taking a No. 16-over-No. 1 upset.

And what a payday it would’ve been. But only outside of New Jersey.

What has rolled out in the state, however, are bracket pools.

DraftKings Sportsbook introduced its DraftKings Brackets feature, which includes a paid entry pool for NJ residents and a free-to-play pool for anyone in the country.

Because users lay down money for the paid pool, DraftKings Brackets does not allow them to make a pick in games involving NJ teams. Even its free-to-play pool bars players from doing so.

Surely that was just a safety measure for DraftKings. (Nobody wants to be in a position Caesars Entertainment was in last fall.)

That said, FanDuel SportsbookSugarHouse Sportsbook, and Caesars Sportsbook NJ have free-entry bracket pools that allowed users to select NJ teams.

Why the regulation should change

This prohibition prevents customers from fully enjoying the experience, whether that be related to legal sports betting or filling out a bracket.

The value of Seton Hall at a betting window could draw more action after all. And the joy of predicting, and eventually bragging about, a deep tourney run by the Pirates (or a 16-over-1 upset by FDU) goes unmatched.

Consider, too, what this regulation would do if New Jersey returns as a host site for one of the tournament weekends. Should that occur, and if this regulation is still in place, NJ sportsbooks would not be able to accept bets on six games.

Fortunately, state bookmakers do not have to worry about that just yet.

The NCAA has already set sites through the 2022 tournament, and New Jersey is not included. NJ has essentially been blackballed since it began the process of legalizing sports betting eight years ago.

New Jersey, though, wants the tournament to return. If so, the state needs to revisit its regulations.

Make a NJ sports betting compromise, at least

This is not to suggest the NJ Legislature should eliminate the “no NJ teams and games” rule completely. It’s a good rule. And let’s be reasonable: It likely won’t happen with a snap of a finger. At least in the interim.

What New Jersey should do, however, is look toward New Hampshire.

The state is currently considering a bill to legalize sports betting. Among its regulations is a section called “prohibited sports event.”

Within it are similarities to New Jersey. More important, though, is an addendum NJ should seriously consider if it won’t rid its books of the non-NJ teams and games regulation.

Like New Jersey, New Hampshire would prohibit wagering on high school events and collegiate teams and events held within its borders.

Here is the bit New Jersey should consider:

“… provided that “prohibited sports event” does not include the games of a collegiate sports tournament in which a New Hampshire college team participates, nor does it include any games of a collegiate sports tournament that occurs outside New Hampshire even though some of the individual games or events are held in New Hampshire …”

Basically, New Hampshire bars betting on its state teams or events held in the state. Come March Madness, however, that prohibition is lifted.

Take note, New Jersey. Allow the masses to enjoy all of March Madness. Not just pieces.

DraftKings Sportsbook Adds Intrigue With March Madness Bracket Contest

DraftKings Sportsbook launched a March Madness bracket contest in NJ plus a nationwide free-to-play bracket contest with $164K in total prizes.

Back in the day, apple pie and baseball represented the all-American experience.

Today, especially this time of year, it’s all about filling out March Madness brackets.

The sheer joy of bragging about a predicted upset. The glee that comes with boasting about sitting atop your pool after each game. The feeling of invincibility when you actually win.

Now, DraftKings Sportsbook in New Jersey is adding a monetary reward to the mix.

In a first-of-its-kind legal offering, at least outside of Nevada, DraftKings on Tuesday announced the launch of DraftKings Brackets ahead of the NCAA men’s basketball tournament.

With it, users can fill out brackets and earn cash for correct picks.

How to play DraftKings Sportsbook bracket contest

As NJ online sports betting continues to grow, DraftKings continues to find ways to stay ahead of the game.

With DraftKings Brackets, users have the option to enter public or create private contests prior to the tournament, which is scheduled to tip off with the First Four on March 19.

Customers anywhere in the nation can choose to enter a free-to-play bracket at a shot at $64,000 in prizes, and players in New Jersey have the option to purchase a $20 bracket for a chance at $100,000.

Fans can also enter public contests or create private ones at the beginning of the tournament or join the Round of 32 or Sweet 16.

According to the DraftKings announcement, more offerings could be on the way, too.

“College basketball and sports betting fans alike can expect more contests to open prior to the beginning of the tournament, too. Using the app’s ‘Reserve A Seat’ function, players can hold a spot in various contests until the teams are selected on March 17.”

Where to find DraftKings March Madness brackets

“To provide customers with the most complete tournament experience available,” the announcement stated, Brackets will be integrated within the DraftKings Sportsbook via the app on iOS and Android.

From the press release:

Using the app’s “Reserve A Seat” function, players can hold a spot in various contests until the teams are selected on March 17.

The actual bracket contest is available via the DraftKings Sportsbook app only but you can reserve a seat via the browser ahead of Selection Sunday.

draftkings bracket contest nj sports betting

“As American sports fans during March Madness, we are all playing bracket contests with our friends, family, and co-workers,” DraftKings co-founder Matt Kalish said in the release. “By launching Brackets on DraftKings Sportsbook, we are bringing the number one-way fans to engage with March Madness to the biggest stage — DraftKings’ industry-leading fantasy sports and sportsbook apps.”

What if NJ college teams are selected?

New Jersey law prohibits sports bets on any New Jersey college team, regardless of whether the games are played within the state or elsewhere.

In a statement, the NJ Division of Gaming Enforcement clarified this point:

“The NJ Constitution prohibits any sports wagering on New Jersey collegiate teams whatsoever. Sports book operators must advise customers of this prohibition when wagers are accepted on collegiate tournament events that include New Jersey teams.”

If Seton Hall or any NJ college team does make it to the First Round of play, you can bet there will be no betting on those games even if it’s in a bracket contest such as the one DraftKings has planned.

Thousands of dollars up for grabs

The free-to-play pool limits users to one entry per person, while the paid entry for New Jersey residents allows users to create up to 16 entries.

As for distribution, the free-to-play pool pays out the top 6,475 places, including the top five finishers:

  • First: $5,000
  • Second: $3,500
  • Third: $2,500
  • Fourth: $2,000
  • Fifth: $1,500

The big tournament spreads winnings out among the top 1,195 places, highlighted by the top-five payouts:

  • First: $20,000
  • Second: $10,000
  • Third: $7,000
  • Fourth: $4,000
  • Fifth: $2,000

DraftKings adds more to its top product

Since online NJ sports betting launched last August, DraftKings Sportsbook has been the trendsetter.

Through January, the company accumulated $37,323,647 in NJ sports betting revenue, representing nearly 54 percent of the mobile industry’s overall total.

Aside from the Super Bowl, March Madness attracts arguably the most attention nationwide. Certainly, then, DraftKings wants to capitalize on it.

It did so last month when it introduced Big Game Squares for the NFL’s biggest game of the year.

Of course, DraftKings Sportsbook still offers March Madness betting:

To reach the Final Four

TeamOdds
Duke -200
Gonzaga-118
Virginia+100
Kentucky+200
Michigan State+200
North Carolina+200
Tennessee+200

To win the national championship

TeamOdds
Duke+250
Gonzaga+550
Virginia+600
Kentucky+1200
Michigan State+1200
North Carolina+1200
Tennessee+1200

Now, though, fans can dive even further into tournament action, courtesy of DraftKings Brackets.