Caesars Sportsbook Nba 2020 Odds
One of the best features on the NBA Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. The Bucks have the best record in the NBA and are currently favored to win the 2020 NBA Finals at DraftKings Sportsbook in NJ. Rounding out the top 5 teams to win the NBA Championship is the Houston Rockets at 12/1 odds and the defending champion Raports at 20/1 odds. There is always variance between the NBA futures odds offered at NJ sportsbooks.
The two biggest mobile sports betting markets in the US ended a record-setting 2020 by hitting new monthly revenue highs.
December online sports betting in New Jersey capped off a year that set the gold standard in the legal US sports betting market. Pennsylvania capped off 2020 on a streak of staggering growth through the final quarter of the year.
Both states ended up with new monthly mobile sports betting revenue records in December. Barstool Sportsbook took the No. 1 spot in Pennsylvania for the first time, and that could be a sign of things to come for the newest big player in sports betting.
New Jersey Online Sports Betting Revenue December 2020
| Retail Operator | Online Skins | December 2020 Revenue | Month-Over-Month Change | YTD Revenue | Year-Over-Year Change |
|---|---|---|---|---|---|
| New Meadowlands Racetrack | FanDuel Sportsbook, PointsBet | $29,015,692 | +36.9% | $183,922,346 | +70.5% |
| Resorts Digital Gaming | DraftKings Sportsbook, FOX Bet, Resorts | $15,424,294 | +5.3% | $100,947,837 | +43.6% |
| Borgata Hotel Casino | Borgata Sports, BetMGM | $6,262,470 | +364.0% | $25,924,078 | +541.5% |
| Darby Development (Monmouth Park) | Monmouth Park Sportsbook by William Hill, SugarHouse, TheScoreBet | $3,294,837 | +74.8% | $20,110,306 | +22.8% |
| Ocean Casino Resort | William Hill Sportsbook at Ocean Casino | $3,189,729 | -10.5% | $18,910,732 | +50.4% |
| Hard Rock Atlantic City | Hard Rock, Bet365, Unibet | $562,188 | +54.8% | $5,719,017 | +103.1% |
| Boardwalk Regency | Caesars Sportsbook*, 888 Sport*, WynnSports* | $489,141 | N/A | $2,587,166* | -45.8% |
| Golden Nugget | Golden Nugget, BetAmerica | $343,849 | +72.2% | $1,110,430 | -18.4% |
| Tropicana Casino & Resort | William Hill Sportsbook Tropicana Atlantic City | $108,427 | +3.2% | $721,891 | +218.4% |
| Totals | $58,690,627 | +34.3% | $359,953,803 | +64.4% |
*formerly under the Bally’s Park Place license
New Monthly High Caps Off Record-Setting Year In New Jersey
New Jersey’s online sportsbooks finished the year with a new monthly revenue record. Mobile sportsbooks in New Jersey earned $58,690,627 as the NFL season hit the home stretch and the new NBA campaign began.
Combined retail and mobile betting handle nearly topped the $1 billion monthly mark for the first time, coming up just short at $996.3 million. Of that total, $929.3 million came from mobile wagering.
Online sports betting in New Jersey drew nearly $360 million in revenue for 2020, by far the most of any US state. New Jersey topped the monthly revenue list in all 12 months of the year, and at this point, stands as the undisputed market leader for legal US mobile sports betting.
Online sportsbooks gained 34.3% from November and 64.4% in year-over-year revenue versus 2019. New Meadowlands Racetrack (FanDuel Sportsbook, PointsBet) and Resorts Digital Gaming (DraftKings Sportsbook, FOX Bet, Resorts Sportsbook) combined to take nearly 80% of New Jersey market share in 2020.
The monthlyhandle andrevenue breakdowns from the New Jersey Division of Gaming Enforcement offer detailed information on the state’s record-breaking year in sports betting.
Pennsylvania Online Sports Betting Revenue December 2020
| Retail Operator | Online Skins | December 2020 Revenue | Month-Over-Month Change | YTD Revenue |
|---|---|---|---|---|
| Hollywood Casino at Penn National | Barstool Sportsbook | $13,880,692 | +297.9% | $17,520,443 |
| Valley Forge Casino Resort | FanDuel Sportsbook | $7,053,490 | -53.2% | $74,474,556 |
| The Meadows | DraftKings Sportsbook, | $5,373,015 | -22.0% | $35,219,786 |
| Parx Casino | Parx Sportsbook | $1,971,634 | -4.0% | $15,118,411 |
| Mount Airy Casino Resort | FOX Bet | $1,840,166 | +19.5% | $10,672,964 |
| Rivers Pittsburgh | BetRivers Sportsbook | $1,622,379 | +66.3% | $11,414,297 |
| Rivers Philadelphia | SugarHouse Sportsbook | $1,040,656 | +13.5% | $12,417,100 |
| Mohegan Sun Pocono | Unibet Sportsbook | $86,200 | -55.7% | $1,876,543 |
| Hollywood Casino Morgantown | BetMGM | $33,148 | N/A | $33,148 |
| Harrah’s Philadelphia | Caesars Sportsbook | $15,700 | -73.0% | $319,859 |
| Presque Isle Downs | BetAmerica | -$7,840 | -190.8% | $282,916 |
| Wind Creek Bethlehem | Wind Creek Sportsbook | -$16,619 | N/A | -$16,619 |
| Totals | $32,892,621 | +5.5% | $179,333,404 |
Barstool Sportsbook Leads Year-End Surge For Pennsylvania Mobile Wagering
Pennsylvania’s online sportsbooks found unprecedented success in the fall 2020 sports season. The Keystone State saw its mobile sports betting apps earn $179.3 million in revenue for the year, with $94.5 million (52.7%) of that figure coming in the final three months of 2020.
