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US Gambling Sites / News / How Las Vegas Is Making The Most Out Of March Madness Losses

How Las Vegas Is Making The Most Out Of March Madness Losses

Josh Schwartz
Josh Schwartz
Publish Date: 30/05/2021
Fact checked by: Mark Lewis

The spread of coronavirus is affecting us all in so many ways, and the betting industry is no exception. The crisis has happened during what would usually be Las Vegas casinos’ busiest time – March Madness. During this yearly NCAA basketball championship tournament, an incredible amount of money is wagered, won, and lost.

Normally at this time, bookmakers would be super busy handling action for each round of games as 64 teams are whittled down to one winner. Unfortunately, this won’t be the case this year. As we already know, the sports world has shut down to help stop the spread of COVID-19, with the NBA, NHL, and MLS suspending their seasons and NCAA canceling March Madness.

Casinos have gotten pretty creative in trying to combat the losses they’ll inevitably face from the lack of March Madness. The plan is to look to the future and allow people to bet on events like the World Series and the Super Bowl. We know these major sporting events will take place eventually when all of this is over.

Niche Sports: Time To Shine

You’ve also got people like Chris Andrews, the sportsbook director at the South Point Hotel Casino & Spa, making the most of the situation. He was amused by the sheer amount of people betting on the Brazilian UFC, despite not knowing much about it. After all, if you have plenty of free time, then you can spend time doing your research on the rules and odds. Casinos are also offering bets on Australian Rules football, Australian rugby, and Mexican league soccer.

Of course, there are casinos that have had to close their doors. Some casinos are sadly having to let their employees go, although they are doing all they can to prevent this. Some staff will take their well-earned vacation time, for example, and this is a good way to save the casinos from closing their sportsbooks. And the great thing about some casinos is that they can offer online bets, seeing as we won’t be venturing out anytime soon.

That’s where casinos like William Hill come in, as they offer mobile betting for their customers. If you want to bet online all you have to do is download the app for your chosen casino. Plus the online casinos are also trying to find more sports events for people to bet on.

As you can see, casinos in Las Vegas are doing all they can to maintain normalcy for their customers. The message is clear: we will get through this.

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