LAS VEGAS, Oct. 14, 2013 /PRNewswire/ — With media pundits across every channel declaring we are still in a recession, here in Las Vegas it appears that the sports handicapping community is thriving. The biggest NFL handicapping contest called the LVH SuperContest had over a 1000 entrants this year up from a record number from last year of 745 with each entry costing $1500. Week 1 of the NFL season brought in a record amount of sports betting action, alongside record profits for the sports books.
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Jeff Allen, owner of Jeff Allen Sports whose selections were the first to win back-to-back LVH SuperContest Championships sees resurgence in the sports handicapping business "Information has never been so valuable. One or two details can be the difference between choosing the right side of a game or the wrong side. The general public typically lose when they sports bet, it is our job as handicappers to advise our clients and give them the edge they need to win. Business has never been better in Las Vegas."
Las Vegas is also benefitting from mobile wagering. Those within the state of Nevada are able to place sports bets from their smart phones using apps from companies such as William Hill and Cantor Gaming. Another positive trend is the reemergence of Jeff Allen Sports with Nevada being the first state in the union to legalize and regulate it. As of right now UltimatePoker.com and WSOP.com both have platforms set up for online poker with roughly a dozen other companies waiting in the wings.
New construction on the Strip is another indication that the city is heading in the right direction since several other projects have been abandoned a few years ago. Among the new construction set to open up in Las Vegas are new hotels SLS Las Vegas and Resorts World. The new hotel casinos are sure to bring in more gambling revenue and sports betting to the Strip, further benefitting the sports betting community.
Contact:
Tina Gallagher
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P: 702.472.7226