Online sports betting set new monthly highs in both October and November, and both of those marks were eclipsed in December.
Barstool Sportsbook came in at No. 1 in the monthly revenue rankings for the first time. Operating under the Hollywood Casino license, Barstool Sportsbook earned $13,880,692 in December, good for 42.2% of monthly market share.
Since debuting in September, Barstool has rapidly established itself as one of the biggest players in the Pennsylvania market. FanDuel Sportsbook ended 2020 at the top of the annual revenue list, followed by DraftKings Sportsbook.
The Pennsylvania online sports betting market hit its stride in the final months of 2020, and Pennsylvania stands as the No. 2 mobile sports betting market in the US. The monthly revenue reports from the Pennsylvania Gaming Control Board can be viewed here.
Caesars Sportsbook Nba 2020 Odds Football
Indiana Online Sports Betting Revenue December 2020
| Retail Operator | Online Skins | December 2020 Revenue | Month-Over-Month Change | YTD Revenue |
|---|---|---|---|---|
| Ameristar Casino | DraftKings Sportsbook, theScore Bet | $5,214,897 | -26.5% | $48,691,523 |
| Blue Chip Casino | FanDuel Sportsbook | $5,006,329 | -35.1% | $35,289,144 |
| Belterra Casino | BetMGM | $2,875,569 | +29.8% | $9,926,293 |
| Hollywood Lawrenceburg | PointsBet | $1,243,577 | +56.5% | $3,747,562 |
| French Lick Resort | BetRivers Sportsbook | $803,868 | +21.7% | $4,688,522 |
| Tropicana Evansville | William Hill | $632,634 | -7.8% | $1,383,962 |
| Horseshoe Hammond | Caesars Sportsbook, Unibet | $136,178 | +126.6% | $463,989 |
| Rising Star Casino | TwinSpires | $14,505 | +31.8% | $47,654 |
| Totals | $15,927,557 | -17.2% | $104,238,649 |
Indiana Online Sportsbooks Top $100 Million Annual Revenue Mark
Indiana mobile sportsbooks declined 17.2% in month-to-month revenue, but December still marked the third-highest revenue earning month of the year.
DraftKings Sportsbook took the top spot in the December revenue rankings and ended 2020 as the top-earning online sportsbook in Indiana for the year. DraftKings and FanDuel combined accounted for 75.7% of 2020 market share.
December revenues put Indiana’s mobile sportsbooks over the $100 million mark for the year. The Hoosier State represents one of the top six mobile sports betting markets in the US.
The monthly revenue breakdown from the Indiana Gaming Commission can be viewedhere.
Iowa Online Sports Betting Revenue December 2020
| Retail Operator | Online Skins | December 2020 Revenue | Month-Over-Month Change | YTD Revenue |
|---|---|---|---|---|
| Prairie Meadows | William Hill Sportsbook at Prairie Meadows | $1,530,697 | -11.2% | $9,990,462 |
| Wild Rose Casino | DraftKings Sportsbook | $987,025 | +57.1% | $4,340,096 |
| Caesars Entertainment | William Hill | $822,967 | -5.6% | $4,383,736 |
| Elite Casino Resorts | Elite Sportsbook | $535,180 | -13.2% | $3,599,245 |
| Diamond Jo Casino | FanDuel Sportsbook | $361,418 | -66.5% | $2,383,895 |
| Hard Rock Casino | Hard Rock Sportsbook | $147,978 | +42.0% | $718,230 |
| Catfish Bend Casino | PointsBet | $110,405 | -28.4% | $658,427 |
| Lakeside Hotel Casino | William Hill Sportsbook at Lakeside Hotel Casino | $98,198 | -16.9% | $644,931 |
| Q Casino | Q Sportsbook | $20,020 | -455.8% | $299,610 |
| Totals | $4,613,887 | -12.8% | $27,130,717 |
William Hill Reigns Supreme In Iowa
William Hill persisted as the No. 1 online sports betting operator in Iowa throughout the year. The sports betting giant offers mobile wagering under three different licenses in the Hawkeye State, with the William Hill Sportsbook at Prairie Meadows license ending 2020 as the state’s top-earning operator.
A quartet of Caesars Entertainment-owned properties (Harrah’s Council Bluffs, Horseshoe Council Bluffs, Isle of Capri Bettendorf, and Isle Casino Hotel Waterloo) operate under a separate license, which came in as the third-highest earning operator in the state for 2020.
DraftKings Sportsbook (licensed to Wild Rose Casino) edged out Caesars for the No. 2 annual revenue spot with December’s figures factored in.
Monthly revenue tailed off a bit for the second straight month, with Iowa’s online sportsbook down 12.8% month-to-month. Iowa hit an all-time monthly high in October ($6,371,281), but revenue has dropped since then.
The monthly breakdown from the Iowa Racing and Gaming Commission can be viewedhere.
West Virginia Online Sports Betting Revenue December 2020
| Retail Operator | Online Skins | December 2020 Revenue* | Month-Over-Month Change | YTD Revenue** |
|---|---|---|---|---|
| The Greenbrier | FanDuel Sportsbook, BetMGM | $1,372,853 | -3.8% | $9,050,926 |
| Hollywood Casino at Charles Town Races | DraftKings Sportsbook | $853,900 | -5.5% | $6,492,878 |
| Mountaineer Casino | William Hill | $144,373 | +26.5% | $368,093 |
| Mardi Gras Casino | Betly | $36,107 | +100.0% | $72,169 |
| Wheeling Island Casino | Wheelng.Betly.com | $13,870 | +24.2% | $51,435 |
| Totals | $2,421,104 | -2.2% | $16,035,501 |
*total revenue figures for weeks ending in December 2020
**total revenue figures for weeks ending in 2020
FanDuel, DraftKings, BetMGM Sit Atop The Mountain State
West Virginia’s mobile sportsbooks finished off 2020 on a steady stream of revenue production. October ($2,516,871) marked the all-time monthly high for online sports betting revenue, followed by similar numbers in November ($2,475,134) and December ($2,421,104).
The Greenbrier operates as the only land-based casino partner running multiple online sports betting skins. With FanDuel Sportsbook and BetMGM under the banner, the Greenbrier topped West Virginia’s mobile revenue by operator rankings for 2020.
The most recent additions to the Mountain State market (William Hill, Betly) still have a ways to go to catch the state’s mobile wagering leaders.
- Where to Bet:
How to read NBA Las Vegas Odds
The point-spread was developed to provide a balance for both teams involved in a contest to attract bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.
The favorite is always listed with a minus (-) sign before the point-spread while the underdog is labeled with a plus (+) label.
Ex. Favorite -10, Underdog +10
On the VegasInsider.com odds page, there is another number associated with the favorite and its listed as -10. This number is simply defined as vig or what many in the sports betting industry call vigorish. Another common term is called juice and its technically the price the bettor has to pay on a straight wager.
Ex. Bet $110 to win $100 (10% juice)
Ex. Bet $100 to win $91.91 (10% juice)
It's not uncommon to see other values posted other than -10. Examples seen on the NBA Vegas Odds pages could include -08, -12, -15 and -20. The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.
The lower-juice sportsbooks are normally found outside of the state of Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find the best and most secure places to make NBA bets.
Another number thats posted on the NBA Las Vegas is the total or over/under for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NBA Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.
NBA Open Line
One of the best features on the NBA Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If youre betting on the NBA or any other sport, its a great idea to view the open line first.
VI Consensus NBA Line
The VegasInsider.com Consensus NBA Line is just as important as the Open Line and also a key resource on odds platform. The Consensus column could be called a Median Line since it shows the most consistent number provided by the sportsbooks on VegasInsider.com. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.
Betting on NBA Games
Where can I bet on NBA games?
There are several legal sportsbook options in the United States. Visit our sportsbook directory to find online sportsbooks where you can bet on the NBA.
Who are the experts picking to win?
Our experts offer picks on all the big NBA games. Check out our 2020 NBA Playoff Predictions or our NBA game picks to see what our handicappers are saying.
What type of bets can I make on NBA games?
Betting the point spread, straight up winner, and over/under point total are the three popular NBA bets. Sportsbooks also first half lines, live betting, and other betting angles.
Who's the favorite to win the NBA Championship?
For odds on where teams will finish in the NBA Playoffs, check out our NBA Futures page.
Can you place parlay bets on NBA games?
Caesars Online Sportsbook
Most sportsbooks will allow you to parlay your baskteball bets, meaning you can bet on multiple odds and win a bigger payout if they all win. Check out our parlay calculator to see what your payout will be.